LOS ANGELES & LAWRENCEVILLE, Ga.--(BUSINESS WIRE)--Heritage Zetabid Realty & Auction Services, a division of Heritage Global Inc. (OTCQB:HGBL, CSE:HGP), today announced the sale at public auction of a fully leased medical office building in Gwinnett County 30 minutes East of Atlanta, Georgia. The 14,688 square foot building was built in 2001 and is located at 545 Old Norcross Road, Lawrenceville, GA 30046.
The online sealed bid auction is scheduled to take place December 12-15, 2016 and will be conducted at www.zetabid.com. The starting bid is $900,000 or $61/sq. ft. The property was listed previously at $1,350,000. A complete due diligence package is available on the website.
“This prime medical office building is being sold by order of the lender/special servicer and represents an outstanding investment opportunity to acquire a fully leased and ideally located medical building complete with 60-car parking at below replacement cost. At the starting bid price, the net operating income for the facility produces a cap rate of over 13%,” stated 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 2% fee available to qualified brokers representing their client. Site tours may be arranged with advanced notice. The site is listed with Stream Realty by Matt Parisi - 404-962-8633. For more information, 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.