19,400+ s.f. Office/Warehouse Space – Airport Area

memphis commercial building

19,400± s.f. Office/Warehouse – Airport Area


PROPERTY DETAILS

19,400± s.f. Office/Warehouse – Airport Area

After 45 years, Norrell Plastics has decided to close its business. This property has never been on the market and will be sold to the highest acceptable bidder. All of the equipment, office furniture, tools, machinery and inventory will be sold immediately after the real estate is sold. Don’t miss this opportunity to buy at your price! The downstairs floor contains 7 offices with a large open receptionist area and a men’s and women’s bathroom. The upstairs has 3 large workshop rooms with a large common area and one bathroom.

Features:

First Time Ever On The Market
New roof installed on warehouse December 2014
One owner for the last 45 years
19,400± s.f. Building
14,000± s.f. Warehouse
5,400± s.f. Office (approx. 2,115 s.f. down and 3,290 s.f. up)
1,175 +/- s.f. Covered dock high docking area
Warehous heated by an Infared Vacuum Radiant heat system by Roberts Gordon
Brick veneer in the front
20′ Clear Ceiling Height
18′ drive through ground level door in the rear
1.1± Acre Lot
Covered dock height unloading in the front
Drive through door in the rear
Fenced in rear yard
Built 1972
32 Skylights in the warehouse, lighting not needed during the day
Heavy electric service (see photos)
Excellent airport location near FedEx and other airlines
Zoned EMP
Parcel ID: 073006 A00011C

Click Here To View Tools, Equipment, & Inventory
Bid Deposit: 10% of Your Bid
Bid Deposits will be accepted in the form of cash, cashiers checks or personal check with a bank letter guaranteeing the amount or a combination of these payment types. Please make the cashier’s check(s) payable to yourself. In the event that you are the high bidder, you will simply endorse the check to Morris Auction Group as a non-refundable bid deposit. In the event you are not the high bidder, your cashier’s check will be returned to you, and you may simply deposit it into your account. The high bidder will pay the Bid Deposit upon signing the sales contract at the auction.

Inspection
All inspections must be done prior to the auction date. Inspection Dates are published on our website. You may hire your own inspector at your expense to inspect the property. Call our office to make an appointment for the inspector to visit the property at least twenty-four (24) hours in advance. Please do not bid on any property until you have thoroughly inspected the property.

No Contingencies
All auction properties are sold in “as is” condition. No purchase shall be contingent on financing or any other contingencies. Potential buyers are given ample time to inspect properties prior to auction. Terms and conditions are preset and non-negotiable.

Buyer’s Premium
A buyer’s premium of ten percent (10%)will be added to the high bid to determine the total price to be paid.

Broker Participation
All licensed real estate brokers are encouraged to participate by bringing your buyers to the auction. A commission will be paid to the licensed and qualified broker whose properly registered buyer is the successful bidder at the auction, and whose buyer purchases the property. Brokers must register their prospective buyer on the required Broker Participation Form (completely filled out and signed). The form may be obtained by calling 901-565-7770. This form must be submitted to Morris Auction Group no later than 24 hours prior to the Auction.

Closing
The successful bidder will sign a real estate sales contract at the auction. The entire purchase price must be paid by Cashier’s or Certified Check, or wired funds at closing. The closing shall take place not later than thirty (30) days after the auction. Closing attorney for both parties and place of closing is:
Ray Beliles
1709 Kirby Pkwy
Memphis TN 38120
901-755-5400

AUCTION DETAILS

  • Selling On Site
  • 3496 Winhoma Dr. Lot 11 Memphis, TN 38118
  • SOLD

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CONTACT US

Have questions or want to bid on this auction? Please feel free to contact us to discuss your specific needs. We look forward to hearing from you!