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Bankruptcy Auction – 4-Story Office Building AUCTION
Description:

Bankruptcy Auction – 4-Story Office Building –
59,625+/- SF Net Rentable Area

Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas.

4-Story Office Building w/ 59,625 SF of Net Rentable Area on high visibility SW corner lot of Westheimer and Synott.

DON’T MISS THIS OPPORTUNITY TO BUY UNDER MARKET VALUE!!!

Land Area Gross: .1.5817 AC’s or 68,898 SF +|- of land
59,625 SF of Net Rentable Area
4-Story Office Building built in 1984
Great visibility on the corner of Westheimer Rd and Synott Rd
High Traffic Count with approx. 67,000 cars per day
Tenant Mix with tremendous upside for new owners
Covered parking garage and street level parking
No Zoning
48% Occupancy w/ great ground floor leasable space

IMPORTANT NOTICE REGARDING LEASES, RENT, DEPOSITS & TAXES
All tenant leases are considered executory contracts in the bankruptcy and at the time the bankruptcy case converted from a Chapter 11 to a Chapter 7, the Bankruptcy Trustee (“Trustee”) rejected ALL leases and is not in a position to legally assign the existing leases to the buyer. Therefore, Tenants are to be considered tenants at sufferance and new leases will need to be negotiated
The Trustee is not legally able to transfer any tenant at sufferance security deposits to the buyer
The Trustee may enter into a lease agreement with a new tenant post-bankruptcy petition and those leases and security deposits will be valid and transferable to the buyer
2024 Ad Valorem Taxes will NOT be prorated at closing, but will be the responsibility of the buyer when due and payable
All prior year outstanding taxes and liens will be paid by the seller at closing
Kelly Toney, Tranzon Asset Advisors, Court Appointed Auctioneer for the U.S. Bankruptcy Court, Southern District of Texas, Case No. #23-34448

Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX Auctioneer #11818, Broker #0421809
5% Buyers Premium and other terms apply
Online bidding ends August 27th at 12:00pm CT
Inspection: August 22nd at 12:00pm CT
Property Address: 13111 Westheimer Road, Houston, Texas 77077
Contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com

City:
Houston
State:
Texas
Country:
United States
Email:
Contact Seller
Phone:
8662438243
Photos:
8 Stunning Condos Just off the Strand! - Income Producing AUCTION
Description:

8 Stunning Condos Just off the Strand! - Income Producing

Experience historic Galveston in the heart of it all! The Meilleur is a collection of modern loft-style condominiums in a building constructed in the 1800’s less than two blocks from the Strand. The Meilleur was beautifully remodeled to provide eight individual condominiums. Renovation began in 2020 and was completed in 2021.

Each flat comes fully furnished with very tasteful, modern furniture. These properties have a multi-year history of producing substantial monthly revenue as short-term rentals including (2) 2BR Units, (3) 1 BR Units and (3) Studio apartments. The building is within easy walking distance of the Galveston Historic Seaport, Port of Galveston Cruise Terminals and Galveston’s Historic Strand District, or The Strand, with restaurants, nightclubs and shopping. Additionally, The Meilleur is just around the corner from the Galveston Trolly Service that can take you anywhere on the island.

A further advantage is the proximity to the UTMB School of Medicine and the Galveston Medical Center Complex of Specialized Adult and Childhood Medical Care and Research. The Meilleur is uniquely situated a mere 5-minute bike ride, 4 minutes by car or 20-minute walk from the Medical Center. The perfect location for busy medical students to live and thrive, patient families in for a visit/treatment or employees of the Center to live in close proximity to the hospital.

Fronting Galveston Bay, the Strand is a National Historic Landmark that harkens back to Galveston’s zenith in the late 1800’s and early 1900’s. Many of the structures are more than a century old, meticulously restored and maintained that provide stunning characteristics and craftsmanship from times-gone-by.

Galveston is loaded with entertainment, shopping and dining opportunities including the Moody Gardens, Pier 21 Theater, Ocean Star Offshore Energy Museum, Texas Seaport Museum, the tall ship Elissa, the Pleasure Pier, Seawall and miles of gorgeous Gulf Coast Beaches. In the Heart of Galveston City, you will find The Meilleur to be an oasis of calm and relaxation, whether making this your full-time residence, vacation get-a-way, valuable investment or combining the flexibility of condominium ownership…We welcome you to explore, and then bid on these wonderful offerings.

