United States Bankruptcy Auction of 2 Prime Commercial Properties
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United States Bankruptcy Auction of 2 Prime Commercial Properties

The Trustee has Secured a Stalking Horse Bid of $1,825,000. The Property will be offered free and clear of all liens and claims to the highest and best bidder at or above a bid price of $1,875,000 plus a 5% Buyer’s Premium. The Final Bid Price will be subject to the approval of the Bankruptcy Court via a Sale Hearing scheduled for Thursday, July 29, 2021 at 2 PM ET.

SOLD FOR $2,861,250!

Fisher Auction Company is pleased to present via Online Auction Two Contiguous Prime Commercial Properties on South Federal Highway in Dania Beach, Florida

PROPERTY HIGHLIGHTS
• Large 29,833± SF City Block with Excellent Exposure on Federal Highway
• 2,582± SF Two Unit Retail Building (Currently Leased) at 1101-1103 S Federal Highway
• 6,920± SF Dance Club / Restaurant Building at 1121 S Federal Highway
• Located between SE 11 Street and SE 12 Street on Federal Highway in rapidly redeveloping Dania Beach, Florida
• Close Proximity to Recent Commercial, Retail and Residential Development
• Contiguous Properties with Prime Location for Redevelopment or Upside Rent Potential
• Easy access to Major Thoroughfares, I-95 and Fort Lauderdale International Airport
• Perfect Opportunity for End User to Occupy one Property and Lease other

 

For More Information Please Email - info@fisherauction.com

 

United States Bankruptcy Court, Southern District of Florida Fort Lauderdale Division  

Chapter 11 Bankruptcy Case: Case No. 21-12382-PDR

This is a Contract entered into by and between the Bidder (“Bidder”) and Fisher Auction Company.

  1. All registration information the Bidder provides to Fisher Auction Company shall be current, complete, and accurate. Bidder must be 21 years of age or older. Bidder agrees not to use any device, software or routine to interfere or attempt to interfere with the proper working of any transaction being conducted during this Online Auction.
  2. Bidder agrees not to retract its offer(s). The successful Bidder is legally bound to purchase the Property awarded in accordance with his / her bid, the Asset Purchase Agreement and all other Federal and State Regulations governing contracts for the purchase of real property, including but not limited to Federal Bankruptcy Court Order(s) and the Bid Procedures listed within such Order. Unilateral conditions asserted by any Bidder will not be accepted. There will be a 5% Buyer’s Premium which the Purchaser must pay at Closing, in addition to the Purchase Price.
  3. Fisher Auction Company, the Federal Bankruptcy Court and the Trustee reserve the right, for any reason, in their sole discretion, to terminate, change or suspend any aspect of this Online Auction.
  4. Disputes Between Bidders - If a dispute arises between two or more Bidders, Fisher Auction Company, the Federal Bankruptcy Court and the Trustee reserve the right to reopen the bidding. The Trustee, acting in consultation with the Auctioneer, reserves the right to determine whether to accept the highest and best bid from the Auction. The Trustee’s designation of the Successful Bidder shall be final with the sale subject to Federal Bankruptcy Court Approval.
  5. Termination: This Contract constitutes a binding agreement between Bidder and Fisher Auction Company until terminated by Fisher Auction Company, which Fisher Auction Company, may do at any time, without notice, in Fisher Auction Company’s sole discretion. If Bidder dissatisfaction occurs with this Online Auction in any way, Bidder’s only recourse is to immediately discontinue use of this Online Auction. Fisher Auction Company reserves the right to terminate Bidder registration and use of this Online Auction and impose limits on certain features of this Online Auction or restrict Bidder access to, or use of, part or the entire Online Auction without notice or penalty.
  6. Hold Harmless – Fisher Auction Company cannot, and will not, be held responsible for any interruption in service, errors, and/or omissions, caused by any means, therefore they cannot guarantee continual, uninterrupted or error free service as the website could be interfered with by means out of Fisher Auction Company’s control. Bidder acknowledges that this Online Auction is conducted electronically and relies on hardware and software that may malfunction without warning. Fisher Auction Company may void any sale, temporarily suspend bidding, extend bidding times and/or re-sell the Property that was affected by any malfunction. The decision of Fisher Auction Company is final.
  7. Required Escrow Deposit – In order to be fully and properly registered for this Online Auction, Bidder has wired into Genovese Joblove & Battista, P.A.’s Trust Account (the “Escrow Agent”), a $100,000 initial escrow deposit no later than 5:00 PM Eastern Time on Monday, July 26, 2021, as well as submitted the required forms referenced within the Instructions for Bidder Qualification Package. All wired deposits have been verified by Fisher Auction Company.
  8. Property Inspection: The Bidder is invited, urged and cautioned to inspect the Property prior to submitting any bid. Failure to inspect the Property shall not constitute cause for cancellation of sale.
  9. OFFICE OF FOREIGN ASSETS CONTROL (OFAC) COMPLIANCE: All bidders are subject to providing appropriate government identification that includes full legal name and date of birth. In addition, all bidders are subject to being required to disclose their place of birth. By providing this information bidders agree to allow Seller to perform a search of the Specially Designated Nationals List, Blocked Persons List and Sanctioned Country List provided by the United States Office of Foreign Assets Control. Seller reserves the right to reject any bidder from registration after this search has been completed. By registering all bidders agree to abide by all of the Terms of Sale.
  10. The Bidder agrees that, should they be the successful Bidder on the Property, all information regarding the transaction may be published on Fisher Auction Company’s web site per the Electronic Freedom of Information Act Amendments of 1996 (5 U.S.C. 522(2000).


I hereby acknowledge and accept the above terms of this Online Bidding Contract and agree to comply with same.