LENDER DIRECTS IMMEDIATE SALE
Sold Via Assignment for the Benefit of Creditors
Offer Deadline: March 11 by 5:00 p.m. (PT)
On-Site Inspections: February 10, 11, 18 & 19, and March 4 & 5, By Appointment Only
Hilco Real Estate Sales and Murray Wise Associates are pleased to offer this former tulip farm with ample redevelopment opportunities, currently leased to a variety of good credit tenants. Situated at the edge of Arcata, CA, within Humboldt County’s jurisdiction, this property provides users or developers with multiple opportunities, including continuing leasing it to various tenants, utilizing it for their own operations or redeveloping it entirely.
The property consists of a 418,000± SF industrial building, 48,000± SF of which is non-food-grade cold storage, on 191 ± AC of land. Currently, 30 AC of land is leased to Driscoll’s Berries, 25 AC to First Power Solar and portions of the industrial building are leased to Sierra Madre Mushrooms and Driscoll's Berries.
The property has excellent connectivity for shipping purposes, as it is located one and a half miles from U.S. 101 and nine and a half miles from the Arcata–Eureka Airport. The Port of Humbolt Bay is also less than an hour away, allowing access to Northern California’s only deepwater port. Future owners or investors can take advantage of this bank-directed sale to establish a new operation or capitalize on existing leases.
Hilco Real Estate CA, Inc. License ID #02104676, in cooperation with Assignee Steven M. Spector.