GA Keen Realty Advisors, a division of Great American Group LLC, a provider of asset disposition, valuation, real estate and appraisal services, was chosen by Morgan Industries and its related debtors to market six industrial sites in Maryland, New Jersey and Florida.
"Each of the properties are in attractive locations and offer excellent redevelopment potential for those looking for industrial waterfront properties," GA Keen Realty co-president Matthew Bordwin said in a statement. "The properties are being sold as part of a bankruptcy proceeding and we've been engaged by the debtor, who represents very well-known brands, including Hunter Marine, Luhrs and Silverton Marine."
The properties available include:
• Two parcels of vacant land, 10 and 19 acres in size, located on Marine Road in Salisbury, Md., that are zoned for heavy industrial use, located west of the Salisbury-Ocean City Wicomico Regional Airport and south of Bennett Airport;
• A boat manufacturing facility on 19.2 acres at 301 Riverside Drive in Millville, N.J., which includes four buildings offering 234,013 square feet of industrial space and convenient access to Millville Municipal Airport and State Highway 55;
• A 38.1-acre site at 14700 NW US Highway 441 in Alachua, Fla., located a few miles north of Gainesville, Fla., and convenient to I-75. Nine buildings, representing a total of 210,080 square feet of space, are on the property;
• A 0.33 acre parcel of land at 411 Mulholland Park in Palatka, Fla., just west of I-95, which includes a 2,260-square-foot boathouse, dock and platforms;
•A waterfront boat manufacturing facility on 38.09 acres at 255 Diesel Road in St. Augustine, Fla., within close proximity of I-95, which includes 12 buildings representing a total of 164,414 square feet of industrial space.
Oct. 5 is the offer deadline for the properties, but Bordwin notes that offers can and will be considered prior to that date, and he encourages interested buyers to contact GA Keen Realty as soon as possible.
All sales are subject to bankruptcy court approval.