NORTHBROOK, Ill., June 8, 2015 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC (www.hilcoreal.com) announces the opportunity to purchase one of the few remaining large development parcels in the Master Planned Stone Oak Development. This parcel is approximately 17.2± Acres, located in the 20500 block of Stone Oak Parkway. "This development site is being offered with a suggested low opening bid of $1,000,000, well below its assessed value for competing sites in the Stone Oak area. "Someone is going to get a great deal in this upcoming auction event" comments Paul A. Lynn, CCIM, Senior Project Consultant and Broker for Hilco Real Estate. "The current zoning for the site is C3 which offers a great opportunity for multiple uses."
The online auction will commence at 9:00 AM on Monday, June 29, 2015 and will conclude on Tuesday, June 30, 2015 at 2:00pm CDT. Go to www.hilcorealestate.com to review property information and obtain bidding instructions.
Stone Oak is an affluent master-planned, deed restricted, multi-use development in the far north central San Antonio, Texas. Throughout the Stone Oak area are multi-lane esplanade boulevards. As of 2012, the Stone Oak population is estimated to be 75,000, an increase of over 55,000 people since 2000. Stone Oak is located north of Loop 1604 and west of US 281, offering easy road access to the entire San Antonio metro area and is approximately 25 minutes to the San Antonio International Airport. The district is known for its gated communities, 24‑hour security, and well landscaped medians. The area has many large and small shopping centers catering to the residents' needs. The Dominion, Alamo Heights, Olmos Park, Terrell Hills, Hill Country Village, Monte Vista, Shavano Park and Stone Oak round out San Antonio's top affluent neighborhoods. Stone Oak is also home to the Canyon Springs Golf Club and the nearby J.W. Marriott Resort.
"This is an amazing opportunity to purchase at auction one of the few remaining prime development sites in the prestigious Stone Oak Master Planned Community, through an accelerated auction program ", comments Phillip Crane, CCIM with Providence CRES, cooperating broker in this auction sale. The property is being offered with a suggested opening bid of $1,000,000 ($1.35 per SF). A 10% Buyers Premium applies. 2% Broker participation is offered, subject to the Auction Company's Broker Registration Form and guidelines therein. A $50,000 initial deposit is required to bid. To review more details and obtain complete terms, please visit www.hilcorealestate.com. For more information and to find out how to bid online, contact Fernando Palacios at 877.933.7779 (firstname.lastname@example.org) .
About Hilco Real Estate:
Hilco Real Estate, ("HRE") a unit of Hilco Global (www.hilcoglobal.com), is headquartered in Northbrook, Illinois. HRE is a national provider of accelerated real estate disposition services for corporations, lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies as well as local, state and federal government agencies. Acting as an agent or principal, HRE applies its vast experience to advise and execute strategies, helping both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.
CONTACT: Gary Epstein EVP Chief Marketing Officer Hilco Global Office: 847-418-2712 Email: email@example.com
Source: Hilco Global