Description:

• History Blending with Sophistication In the Heart of Historic Galveston!
• Eight Premier Loft Condominiums – Each Uniquely Conceived to Enhance Your Way of Living
• Easy Walking Distance to the Strand, Cruise Terminal, Theaters, Dining, Shops and More
• Exposed Antique Brick Blended with Modern-day Comforts make The Meilleur the Must Have Place
• Significant Income Producing Units that Easily Book as Vacation Rental
• Over $29,000 Average Annual Income per Unit – Financials Available
• Complete Renovation in 2020 & 2021 to 1 & 2 BR Delightful Flats & Loft Style Apartments
• Multiple Condos feature Courtyards and Decks – Every Flat Is Unique and Charming!
• Bid on One Unit, Several Properties or the Entire Building for Great Investment!
• All Condos Being Sold Completely Furnished – Well Appointed in Each Flat
• Secure Entry, Separate Utilities, Carefree Living or Vacation in Comfort
• Only 2 Blocks from the Strand & 4 Blocks from the Cruise Terminal
• Downtown Business Center
• View More at: https://www.meilleurgalveston.com/

Vital Statistics:
• Both Floors Total Renovation into 8 Amazing Condominiums distributed on Two Floors w/Four Units Per Floor
• Unit 101, First Floor, 891 SF 1BR/1BA w/Delightful Courtyard Area – Sleeps 3 persons
• Unit 102, First Floor, 686 SF 2 BR/2BA features Dining Area, Spacious Living Room – Sleeps 6 people
• Unit 103, First Floor, 558 SF Studio/1BA – Soaring Ceilings & Charm – Sleeps 3 persons
• Unit 104, First Floor, 559 SF Studio/1BA – Lots of Light w/Picture Windows – Sleeps 4
• Unit 201, Second Floor, 446 SF Studio/1BA – Large Balcony Area & High Ceilings – Sleeps 2 persons
• Unit 202, Second Floor, 675 SF 1BR/1BA – Exposed Brick w/Large Bathroom – Sleeps 4 people
• Unit 203, Second Floor, 772 SF 1BR/1BA – Open & Airy w/Great Views – Sleeps 4
• Unit 204, Second Floor, 1,084 SF 2BR/1.5BA – Largest Unit Available – Great for a Group – Sleeps 6
• Common Area, First Floor, 633 SF
• Common Area, Second Floor, 351 SF
• Land Area Gross: 0.0878 AC’s or 3,825 SF +|- of land per GCAD
• Building Area Gross: 7,278 SF +|- per GCAD
• Floor 1 Building Area: 3,639 SF +|- per GCAD
• Floor 2 Building Area: 3,639 SF +|- per GCAD
• Exterior is Brick Veneer, Masonry & Granite Tile
• Flat Roof featuring Highly Durable & Energy Efficient Elastomeric Covering
• Heating and Air Service Individual Electric Units

Live/Online June 5th at 12:30 PM CT
Preview: May 22 at 4 PM, May 24 at 11AM, May 25 at 12 PM
Property Address: 315 Tremont Street, Galveston, Texas 77550
Tranzon Asset Advisors of Texas, LLC, #9008058, Kelly D. Toney, TX A

City:
Galveston
State:
Texas
Country:
United States
Email:
Contact Seller
Phone:
2707690284
Photos:
Commercial Highway Lots For Sale
Krebs, Oklahoma
105,000
Name of Property: Commercial Highway Lots for sale Acreage: .75 Acres Location: Highway 31, Krebs Subdivision Closest Town: McAlester, OK Access: State Highway 31 Taxes: $313.89/2022 Topography: Gently rolling Utilities: Electric, water, city sewer, and natural ...
Commercial Bank of Mott - 701-824-2593
Mott, North Dakota
Call 701-824-2593
The Commercial Bank of Mott (Member FDIC) offers the services of a big bank, but does not act like one, our employees are your neighbors and know your name. Commercial Bank of Mott, PO Box 40 Mott, ND 58646. Call 701-824-2593 or stop in with any questions. Go to our ...
ACCEPTED OFFER! 2-Story Commercial Building
Fort Atkinson, Wisconsin
$244,900 |ACPT OFFER
Located in the heart of the Fort Atkinson Main Street Historical District, is this rare opportunity to invest in this 5,488 sq-feet 2-story Cream Brick commercial building with 30-feet of Main Street frontage! Theres also an additional paved private parking lot in the ...
PRECONDITIONING OPERATION VERNON, TX 288 ACRES
Vernon, Texas
1,353,850.00
Property Details Name of Property: Preconditioning Operation Vernon, TX 288 acres Status: New Acreage: 288 Acres Location: 1.45 hrs. to Amarillo & 3 hrs to Dallas, TX Closest Town: Vernon, TX Access: County road Topography: Flat to very gently rolling pasture ...
8 Stunning Condos Just off the Strand! - Income Producing
Galveston, Texas
AUCTION
8 Stunning Condos Just off the Strand! - Income Producing Experience historic Galveston in the heart of it all! The Meilleur is a collection of modern loft-style condominiums in a building constructed in the 1800’s less than two blocks from the Strand. The Meilleur ...
Bankruptcy Auction – 4-Story Office Building
Houston, Texas
AUCTION
Bankruptcy Auction – 4-Story Office Building – 59,625+/- SF Net Rentable Area Bankruptcy Auction! Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 4-Story Office Building w/ 59,625 SF of Net Rentable Area on high visibility SW corner lot of ...
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