Selling Bid: $1,182,500
Sorrento, FL – Court Ordered Sale – Receivership
Represented the Receiver acting as the Seller. Originally the Owner filed for an Assignment for the Benefit of Creditors. The case turned into a Receivership when the secured creditor filed a motion to appoint a Receiver. The property presented a few challenges as there was a solar panel mount system for a 40 MW solar panel farm installed on a portion of the property made up of helical anchors.
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- Targeted Marketing to other manufactures, installers, and sellers of power generation equipment, as well as to residential developers and land bankers.
Summary:. We were able to secure a $1,000,000 Stalking Horse Bid. The live Auction finished with a final bid amount of $1,075,000 and with the 10% bidders premium, the final contract price totaled $1,182,500.