Bankruptcy Auction Underway for Large Unit Sized Self-Storage Property in Albuquerque – Selling to Highest Bidder

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SVN Auction Services’ Louis Fisher leads auction on 59-unit Stormax USA property catering to area businesses; Written bids due by Nov. 21

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StorMax USA Auction in Albuquerque, NM

We anticipate this will be a much sought-after property as little marketing was needed to attract tenants and keep the property near capacity, explained Fisher.

SVN Auction Services’ Louis B. Fisher III, CAI, is leading the auction efforts of the Stormax USA self-storage property in Albuquerque. Catering to area businesses and the local community, the 52,887 square-foot property features 59 large units and is currently 90 percent occupied and will Sell to the Highest Bidder per the court order.

Written bids are due Nov. 21, with the live auction scheduled for Nov. 24. For more information, visit http://www.StormaxUSAauction.com.

The large sized units feature 14- to 20-foot ceiling heights and are perfect for contractors and other trade professionals to store materials or for dry storage of large furniture and vehicles. The property also features a 7,200-square foot warehouse that can be available for rent or can be refurbished into 10 - 12 full-sized units.

In addition, the Stormax USA property is equipped with around-the-clock secured access, a 14-camera security system and security fencing.

“We anticipate this will be a much sought-after property as little marketing was needed to attract tenants and keep the property near capacity,” explained Fisher. “In addition, the security systems in place and the size of the units make it well-suited for the growing, area business community and local residents.”

An experienced auction and commercial real estate professional, Fisher earned the assignment from the United States Bankruptcy Court for the District of New Mexico. He is working closely with SVN | Realstar Advisors’ David Laney on the coordination and marketing of this highly anticipated auction event.

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About Sperry Van Ness Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States who specialize in areas such as foreclosures, tax sales, multi-properties and bankruptcies. SVN Auction Services offers the industry’s most comprehensive spectrum of auction solutions—from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Auction Services is supported by SVN International’s more than 800 commercial real estate advisors throughout the nation. This relationship provides outstanding opportunities for SVN Auction Services to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers. For more information, visit SVN Auction Services.

Contact
Louis B. Fisher III, CAI | National Director
SVN Auction Services, LLC
954.931.0592
fisherl(at)svn(dot)com

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