Modern +/-45,000 sf Industrial on 30 Ac, King & Queen County Walkerton, VA

BANKRUPTCY AUCTION: Case No. 23-33135-KRH. Per Court Order entered February 5, 2024, Real Property shall be sold free and clear of all liens, claims, rights, and interests pursuant to 11 U.S.C. § 363(f) and Bankruptcy Rule 6004.

Attention industrial users and investors: Modern industrial building in business-friendly King & Queen County, VA. Features include:

• Flexible Industrial (I) Zoning: allows for heavy commercial and industrial uses, such as manufacturing, assembly, processing, inside and outside storage, and mini-storage.
• 45,000+/- s/f in (4) buildings:
  - 41,000+/- s/f primary manufacturing/warehouse building with office
  - 2,000+/- s/f Equipment garage
  - 1,500+/- s/f Shop
  - 500+/- s/f Compressor shed
• Primary manufacturing/warehouse building:
  - Year Built: 1981 & 1993
  - Square Footage includes +/-3,100 s/f of mezanine office space
  - Ceiling Height: +/-16 ft
  - Dock High Doors: (4)
  - Drive-in Doors: (4)
  - Heat/AC:
       - Office and Breakroom: heat pump
       - Warehouse: wall/ceiling mounted electric space heaters; no cooling
  - Men's & Women's restrooms
• +/-30 Acre site
• Gated entrance
• Convenient, easily accessible location approx 3.5 miles to US 360, providing direct access to I-295 21 miles to the southwest
• Well/Septic
• Highspeed Fiber Internet provided by RiverStreet
• Power: Provided by Rappahannock Electric Cooperative

Equipment to be auctioned separately by Myron Bowling Auctioneers on Thursday, April 11 at 10am ET. Equipment preview to be held Wednesday, April 10, the same day as the real estate auction. Click the following link for more information: https://www.myronbowling.com/current-auctions/bennett-mineral-company

Interested in purchasing all equipment and real estate? Contact either Myron Bowling Auctioneers or Tranzon Representative as soon as possible. Entirety sealed bid deadline is April 3, 2024. Click the following link for the entirety listing: https://www.tranzon.com/key5028a

Note: Some equipment likely to be abandoned

Parcel ID#: 32-55L-44A
2024 Tax Assessment: $1,261,900
2024 Annual Taxes: $6,057

Hampton Roads and Richmond Are Two of the Tightest Industrial Markets in the Country
- CoStar News

CAN'T ATTEND AUCTION IN PERSON? CONTACT TRANZON REPRESENTATIVE BY MONDAY, APRIL 8 ABOUT REMOTE BIDDING.

Click on “ACCESS PROPERTY DOCUMENTS.” The Property Information Package contains information, including the sales contract, not available elsewhere.

VAAF423

The following summary of Terms & Conditions of Auction Sale is only intended to provide you a brief outline. For a complete copy, either download the Property Information Package, if available, or contact Bill Londrey CAI

Bill Londrey CAI: Tranzon Key

804-513-0544 blondrey@tranzon.com

All bidders must agree to all of the Terms & Conditions of Auction Sale prior to bidding at any Tranzon auction. Listings may be withdrawn or modified without notice at anytime.

For general information on the auction process, please review the Frequently Asked Questions.

• Buyer's Premium: 10% Buyers Premium based on the high bid.
• Closing: 40-Day closing, sold in As-Is condition, no contingencies.
• Deposit Amount: Minimum deposit of $50,000 in guaranteed funds, with 10% due within 2 business days.
• Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.
• Agency Disclosure: The member company acting as auctioneer/agent is an agent for the seller only.
• Disclaimer: Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.