Online Land Auction Hobby Industrial Park.
 

GUARANTEED TO SELL ABOVE $250,000 ($.36/SF) - Tax Appraisal is $863,000!

 
Development Opportunity! 15.85 AC’s in the Greater Hobby Area. 
 
The property is now ready to be developed based on the remediation described below. It is the Seller's understanding that the CAP described below can be built on.
 
On January 19th, 2009, Terracon submitted an engineering report to the TCEQ for a planned rail spur on the site. The document is available for download above named "01/19/09 Planned Rail Spur Crossing". The plans were approved by TCEQ and the document is available for download above in "TCEQ Docs & Certificates".
 
On March 20th, 2019, Terracon submitted an engineering report to the TCEQ for outdoor storage/laydown yard. The document is available for download above "Feasibility Report for Laydown Yard on Site". Seller is waiting for final approval from TCEQ.
 
The Owner of the property is required to Maintain the cover. Currently Terracon Consultants, Inc. is contracted to maintain the cover which consists of 1.) $5,000/year for cutting the grass, & 2.) $2,000/year for inspections and submitting a report to the TCEQ every 3rd year. 
 
Terracon Consulting has the data and reports to work with the new buyer to submit a change of use report to the TCEQ for development of the land. If you would like to speak to the consultant overseeing this property, please contact me directly at ktoney@tranzon.com or 713-816-1123 and I will provide the contact information.
 
IMPORTANT NOTE: If the bidding price equals or exceeds $350,000, the Seller will purchase and transfer the following $5,000,000 coverage insurance policy for environmental issues!
  • Ten Year Term
  • Coverage for pre-existing conditions for Bodily Injury, Proerty Damage, Defense, Cleanup
  • $5,000,000 / $5,000,000; $100,000 Deductible
 
PROPERTY HISTORY
The site was previously a Gulf Metals Industries property which was identified in the regulatory database as a Texas Commission on Environmental Quality (TCEQ) Superfund, Voluntary Cleanup Program (VCP), and Municipal Setting Designation (MSD) site. The site was deleted from the State Superfund registry on July 5, 2002. Prior to being deleted from the Registry, the facility was accepted in the VCP on July 11, 2002. The soil response action included solidification of approximately 15,000 cubic yards of contaminated material with Portland cement and covered with a 2-foot-thick clay landfill cap. The cap is under a post closure maintenance and inspection plan as part of the closure.
 
The TCEQ issued an MSD Certificate for the site in July 2011. The MSD prohibits the use of groundwater within the MSD boundary. 
 
A Conditional VCP Certificate of Completion was issued for the site in February 2012 based on the following restrictive covenant:
 
“Remedial actions performed at the site rely, at least in part, upon a physical control. Therefore, the removal or modification of the cap at the site is prohibited without prior written approval from TCEQ. The condition related to inspection and (if necessary) repair of the physical control present must be maintained. Removal or modification of this restrictive covenant is prohibited without prior written approval of the TCEQ.”
 
Based on the issuance of an MSD prohibiting the use of site groundwater and the issuance of a restrictive covenant, the closed VCP Gulf Metals site case constitutes a controlled recognized environmental condition (CREC) to the site.
 
On April 25, 2019 the TCEQ issued a letter to Terracon Consultants that the TCEQ accepts their conclusions, in a report entitled “Cap Inspection Report”, that no major issues were identified with the cap and adequate maintenance has occurred. Furthermore the TCEQ proposes CAP inspection reports every three years, rather than every year.
 
On March 8, 2012, the site received a Conditional Certificate of Completion
 
  • Approx. 15.85 AC’s or 690,426 SF of land
  • Location is near the intersection of Mykawa Rd & Almeda Genoa Rd 
  • Rail Line borders the entire west property line
  • Zoning: None
  • Topography: Grade level 
  • Utilities:
  •         o City Utilities in Street
  • Flood Hazard: None
  • 1600.27’ along rail line on Mykawa
  • 260.51’ Road Frontage along Telean Street
  • On-Site Detention in place
  • 4.7 Miles from William P. Hobby Airport
  • Room for expansion of multiple light industrial buildings or as an industrial business park
  • 2.6 Miles to State Highway 6
  • Greater Hobby Area: Hobby Airport is located at the center of this part of Southeast Houston. A rail line at the western edge of the community provides access for a number of large industrial facilities. 
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    Tranzon Asset Advisors of Texas LLC #9008058, Kelly D. Toney, TX Auctioneer #11818/

    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 Kelly Toney, CAI

    Kelly Toney, CAI: Tranzon Asset Advisors

    713-816-1123 ktoney@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.

    Print Terms and Conditions

    • Buyers Premium: 10% Buyers Premium based on the high bid.
    • Closing: 30-Day closing, sold in As-Is, Where-Is condition, no contingencies.
    • Deposit Amount: 10% deposit of the total sale price in guaranteed funds.
    • 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.

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