“This is a great investment opportunity. It is a well-located property with an absolute triple net lease until December 31, 2015,” said Diana Peterson, executive vice president of Chicago-based Auctions by ATG.
Chicago, IL (PRWEB) November 04, 2013
Auctions by ATG has announced the firm will host an online real estate auction on November 12, featuring four Chicago-area properties. The auction will begin at 9 a.m., but the firm is currently taking pre-auction bids on these properties, including a restaurant building in suburban Naperville, Ill. with an absolute triple net lease.
Located on a high traffic, high visibility stretch of Odgen Ave., the auction’s showpiece property features a 10,405-square-foot restaurant building leased by Chuck E. Cheese.
“This is a great investment opportunity. It is a well-located property with an absolute triple net lease until December 31, 2015,” said Diana Peterson, executive vice president of Chicago-based Auctions by ATG. “The tenant is responsible for all costs of taxes and maintenance and pays an annual rent of $195,515.25.”
The suggested opening bid for this property is $1.8 million.
Other properties in the auction include a 25,000-square-foot industrial/warehouse facility on West Armitage Avenue in Chicago’s Central and Armitage industrial district; an automotive/retail property in South Holland, Ill; and a two-bed, one-bath single-family residential home in Maple Park, Ill.
Pre-auction bids are encouraged, as the properties will likely sell pre-auction and may close in 30 days or less, said Peterson.
“Auctions by ATG has achieved great success in pre-auction sales,” Peterson said. “Our May 31 auction yielded $1.88 million in pre-auction sales alone.”
Interested parties should visit http://www.auctionsbyatg.com to register to bid and join the mailing list to receive upcoming online real estate auction notices.
Launched in 2012, Chicago-based Auctions by ATG, a provider of live and online real estate auctions, is a wholly-owned subsidiary of Chicago-based Attorneys’ Title Guaranty Fund, Inc.
About Auctions by ATG
Auctions by ATG, a wholly-owned subsidiary of Chicago-based Attorneys’ Title Guaranty Fund, Inc., is a provider of live and online real estate auctions. The firm offers multiple residential and commercial platforms including: REOs, short sales, luxury homes and other properties, developer units, notes and bulk sales. To its lender, servicer, and other seller clients, Auctions by ATG provides a more cost effective, quick and professional auction platform than its competitors. To investors and home buyers, Auctions by ATG offers: property at attractive prices; a professional and transparent bidding process; and access to substantial property and title research.
For more information about Auctions by ATG, visit the firm’s website, http://auctionsbyatg.com/.
To learn more about Attorneys’ Title Guaranty Fund, Inc., please visit http://www.atgf.com/.
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For more information or to schedule an interview, contact Mark Thomton at (312) 267-4523 or mthomton(at)taylorjohnson(dot)com.
Auctions by ATG’s upcoming November 12 auction will feature a restaurant property in Naperville, Ill., which is currently leased to national chain Chuck E. Cheese.