Bankruptcy Auction – New Industrial Development

Link Representative For Property
Affiliated Company
Address

3155 State Route 45 N Mayfield Kentucky 42066

Building/Land Information
Property Type
Industrial
Property Subtype
Warehouse/Distribution
Lot Size Acres
34.00
Market
Mayfield
Submarket
Paducah
Location Description
Mayfield, KY
Auction
Auction Date
Auction Time
4:00 PM CT
Auction Location
Deliver Qualified Sealed Bids to 1108A North Dixie Avenue, Elizabethtown, KY 42701

Sale Information

Sale Description
Bankruptcy Auction – New Industrial Development

• Premier, Partially Completed (existing structures), State-of-the-Art Industrial Complex on 34 acres
• Tremendous Location off I-69 with Access to over 60% of USA Population in 24 Hours or Less
• 87,394 gross sq. ft. in Four Flexible-Use Buildings – High Eve Heights – Electric Sub-Station Adjacent
• Clear Span Ceilings Range from 30’ to 45’ – Shipping & Drive-thru Access from 12’ to 20’
• Suitable for Manufacturing, Logistics, Agriculture, Transfer and Warehousing
• Single or Multi-Tenant Flexibility or Expand on Prepped Site for Owner-User & Leasehold
• Custom Design-Build Tilt-Wall Exterior w/Reinforced Concrete – High Energy Efficiency Rating
• Significant Utility Service to the Buildings & Site – 24” Natural Gas Spur Line, 440/3 Phase Electric, Municipal Sewer & Water Service
• Appraised As-Is – 2020 for over $12,000,000 – Land Alone $1.2 million
• Site Prepped for Expansion of Additional Six Buildings plus Parking, Transportation & Encircling Access Roadway, Trucking Hold Area and Additional Features
• Drive-In/Grade Level Doors: 24 | Dock High Doors: 2
• Millions in Improvements Already Invested in Site – Instant Equity & Finish to Suit
• Clear Title Guaranteed by U.S. Bankruptcy Court Order
• Access to 2 roadways – US 45 North & Ky 1276 – Only 30 seconds to Interstate 69
• Strong Right-to-Work Labor Market, Barge/River Shipping Nearby, Economic Incentives Available
• Approx. 2 hrs to Nashville, 2.5 hrs Memphis, 3.24 hrs Louisville
• No Minimums – No Reserves – Selling to Highest/Best Bidder per U.S. Bankruptcy Court Ordered Sale
• Qualified Sealed Bids Due January 24, 2024
• Sale Process Approved per U.S. Bankruptcy Court – Western District of Kentucky Case No. 23-50409-acs

Qualified Sealed Bids are due by January 24, 2024 at 4:00 pm CST. If there are multiple bids submitted, a live auction will occur on January 31, 2024 at WK&T Tech Park, 100 WK&T Technology Park, Bldg. 800, Mayfield, KY 42066, and (b) via a virtual platform, such as Zoom or GoToMeeting. Please deliver your Qualified Sealed Bids to: Tranzon Tranzon Asset Advisors, 1108A North Dixie Avenue, Elizabethtown, Kentucky 42701 or contact Kelly Toney at 888-791-7307 ext. 808 or ktoney@tranzon.com .


Tranzon Asset Advisors, Edward D. Durnil, KY Auctioneer/Broker #P1734
U.S. Bankruptcy Court for the Western District of Kentucky Paducah Division Estate of the Industrial Authority of Mayfield-Graves County
Chapter 11 – WDKY- Case No. 23-50409-acs
Please read the Court Order for the terms of the sale.


Qualified Sealed Bids are due by January 24th at 4:00 pm CT

Property Address: 3155 Route 45 North, Mayfield, KY 42066

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** Information contained in this CRE Collaborative Inc. Property Page has been compiled from various sources, all of which may not be completely accurate. CRE Collaborative Inc. makes no warranty or representation as to the accuracy of this information. All information that influences a decision to transact any property should be independently verified by all parties. All rights reserved. **

 

 

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