SVN Motleys coordinating foreclosure sale of self storage facilities in New Church, Virginia
SVN Motleys currently accepting registrations to bid on property to be sold September 26
NEW CHURCH, Va. (September 11, 2018) — SVN/Motleys, in conjunction with Fortis Trustee Foreclosure Services, is coordinating the accelerated foreclosure sale of a self-storage facility at 7223 Coardtown Road in New Church, Virginia. The Class 5 storage facility contains approximately 222 units.
The foreclosure auction will take place Sept. 26 at 3 p.m. at Accomack Circuit Court, 23316 Courthouse Avenue in Accomack, VA 23301. The property was appraised at $1.03 million (2015). Register to bid here.
The property’s storage facilities are steel-frame construction, with corrugated metal wall panels and a metal roof. It rests on a concrete slab. The storage units range in size from 50 to 300 square feet and an average height of eight feet. Each is accessible via a garage-style rollup door.
A manufactured house onsite containing nearly 2,400 square feet serves as an office and owner’s residence.
“This is a great opportunity for someone who wants to acquire a property with plenty of storage buildings already in place and offers investors a value-add opportunity,” said Richard Bryan, advisor and director of real estate operations for SVN/Motleys. “The property is sizeable and has 11 buildings totaling more than 26,000 square feet – a lot of room.”
A chain link fence and three drive-through gates secure the facility. One of the gates allows tenants 24-hour access with coded access.
Comprising the 9.65-acre property are three contiguous parcels, each with its own property assessment record. All are zoned for general business and agricultural by Accomack County.
SVN/Motleys is a founding member of SVN Accelerated Services.
About SVN Auction Services
SVN Auction Services is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional auction advisors throughout the United States SVN Accelerated Sales is a provider of date-specific sales and special asset solutions. It encompasses an elite group of local and regional accelerated marketing advisors throughout the United States who specialize in accelerated marketing services for commercial real estate assets. SVN Accelerated Sales offers the industry’s most comprehensive spectrum of auction solutions — from rapid asset resolution and 30-day countdown asset sales to wide area and high impact/high promotion events. As part of one of the most recognized and reputable commercial real estate firms in the industry, SVN Accelerated Sales is supported by SVN International, which features 200 locations serving more than 500 markets. This relationship provides outstanding opportunities for SVN Accelerated Sales to serve clients needing to move assets in accelerated timeframes and creates significant value for buyers and sellers.
Richard Bryan, advisor and director of real estate operations, SVN/Motleys,
804-655-2412 / [email protected]
Ken Zeszutko, Z Corp. PR,
321-213-1818 / [email protected]