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Mixed Use Commercial Building in Georgia

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Mixed Use Commercial Building in Georgia



Price: $10,000,000.00


Other Item Info
Item #: ganbke_1035093
Created: 06/26/2019
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Location: Atlanta, Georgia
Sale Date: Mon. Jul 22, 2019
Seller Info
Lisa M Wolgast
Trustee's Attorney
3343 Peachtree Street, 1600 Atlanta Fina
Atlanta, GA 30326
(404) 233-7000
Bankruptcy Info
Case #: 1:15-bk-58440
Case Title: Bay Circle Properties, LLC and Nilhan Developers, LLC
Court: Georgia Northern Bankruptcy Court
Chapter: 11
View Case Docket

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Real Estate Location

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2800 Spring Road
Atlanta, GA,

Description

Sale of mixed use commercial building containing approximately 8.7 acres located at 2800, 2810, 2812 and 2814 Spring Road, Atlanta, Cobb County, Georgia, also known as "Emerson Center".

Legal Description: All that tract or parcel of land lying and being located in Land Lots 880 and 881, of the 17th District, 2nd Section, Cobb County, Georgia, and being more particularly described as follows: BEGINNING at an iron pin found (#4 rebar) located on the southeasterly right-of-way of Spring Road (AKA New Spring Road (Variable Right-of-Way), said iron pin being located 299.60 feet from the intersection of the said southeasterly right-of-way of Spring Road and the easterly right-of-way of Hargrove Road (80' Right-of-Way as measured in a northeasterly direction along and following the said southerly right-of-way of Spring Road, having thus established the TRUE POINT OF BEGINNING, leaving said iron pin and running N53°02'30"E along the northeasterly right-of-way of Spring Road for a distance of 64.75 feet to an iron pin found (#4 rebar); thence running S36°57'30"E and continuing along the southeasterly right-of-way of New Spring Road for a distance of 50.00 feet to an iron pin found (#4 rebar); thence running N52°57'11"E and continuing along the southeasterly rightof- way of Spring Road for a distance 347.95 feet to an iron pin found (#4 rebar); thence\ leaving said right-of-way and running S37°03'13"E for a distance of 198.58 feet to an iron pin found (#4 rebar); thence running N52°56'47"E for a distance of251.89 feet to an iron pin found (#4 rebar); thence running S36°58'42"E for a distance of 445.13 feet to an iron pin found (#4 rebar) located on the northwesterly right-of-way of Interstate 285 (Variable Rightof- Way); thence running S27°58'56"W along the northwesterly right-of-way of Interstate 285 for a distance of 527.06 feet to an iron pin found (#4 rebar) located on the northeasterly rightof- way of Spring Hill Parkway (flea Curtis Drive) (Variable Right-of-Way); thence leaving said Interstate 285 right-of-way and running N68°37'31"W along the northeasterly right-ofway of Spring Hill Parkway for a distance of 188.47 feet to an iron pin found (#4 rebar); thence leaving said right-of-way and running N20°27'53"E for a distance of 208.75 feet to an iron pin found (#4 rebar); thence running N69°38'24"W for a distance of 208.85 feet to an iron pin found (#4 rebar); thence running N69°33'57"W for a distance of 218.39 feet to an iron pin found (#4 rebar); thence running N20°26'02"E for a distance of 20.00 feet to an iron pin found (#4 rebar); thence running N69°58'41"W for a distance of 25.87 feet to an iron pin found (#4 rebar); thence running N62°32'07"W for a distance of 115.80 feet to an iron pin found (#4 rebar); thence running N43°06'18"W for a distance of 48.39 feet to an iron pin found (#4 rebar); thence running N26°25'37"W for a distance of 100.09 feet to an iron pin found (#4 rebar) located on the southeasterly right-of-way of Spring Road which is the TRUE POINT OF BEGINNING. Said tract contains 8.709 acres (379,343 sq. ft.).


Sale Location

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3343 Peachtree Road, NE
Atlanta, GA, 30326

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Sale Hearing Held on July 24, 2019.
  3. Initial Overbid Amount: (1) the consideration payable by Habersham Partners, LLC under the Agreement plus; (2) cash in amount equal to $250,000.00, plus $20,000 (the amount of the Expense Reimbursement);
  4. Bid Deadline: July 19, 2019


Other Information

Terms and Conditions:

See Attached.


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