SVN/Motleys coordinating accelerated sales of four bank properties in Virginia, North Carolina

Properties have been ordered sold and closed by end of 2018

Richmond, Virginia (October 8, 2018) — SVN/Motleys, in conjunction with Cushman & Wakefield | Thalhimer and Cross Realty, is coordinating the sale of four properties owned by Union Bank & Trust, including a bank branch/office/retail building, a bank operations facility, a bank/office/operations center, as well as a 2.68-acre tract of land zoned for commercial use. All four sales will take place on Thursday, November 8, 2018.

The first property for sale is the bank/office/operations center located at 204 Carmichael Way, Chesapeake, Virginia. Constructed in 2008, this two-story building is located within Edinburg Commons and features four drive-through lanes, an elevator, sprinkler system and many other amenities. It is highly visible off SR 168 and totals 10,660 square feet. Register to make an offer here for the accelerated sale that will be ending at 11 a.m. on Nov. 8.

The bank branch/office/retail building located at 100 Bosley Ave., Suffolk, Virginia, is the second property for sale. It contains four private offices and nearly 2,600 square feet. Everything is still in place at this branch building: the vault, safe-deposit boxes, teller safes and drive-through equipment. The buyer can readily convert this into office or retail space for a business in downtown Suffolk. The accelerated sale is scheduled to end at 2 p.m. on Nov. 8. Register to make an offer here.

The third property, a bank operations facility that was constructed in 2005 in Elizabeth City, North Carolina, is available via Sealed Bid Sale, with bids also due on Nov. 8 by 4 p.m. This property is located at 112 Corporate Dr., inside the Pasquotank Commerce Park, and totals 24,506 square feet on an 8.58-acre site just north of downtown Elizabeth City. For more information on this property or to make an offer, click here.

“This building is in exceptionally good condition,” said Richard Bryan, Advisor and Director of Real Estate Operations for SVN/Motleys. “There’s a safe, corporate boardroom, computer lab, training room, kitchen with dining area, a wet sprinkler system and more than 100 parking spaces – an excellent facility for a business in need of a headquarters or an operations building.”

The fourth property is 2.68-acre tract of land along Richmond Highway (RT 360) in Tappahannock, Virginia. Zoned for commercial use, the land has more than 450 feet of road frontage and is approximately three miles from the Tappahannock-Essex County Airport. This property is being offered via Sealed Bid Sale and bids are due on Nov. 8 by 4 p.m. For more information on this property or to make an offer, click here.

Interested parties may submit their sealed bids for the properties in Elizabeth City and Tappahannock via email to Bryan at rbryan@svn.com, or to SVN/Motleys Senior Advisor Tim Dudley, CAI, AARE, at tdudley@svn.com.

“These three buildings are all outstanding opportunities for businesses that wish to acquire a facility in good condition, something they can repurpose and occupy quickly,” Dudley said.

SVN/Motleys is a founding member of SVN Accelerated Services.

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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.

Contact

Richard Bryan, Advisor and Director of Real Estate Operations, SVN/Motleys, 804-655-2412 / rbryan@svn.com
Ken Zeszutko, Z Corp. PR, 321-213-1818 / kenz@zcorppr.com

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