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.

Marketing Stats:

  • Displayed 26,699 times in LoopNet’s Search Results – 3,411 Views Online
  • Display Ads in the Wall Street Journal and Orlando Biz Journal
  • 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.