LOS ANGELES--(BUSINESS WIRE)--Heritage Zetabid Realty & Auction Services, a division of Heritage Global Inc., today announced the sale at public auction of the Vineland Kosher Poultry Plant at 1100 South Mill Road in Vineland, NJ. The 30-acre site features over 55,000 square feet of industrial space and comes equipped with a fully-functional poultry processing plant and all machinery intact. The site is USDA approved and holds major waste water and supply water permits.
The online auction is scheduled to take place March 1st through March 10th, 2016 and will be conducted at www.zetabid.com. The starting bid for the plant, including all food processing equipment, is $999,999. The starting bid for the real estate alone is $699,000.
“With the plant’s machinery alone valued at over $500,000, this sale presents a compelling opportunity for bidders to purchase and operate a turnkey poultry processing facility at a fraction of the typical start-up costs. The real estate alone holds tremendous value, with a starting bid of less than $25,000 per acre, or $0.50 per square foot,” says Michael Davin, Managing Director of Heritage Zetabid Realty & Auction Services.
Buyers must register in advance to obtain due diligence information. As always, broker cooperation is welcomed with a 3% fee available to qualified brokers representing their client. Site tours may be arranged with 48 hours advanced notice. The site is listed with Tony Didio of Colliers International (856-316-4138). For more information, including the plant’s full equipment list, please visit www.zetabid.com.
About Heritage Zetabid Realty & Auction Services (www.zetabid.com)
Zetabid (Heritage Zetabid Realty & Auction Services is a division of Heritage Global Inc. (OTCQB: HGBL, CSE: HGP), conducts real estate auctions of estate homes and commercial real estate. Zetabid principals have sold a billion dollars’ worth of real estate including over 3,000 homes, numerous office, industrial, retail, multi-family and resort properties. Zetabid was initially founded by the Tribune Company (Los Angeles Times Media Group), DoveBid and CataList Homes.