2 Absolute Auctions: East Boston & Marlborough, MA - Per Order of the Commonwealth of MA Division of Capital Asset Management

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2 Absolute Auctions of Industrial & Commercial Land in East Boston & Marlborough, MA: Per Order of the Commonwealth of MA Division of Capital Asset Management - Surplus Real Estate Selling to the Highest Bidder, Regardless of Price

JJManning Auctioneers is proud to offer two Absolute Auctions per order of the Commeonwealth of MA Division of Capital Asset Management (DCAM). This is surplus real estate selling to the highest bidder, regardless of price. The Auction will take place Monday, January 24, 2011 at 12:00pm at "The Westin Waltham-Boston" located at 70 Third St., Waltham, MA. Individuals may bid live on-site or online.

The first property, formerly "MWRA Maintenance," is located at 20 Addison St. and 600 Chelsea St., East Boston, MA. This is a total of 1.6 acres of industrial land with buildings at Chelsea Bridge. 20 Addison St. has 1.42 acres along the U.S. Pier and Bulkhead Line of the Chelsea Creek with a 19,000 sf. brick building with a granite foundation. It's eligible for inclusion in the National Register. It was last used for machine and trade shops and vehicle garaging. It has a concrete and granite seawall plus paved parking for about 12 cars. 600 Chelsea St. is .17 acres with a 1,000 sf. 1-story brick building. Property tours are scheduled for Thursday, January 13, 2011 from 10:00am-12:00pm.

The second property, formerly an RMV office, is located at 525 Maple St. (Route 85), Marlborough, MA. This is .95 acres of commercial land with a 3,400 sf., 1-story round office building built c. 1960's on a concrete slab. The triangular lot has ample paved parking at the intersection of Mill St. and Maple St. with a curb cut on each. The property is near the Southborough town line with easy access to Routes 20, I-495 and I-290. Property tours are scheduled for Thursday, January 13, 2011 from 1:30pm-3:30pm.

The terms of sale include a 10% deposit of which $10,000 per property must be presented in cash, certified or bank check. The remainder of the 10% deposit is due in personal or business check at the auction. The balance is due in 60 days. A 10% Buyer's Premium will be added. Other terms, if any, will be announced at the sale. Online bidding terms and 2% buyer’s broker commission terms are available on the JJManning website.

Auction: Monday, January 24, 2011 at 12:00pm
Auction Location: "The Westin Waltham-Boston" located at 70 Third St., Waltham, MA.

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JUSTIN MANNING
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