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AmeriBid LLC to Conduct Auction of Versatile Industrial Complex and Operating Self-Storage Business

HARTFORD, Conn., June 26, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the lender approved auction of 120,000+/- sf of mixed commercial and office space. "This is a rare chance to purchase a property with some of the most versatile zoning available in Hartford. The buyer will have an incredible array of choices with respect to use," comments Eugene Davidzon, Regional Director for AmeriBid. "The sale will include Storage City, a Hartford stalwart in the storage business. The related revenue-producing opportunities are truly remarkable. Featuring 120,000 of convertible space, this 5-acre parcel will attract buyers from all over the country."

The property will be auctioned on-site at 806 Windsor Street at 11:00am EDT on Wednesday, July 24th, 2013. The sale of this property includes an operating and cash-flowing self-storage business, Storage City, and its surrounding real estate; a sprawling industrial park consisting of a total of 120,000+/- sf of mixed commercial & office space.

There are 3 main buildings on the property, all of which have sprinkler systems and frontage on Windsor Street. 780 is a one story building on the south end of the property. It is 3,150+/- sf and currently houses Igelesia de Dios Pentecostes.

806 & 808 sit in the middle and include the self-storage facility, a warehouse, and a 2 story brick building, altogether totaling 100,000+/- sf. Storage City has 40,000+/- sf with ample management space and a welcoming reception area. The rear warehouse is large enough for semi-trucks with trailers and has 20' ceilings.

818 is a 1-story building on the north side of the property. It has 14,400+/- sf and docks that face south.

Ample secured parking is found throughout the 5+/- acre property which is located in the Enterprise Zone of resurging Hartford. Just 0.7 miles from I-91 and 2.1 miles from I-84, the location allows for quick access into downtown. The property currently produces income from a portfolio of quality tenants including five churches with established congregations. Past tenants include construction/repair companies and car/truck storage. With the I-2 Industrial District zoning, there are many alternative uses possible; including but not limited to sports centers, business services, manufacturing, education services, and repair services. Aggressive management could transform this property into an incredible cash flow opportunity.

A 10% Buyer's Premium applies. Property inspection dates and times are available on our website. To receive more details and complete terms, please visit www.ameribid.com or call 877.895.7077. You may also contact Eugene Davidzon directly at 703.982.0852 or eugenedavidzon@ameribid.com.

Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.

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CONTACT: Media Contact: Michelle Baker 877.895.7077

Source: AmeriBid