We are pleased to be working with a Community Bank to assist them in their need to efficiently dispose of these two REO properties. With attractive financing available, Investors can seize the opportunity and their ultimate ROI.
Miami, FL (PRWEB) March 8, 2010
Colliers Abood Wood-Fay Commercial Real Estate Brokers, along with AmeriBid FL, LLC are holding an FDIC Insured Bank Foreclosure Auction on March 16, 2010, at the Miami Marriott Biscayne Bay. The two commercial properties are a 14,000+ SF commercial building with frontage on Indian Creek Drive, Dickens Avenue and the Tatum Waterway in Miami Beach, Florida; and an 11,700+ SF corner land parcel, located between the east / west corridors of SW 8th Street and Flagler in Miami, Florida. Both properties have Bank Financing available, which is unusual and important in today’s market.
The commercial building, zoned CD, was formerly a Temple located at 7141 Indian Creek Drive in Miami Beach, Florida 33141. There are scheduled previews at this location on Friday March 5 from 10am to 12pm; Friday, March 12 from 12pm to 2pm and Monday, March 15 from 10am to 12pm. This property has a minimum bid of $900,000. We are pleased to be working with a Community Bank to assist them in their need to efficiently dispose of these two REO properties. With attractive financing available, Investors can seize the opportunity and their ultimate ROI
The vacant land parcel, located at 435 SW 12th Avenue in Miami, Florida 33130, is zoned SD – 14 (Commercial Residential District) and was formerly a restaurant. Interested purchasers can drive by and inspect at your convenience. The land parcel has a minimum bid of $350,000.
The auction will be held at the Miami Marriott Biscayne Bay at 1633 North Bayshore Drive, Miami, Florida at 11:00am on Tuesday, March 16, 2010. Potential Bidders with their cashier’s checks can register beginning at 10:30am.
Michael T. Fay, President of Colliers Abood Wood-Fay, comments, “We are pleased to be working with a Community Bank to assist them in their need to efficiently dispose of these two REO properties. With attractive financing available, Investors can seize the opportunity and their ultimate ROI.”
Colliers Abood Wood-Fay, located in Coral Gables, Florida, is a premier commercial real estate brokerage firm, specializing in advisory services, property management, acquisitions, finance, distressed property, automotive, project development and receivership solutions for domestic and international clients. They are independently owned and operated and an affiliate member firm of Colliers International, one of the largest commercial real estate firms in the world with $1.6 billion in revenue, $48 billion in transaction volume and over 1.1 billion SF under management. Visit them at http://www.colliersawf.com .
AmeriBid FL, LLC, is an accelerated asset disposition firm located in North Miami, Florida. Principals have collectively sold more than 150,000 properties for financial institutions, government agencies, REITs, hedge funds and the Bankruptcy Courts. They have worked for HUD, Fannie Mae, FDIC, RTC, GSA and hundreds of lenders. For particulars about the auction, please visit http://www.ameribid.com .
Director of Marketing and Publications
Colliers Abood Wood-Fay
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