Lender orders retail investment property to be sold at public auction

HOUSTON, Nov. 20 /PRNewswire/ -- National Commercial Auctioneers LLC, (NCA) (www.natcomauctions.com), who does business as NCA Auctioneers, LLC in Texas, is selling at auction a .723 acre tract with full service operating car wash on Tuesday, December 15, 2009, at 11am.

The car wash, which was updated in 2002, is a single lane exterior facility including a vacuum station area with canopy. Located near the intersection of Spencer Highway and Strawberry Road in Pasadena, Texas, with excellent roadway visibility, the property presents a unique opportunity to the retail marketplace.

"This property is in an ideal location with new retail development across the street and at the intersection," comments Alan Jones, Broker and Project Manager for the auction. "Located on heavily traveled Spencer Highway, the Flagship Express car wash has excellent street frontage making this real estate an excellent opportunity for many types of retail or the service industry."

The building is over 2,500 square feet with a flexible layout to the property. The car wash equipment will also be sold with the real estate and includes track, vacuum lines and hoses, scrubbing units, wax applicators, drying units, office equipment and more.

"The investment opportunities within the commercial real estate market today will provide substantial returns to those buying this type of retail property," reflects Jones. "Commercial real estate properties with a business related component, such as this car wash, will provide excellent short-term cash on cash returns and will provide substantial long term returns on investments made today as the economy recovers."

For inspections times and to receive the Property Information Package, please visit www.natcomauctions.com or call 877-895-7077.

About National Commercial Auctioneers, LLC

Based in Tulsa, Oklahoma, National Commercial Auctioneers (NCA) is a national real estate auction firm dedicated to the sale of commercial properties for commercial lenders, bankruptcy trustees, private equity funds, and for public and private companies throughout the United States. NCA has the knowledge and expertise to effectively deliver a market-driven auction for every type of commercial property.

SOURCE National Commercial Auctioneers, LLC

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