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Hilco Real Estate, LLC Announces Multi-Property, Multi-Owner Online Auction for Properties Throughout San Antonio

SAN ANTONIO, Dec. 15, 2015 (GLOBE NEWSWIRE) -- Hilco Real Estate, LLC (www.hilcorealestate.com) announces the opportunity to purchase various commercial properties located throughout the San Antonio area via a multi-property, multi-owner online auction scheduled for January 19-20, 2016. Properties included in this online auction event include:

  • 42± acre site zoned for residential/townhouse/multi-family development, off Judson Road and I-35 in the city of Live Oak (NE San Antonio);
  • 7± acre and 10± acre site on Judson Road off I-35, across from Northeast Methodist Hospital, zoned for General Commercial/Medical Development, in the city of Live Oak (NE San Antonio);
  • 2.11± acre and 1.0± acre sites on I-35 Frontage Road at Marigold, in New Braunfels;
  • 9.37± acre site in the 8800 Block of Marbach, off Loop 410, offered ABSOLUTE;
  • 5421 Grissom Rd. (near Timberhill), an approximate 7,500 SF retail building including an approximate 4,500 SF enclosed pool area, on an approximate ½-acre site, currently being operated as a retail scuba dive shop and training center;
  • Other properties may still be added to this multi-property offering.

"These sites are being offered with low suggested opening bids, well below the assessed value for competing sites in the respective areas. Buyers will see great deals in this upcoming online auction event" comments Paul A. Lynn, CCIM, Senior Project Consultant and Texas Broker/Auctioneer for Hilco Real Estate. "The current zoning for most of these sites is generally zoned for commercial functions, which offers a great opportunity for multiple uses."

The online auction will commence at 9:00 am on Tuesday, January 19th 2016 and will conclude on Wednesday, January 20th 2016 commencing at 2:00 pm Central Time, with successive properties closing 10 minutes thereafter. Go to www.auctions.hilcoreal.com to review property information and obtain bidding instructions.

The Judson Road sites (known as Fiddler's Point) offer a total of 60± acres, with the residential land offering spectacular views of the area. The commercial sites at the base of the property are on Judson Road, across from the expanding Northeast Methodist Hospital, offering opportunities for various types of medical related use and other commercial development. The Marbach site is being offered "Absolute, regardless of price" to the highest bidder; located just outside Loop 410, across the street from the Polo Club Apartments, on a major retail street approximately ½ mile from Loop 410, this property offers great flexibility for many types of commercial development. The property at 5421 Grissom Road is currently being operated as a retail SCUBA diving and training center. With an enclosed 4,500 SF pool area, the property could continue to be used as a dive center (owner would consider an option to purchase existing inventory) or the site could be used for various types of retail infill re-development in the dynamic Grissom Road retail area. The two sites on the I-35 Frontage Road at Marigold in New Braunfels offer high visibility and easy on/off access to I-35, making them ideal for a wide variety of commercial uses.

"This is an amazing opportunity to purchase both large and small development sites throughout the growing San Antonio region, through an accelerated auction program", comments Fernando Palacios, Senior Managing Director with Hilco Real Estate. These properties are being marketed in association with Providence CRES, and REOC (San Antonio and Austin) as cooperating brokers for the various sites in this auction sale. The properties are being offered with low suggested opening bids (see website for details). A 10% Buyer's Premium applies. Additionally, a 2% Broker participation is being offered, subject to the Auction Company's Broker Registration Form and guidelines. Initial deposits are required to bid. To review specific deposit requirements, detailed property information and complete terms of sale, please visit www.auctions.hilcoreal.com. For more information and to find out how to bid online contact Fernando Palacios at 877.933.7779 (fpalacios@hilcoglobal.com) or Paul A. Lynn, CCIM at 713.598.8243 (plynn@hilcoglobal.com).

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 and 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.

Media Contacts:
Gary Epstein
EVP Chief Marketing Officer
Hilco Global
Office: 847-418-2712
Email: gepstein@hilcoglobal.com

CONTACT: Media Contacts: Gary Epstein EVP Chief Marketing Officer Hilco Global Office: 847-418-2712 Email: gepstein@hilcoglobal.com

Source: Hilco Global