BANKRUPTCY SALE | HIGH-VALUE DEVELOPMENT OPPORTUNITIES
MULTIFAMILY, OFFICE, LAND, LUXURY SINGLE-FAMILY HOUSING & SHORT-TERM LODGING DEVELOPMENT OPPORTUNITIES IN MIAMI, FLORIDA & CRYSTAL LAKE, ILLINOIS
Qualified Bids
Bids are to be submitted to Hilco Real Estate as soon as possible. The subject properties are all in the US Bankruptcy Court of the Southern District of Florida and sales are subject to court approval.
Note: Bids can be made on multiple properties within Portfolio 2. If a bid is placed on multiple properties, your bid will need to specify a price for each property within the Asset Purchase Agreement.
The Properties are Available for Purchase Individually, in Any Combination, or in the Portfolio's Entirety. Exceptional Opportunity to Acquire High-Value Properties in Desirable Areas at Various Stages of Completion!
PROPERTIES AVAILABLE
PORTFOLIO 1 | ILLINOIS PROPERTIES
Crystal Lake Neighborhood
SOLD
402 Federal Drive
Crystal Lake, IL
7,700± SF Office
SOLD
4202 Three Oaks Road
Crystal Lake, IL
90,000± SF Development Land
MIAMI PROPERTIES | PORTFOLIO 2
Coconut Grove Neighborhood
SOLD
3200 Thomas Street
Miami, FL
.14± AC Development Land
SOLD
3310 Elizabeth Street
Miami, FL
.10± AC Development Land
Little Havana Neighborhood
5,400± SF Multifamily Land
6,750± AC Multifamily/Retail Land
Upper East Side Neighborhood
13,770± SF Multifamily Land
18,950± SF Multifamily Land
6,240± SF Multifamily Land
Illinois Properties
Crystal Lake Neighborhood
.43± AC Development Land
OFFER PROCEDURE
Offers are to be submitted to Hilco Real Estate as soon as possible. The subject properties are all in the U.S. Bankruptcy Court of the Southern District of Florida and sales are subject to court approval.
Process to submit an offer:
1) Submit your offer on the approved Asset Purchase Agreement located in our data room.
2) Include a 10% earnest money deposit with your offer, wiring instructions are in our data room, your earnest money is non-refundable if you are the final purchaser.
3) Include proof of funds or a noncontingent bank letter showing immediately available funds to complete the transaction.
All offers will immediately be reviewed with the Chief Restructuring Officer for this case to determine if they qualify for presentation to the bankruptcy court. Once qualified, your offer will be published and made subject to higher and better offers as part of the court ordered sale process. You will receive protections for being the first qualified offer such as, a small breakup fee if you are out bid, limited input on the bidding procedures, and the ability to over bid if you choose. All final purchasers will get clean title, free and clear of all liens.
Note: Offers can be made on multiple properties within Portfolio 1 or multiple properties within Portfolio 2, offers can not be made for multiple properties across the two portfolios. If you have interest in properties in both portfolio’s they will need to be submitted on separate Asset Purchase Agreements. Also, if an offer is placed on multiple properties within a portfolio, your offer will need to specify a price for each property within the Asset Purchase Agreement.
The information contained herein is subject to inspection and verification by all parties relying on it to formulate a bid. No liability for its inaccuracy, errors, or omissions, are assumed by the Sellers, their representatives or Broker. ALL SQUARE FOOTAGE,
ACREAGE AND DIMENSIONS CONTAINED HERE-IN ARE APPROXIMATE. This offering is subject to prior sale and may be withdrawn, modified or canceled without notice at any time. This is not a solicitation nor offering to residents of any state where this offering may be prohibited.
© 2021 Hilco Global, LLC.