INGLEWOOD, Calif., Jan. 20 /PRNewswire/ -- Inglewood's Fox Theatre, a historic art deco/moderne landmark that served as a main site for Hollywood premieres in the 1950s, will be sold via a sealed bid auction on February 5. The property will sell to the highest bidder above $200,000. Sperry Van Ness Accelerated Marketing Co. Inc. is conducting the auction of this well-known piece of Hollywood's past.
"This is a fantastic opportunity to redevelop a grand theatre from days gone by and at a fraction of the value," says David Gilmore, Managing Director of Sperry Van Ness Accelerated Marketing.
The 12,090 square foot Fox Theatre boasts Marilyn Monroe and the Three Stooges among other stars who graced its plush seating and grandiose interior. Last operational in 1984, both the exterior facade and interior theater are in need of restoration. However, many of the original fixtures and theater equipment are still intact and remain in the building.
Located at 115 N. Market St., the Fox Theatre is located in a prime area of Inglewood. Art deco buildings from the early 1920s, landscaped medians, fountains and access to public transportation make this a desirable location.
The Fox Theatre is currently owned by former NFL player Mark Fields. Fields played linebacker in the NFL for 10 seasons with the New Orleans Saints, St. Louis Rams and the Carolina Panthers.
Bids for Inglewood's Fox Theatre are due on February 5. For property information and a complete Bid Package visit www.svnauctions.com.
About Sperry Van Ness Accelerated Marketing Co. Inc.
The Sperry Van Ness Accelerated Marketing Team has planned, orchestrated and conducted successful auctions, sealed bid initiatives and asset dispositions in 48 states, Mexico, Puerto Rico and the Virgin Islands.
Sperry Van Ness International has a network of nearly 1,000 commercial advisors located in 160 markets throughout the United States. Sperry is the only major commercial real estate company with an integrated, in-house accelerated marketing team.
David E. Gilmore, CCIM
504-468-6800 ext. 202
SOURCE Sperry Van Ness Accelerated Marketing Co. Inc.