Past Auctions
Meadowbrook Mart-SOLD
- Auction Date:
- 04/12/2007 11:00 AM (Closed)
- Address:
- Meadowbrook Mart Shopping Center
Jackson, MS 39206
United States [Map | Driving Directions] - Type:
- Retail
- 112,145 sq/ft
Meadowbrook Mart-SOLD
SOLD!!!
LIMITED PARTNERSHIP ORDERS IMMEDIATE SALE!!!!
Meadowbrook Mart Shopping Center
311-353 Meadowbrook Road Corner of North State
Jackson, Mississippi
Meadowbrook Mart Shopping Center is a 112,145 square foot neighborhood center well located at the corner of Meadowbrook Road and North State Street in Jackson, Mississippi. Tenants include Payless Shoes, Advance America, Simply Fashions, Jackson Hewitt, and others (see rent roll).
Corner site is approximately 6.61 acres with 921.4' frontage on Meadowbrook, 310.5' on North State and 954.8' on Choctaw. Sale includes 160' x 160' parking lot on Choctaw, corner Seminole. Center has 612 paved parking spaces. Please click on "Property Information Packet" for a complete description on Meadowbrook Mart.
Possible GO ZONE incentives including 50% first year depreciation, 50% demolition costs expensed, and tax incentives. Please visit http://www.mississippi.org/content.aspx?url=/page/3269& for more information.
A PROPERTY INFORMATION PACKET IS AVAILABLE BY CLICKING ON THE ORANGE "PROPERTY INFORMATION PACKET" LINK ON THE RIGHT OF THIS PAGE. PLEASE ENTER YOUR INFORMATION THEN CLICK "CONTINUE". CLICK ON "VIEW DETAILS". THEN VISIT EACH MENU ITEM LISTED ON THE PAGE. INCOME STATEMENTS AND FINANCIAL INFORMATION ARE AVAILABLE FOR DOWNLOAD UNDER "LINKS-OTHER INFORMATION". PLEASE FEEL FREE TO CALL US AT 504-468-6800 IF YOU HAVE ANY DIFFICULTIES.
AUCTIONEER'S NOTE: This will be a Dual-Bid auction where initial written bids are submitted on Tuesday, April 10th. The bids will be evaluated and selected bidders will be invited to the live auction on Thursday April 12th. This is a fantastic opportunity to acquire a "value added" center or redevelopment site in a great area with good demographics. Attractive GO ZONE incentives available. Don't miss out on this one!
INITIAL BID OFFER DEADLINE: Tuesday, April 10th by 5:00 P.M.
INITIAL BID OFFER LOCATION: Sperry Van Ness/Gilmore Auction
3316 Florida Ave., Suite 201, Kenner, LA 70065
AUCTION DATE & TIME: Thursday April 12th, 11:00 A.M.
MINIMUM BID: $2,250,000. Property will be sold to the highest bidder above $2,250,000 plus buyer's premium.
DEPOSIT: $50,000 in certified funds or cashier's check with initial bid made payable to Sperry Van Ness/Gilmore Auction. Winning bidder must deposit a total of 10% within 24 hours.
CLOSING: Closing shall take place by Monday, May 14, 2007.
INSPECTION: By appointment. Please call 504-468-6800.
BROKER PARTICIPATION: Two percent (2%) of the bid price to a properly registered broker. Please download mandatory Broker Registration form below.
BUYERS PREMIUM: A five percent (5%) buyer's premium will be added to the final bid and included in the total contract price.
TERMS: 10% down within 24 hours. $50,000 certified funds required with initial written bid. Act of sale within 30 days. Property sold in as is, where is condition. 5% buyer's premium added to final bid.
This information has been obtained from sources deemed reliable. While we do not doubt the accuracy, we have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates are for example only and do not represent the current or future performance of the property. It is the potential Bidders responsibility to independently verify the accuracy and completeness of the information.
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BROKER REGISTRATION FORM