Industrial Complex-60,322 sq.ft.-El Dorado, AR

Original Bank Mortgage was $1,918,417.  But it NOW at your Price!

The property is owned by the bank and they say "Sell it NOW!"

This Industrial complex will sell at PUBLIC ABSOLUTE AUCTION on April 8, 2010 at 11:03 a.m. - CST.    Following are attributes of the property:

Land:
Tract 1      1.89+/- ac.
Tract 2      1.71+/- ac.

Buildings: 
Tract 1--Building 1  22,485 +/- sq.ft.--7 Overhead doors and 4 heavy duty cranes--30 foot ceiling height
Tract 2--Building 2  14,664 +/- sq.ft.--Office with warehouse--several steel storage bins--many potential uses--various celing heights

   Building 3   8,037 +/- sq.ft.--width of 70'--ceiling height 26'
   Building 4   6,662 +/- sq.ft.--superb 60' wide 110' bldg.--ceiling height 26'
   Building 5   8,474 +/- sq.ft.--2 bays and 2 heavy duty cranes--26' ceiling heights

Foundations: 
Reinforced concrete slabs

Wall Framing: 
Steel truss in all buildings except Building 2. Building 2 is an office/storage building of a lighter steel frame.

Roof Framing:
Metal clear span trusses

Roof Covering:
Metal with gable roof system

Floor Covering:
Office area has 12-inch resilient vinyl tile.  Industrial areas have unpainted concrete floors

Exterior Doors:
There are a number of overhead doors in the buildings, some large enough to allow 18-wheeler access.  Other exterior doors are of a flush metal construction, with the office areas having medium style, metal frame, and glass inserts.

Interior Walls:
Office areas have paneling.  Warehouse areas are open frame and unfinished

Electrical:
Each building has its own set of electric panel boards, with 3-phase service available

Zoning:
I-1--LIght Industrial District

Abutting land uses:
North:  Electric Transfer /Station and overpass
East:  Older Residential Areas
South:  Commercial/Industrial & Railroad tracts
West:  Railroad tracks

Utilities:
    Electric: Entergy
   Water and Sewer:  City of El Dorado
   Telephone:  AT&T

Rail Access:
The railroad tracts whose right of way makes up the western boundry provides rail access to the subject.

Property is OFFERED DIVIDED AND COMBINED, whichever way  YIELDS THE HIGHEST BID(S) for the Seller.

SEE SURVEY UNDER "DOCUMENTS"

Also, be sure to review the attached Summary of the Phase II Environmental Report.  The property has a good, clean report and be sure to review floor plans for the 5 buildings.

See Preliminary Title Committment under "DOCUMENTS"

Brokers can download a Broker Participation Form from "Documents"

For Additional Information Contact:

Johnny B. Mitchum, MBA, CPA (inactive)
Executive Broker and Principal Auctioneer
501-940-3231
jMitchum@RpmMitchumAuctions.com