The United States Bankruptcy Court for the District of Maryland has approved the sale of Avalon Plaza, LLC at auction on Tuesday March 26th at 10:30 AM local time. The property is located in Wicomico County on Maryland’s eastern shore. Avalon Plaza is an operating center in the thriving retail district of Salisbury.
Avalon Plaza consists of three contiguous buildings on a 4.17+/- acre site and features existing tenants such as Outback Steakhouse, Chico’s, Talbots and Supercuts.
The website http://www.AvalonPlazaAuction.comprovides all pertinent information for the auction including the Bid Package with required steps to become a qualified bidder, Court Ordered Bid Procedures, FAQ’s, title report, leases, income statements, important dates and more. The website also contains contact information for Sperry Van Ness/Miller Commercial, the local headquarter broker for specific property questions and property tours. A 1.5% Broker Cooperation Fee is available to licensed real estate brokers.
National Auction Advisor, David E. Gilmore, CCIM of Sperry Van Ness states, “The Bankruptcy AuctionProcess offers a unique opportunity for the investor to acquire a class “A” retail center on the eastern shore.” Sperry Van Ness National Auction Director, Louis B. Fisher III says, “The Court Ordered Auction will provide the winning bidder clear and marketable title with the property being offered and sold to the highest bidder.”
Founded in 1987, Sperry Van Ness is one of the largest and fastest-growing commercial real estate brokerage firms in the industry, with more than 850 advisors in over 150 locations. The firm is built to immediately market every one of its clients’ properties to the entire brokerage community. Sperry Van Ness delivers results for clients through a proven business model that provides advanced marketing and technology tools. Based in Irvine, California, the firm operates internationally and provides brokerage, consultation, asset management, property management, leasing, accelerated marketing, and auction services. Sperry Van Ness transactions total billions of dollars annually in office, multifamily, retail, industrial, self-storage, hospitality and land transactions.
SVN Auction Team members are fully integrated with Sperry Van Ness International and the 850 member advisors. Collectively, the team boasts more than 100 years of experience in planning, orchestrating and conducting successful auctions and sealed bid sales throughout North America, Mexico, Puerto Rico, and the U.S. Virgin Islands.
All Sperry Van Ness Offices Independently owned and operated.
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CONTACT INFORMATION
David E. Gilmore, CCIM
Sperry Van Ness Auction Services
504.468.6800
david(dot)gilmore(at)svn(dot)com
Louis B. Fisher III, CAI
Sperry Van Ness Auction Services
954.931.0592
fisherl(at)svn(dot)com
