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Columbia Office Building Auction: Ordered Sold by Lender by End of First Quarter
 

Columbia, Maryland-A highly motivated lender orders Overlook Center sold by the end of the first quarter. An on-site auction will take place at 12 Noon on Wednesday, February 20, 2002 for the office building located at 5457 Twin Knolls Road. The auction, conducted by Tranzon Fox of Virginia Beach, VA, presents a valuable piece of real estate available for purchase in an exciting format and will become an instant asset to the new buyer.

The property to be auctioned is a four-story, multi tenanted office building comprising of 68,887 rentable square feet. Located in a central business park on 6.8 acres, this office building has easy access to Washington, D.C. and Baltimore via I-95. It is zoned NT, Howard County, allowing a wide range of warehousing, distribution, light manufacturing, office and retail uses. The property is in close proximity to numerous banking facilities, restaurants, hotels, businesses, shopping and other amenities including the Columbia Hilton and the Mall in Columbia. Easy access to Route 29, Route 175, and I-95, yet away from the downtown Columbia parking congestion make this an ideal location for any property.

"This auction of a prime investment property presents a unique opportunity for all investors," states Steven I. Fox, Tranzon Fox's President. "The lender ordering this property sold wants it off their books by quarter-end, creating a solid purchasing and investment opportunity. I encourage all interested buyers to seriously consider this great asset in a great location." The motivated seller also confirmed on-site the sale of a similar property last month in downtown Richmond.

Inspections will occur on February 5, 12, and 19 from 12 pm-2 pm and will also be conducted by Tranzon Fox. The auction will take place on February 20 at 12 pm and will be on-site.

For further information on this auction contact Tranzon Fox at 1-800-868-0458 or view online at www.tranzon.com and refer to auction FX1210. Tranzon Fox has been the East Coast's leading provider of real estate auction marketing services since 1990 and recently consolidated with nine companies to form "Tranzon", the nation's first truly national auction firm, providing services nationwide.