NORTHBROOK, Ill., February 8, 2022 /PRNewswire/ — Hilco Real Estate, LLC Announces Offer Deadline for March 16, 2022 for the sale of this USDA certified 224,011 total square foot turnkey food processing facility to Lubbock, TXwhich sits on 16± acres with an additional 8± acres of undeveloped land.
Situated on three parcels, the site totals 16.38± acres (713,513 square feet), with over eight acres of excess land available for expansion. Situated in West Texasthis industrial food processing facility is strategically placed with transport links providing access throughout the south west and Mexico. Buyers can also reactivate an already existing rail spur, which improves logistical convenience. The facility offers 18,145 ± square feet of refrigerated storage space, 30 foot unobstructed freezer heights with pallet stacking, 36,587 ± square feet of dry storage warehouse space with dock loading, 57 435 ± square feet of freezer dock space and 44% total cold storage capacity. Also on site is an abundance of machinery used by the former food processing operator. Ideally, the continued use of this list is a food processing facility, but it can also be used for other purposes including food distribution and industrial warehousing.
Lubbock, TX is a city of approximately 260,000 people located in the southern plains region of Texas. Its MSA is composed of Lubbock and Crosby Counties and often referred to as “Hub City”. Lubbock attracts businesses from all major cities Texas and along the border states of New Mexico, Oklahoma, Arkansas and Louisiana and enjoys a strong diversified economy based on agriculture, manufacturing, wholesale and retail trade, government, education and healthcare. The main employers of Lubbock include AT&T, Reese Technology Center and Lubbock County. Additionally, the city is part of the largest contiguous cotton-growing region in the world and is conveniently located above the Ogallala Aquifer, one of the largest aquifers in the world, which runs through the city. House of Texas University of Technologycurrently home to over 40,000 students and 1,800± employees, the city continues to thrive for its charm and hospitality.
Chet Evans, Vice President of Hilco Real Estate, said, “This sale represents an exceptional turnkey opportunity close to several major highways, highways and railroads. It is a great option for food operators looking to expand or relocate for large blocks of square foot use. He added: “There is a huge upside for investors to buy at a bargain price and add value through further efforts.”
For more information on how to view the property and to schedule site visits, please contact Chet Evans at (847) 418-2702 or [email protected] or Adam ZimmermanMAY at (847) 504-2461 or [email protected]
For more information about the property, an explanation of the sale process, bidding procedures, or to obtain access to the property’s due diligence documents, please visit HilcoRealEstate.com or call (855) 755-2300.
About Hilco Real Estate
Hilco Real Estate (“HRE”), a Hilco Global company (HilcoGlobal.com), is headquartered in Northbrook, Ill. (UNITED STATES). HRE is a national provider of strategic real estate disposal services. Acting as agent or principal, HRE uses its experience to advise and execute strategies to help clients derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies and techniques, an aggressive repositioning and restructuring experience, an extensive and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations. , even in the most complex transactions.
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SOURCE Hilco Real Estate