Thursday, October 13th @ 2:00pm
Medical Plaza East Shopping Center 4331 Highway 78 East Jasper, AL
AUCTION ENDS TOMORROW (Thursday) @ 2:00pm! $25,000 deposit required to bid! Call 205-664-4300 for info.
U.S. Bankruptcy Auction
Public Online Auction - By order of the Liquidating Trust of J&E Land Company, INC, LLC.
(2) Shopping Centers in Jasper, Walker County, Alabama. Selling individually.
#1 - Medical Plaza East - 4331 Highway 78 East, Jasper, Alabama 35501 Parcel ID#64-17-01-12-3-000-017.000
* 67,000 Sq Feet Retail Space (previous appraisals list the shopping center as over 74,000 sq ft) - 6.8 acres, more or less * (13) Tenants, anchored by Alabama ABC store and medical offices - Income Producing - (17) Vacant spaces for additional income * Recent Environmental Phase I
Current Monthly Income - $22,921.28 with 17 spaces vacant.
#2 - Walston Bridge Plaza - 301 Walston Bridge Road, Jasper, Alabama 35501 Parcel ID#64-17-02-03-4-000-013.000 (note - The county reflects parcels that have been sold including a car wash, storage building & gas station. Those parcels are not included in this sale). Walston Bridge Plaza contains 1.6 acres, more or less. 2015 Walker County Tax appraisal $607,800.
(Car Wash, Storage Building & Gas Station are not a part of this auction! Previously Sold).
* 16,275 Sq Feet Retail Space - Multiple Tenants - Income Producing - Vacant spaces for additional income * Recent Environmental Phase I
Current Monthly Income - $5,400 with 2 units vacant
Details: A bidder packet will be made available which includes current income statements, copies of leases, tenant payment history, survey's, Environmental Reports, sales agreement sample, terms and conditions of sale. Contact the offices of Pearce & Associates for a complete packet: 205-664-4300 or [email protected]
Bidder Requirements: Online Bidding Only. To become a qualified bidder, you must submit a deposit in the amount of $25,000 in the form of a cashiers check made payable to Pearce & Associates or bank wire transfer. All non winning bidders will have their deposits returned within 24 hours of the auctions ending. Bidders can register and set up the bidders account online with a valid credit card. Actual bidders privleges will not be activiated by the auction company until deposit is received. Pearce will provide a "Local" bid center on the last day of bidding. Bid Center will be at the Hampton Inn, 100 Industrial Parkway, Jasper, Alabama. All potential buyers can access the bid center and submit deposits, get help with registration and assistance with placing bids at the bid center.
Properties shall be sold subject to Seller confirmation of bidder and bid amount and the secured creditor has reserved its rights to participate in the auction and may credit bid in a portion of its claim at the auction.
Notifications: All registered bidders will receive updated information about this auction by email.