Bankruptcy Auction - 10,150 +/- SF Metal Warehouse & 1,537+/- SF Office Building, Personal Property from a Former Metal Foundry Business

Property Location:

2117 FM 1162

El Campo, TX 77437

Real Estate Preview Date & Time:

Thursday, January 10th at 12:00 PM CT

Real Estate Online Bidding Ends:

January 14th at 2:00 PM CT for the Real Estate

Bankruptcy Auction. Ordered by the U.S. Bankruptcy Court, Southern District of Texas. 10,150 SF Metal Warehouse & 1,537 SF Office located on a total of 4.23 Acres of land. The Property was a former Metal Foundry Business. Real Estate is selling separately from the Personal Property. The Foundry Equipment located in the warehouse will be sold as a single package lot. The 2003 Chevy Pickup and the 1996 Utility Trailer will sell as individual lots. The office furniture and office equipment will be sold as a single package lot. We are not taking individual bids on the Personal Property. The sale is subject to the approval of the U.S. Bankruptcy Court.

Don't Miss This Opportunity To Buy Under Market Value...

• 10,150 +|- SF Metal Warehouse, Manufactured Date Unknown

o Building Type: Light Industrial Metal

o Foundation: Concrete Slab on Grade

o Framing: Steel Frame

o Exterior Walls: Metal Siding

o Roof: Metal

o Walls: Open Steel Frame

o Ceiling: Open Steel Frame

o Floors: Concrete

o Lighting: Fluorescent

o Overhead Doors: (4)

O Parking: Crushed Gravel

• 1,537 +|- SF Office Building, Built in 1980

O Building Type: Ranch Style Residential Construction

o Foundation: Concrete Slab on Grade

o Framing: Wood Frame

o Exterior Walls: Brick/Wood

o Roof: Composition

o Parking: Crushed Gravel

o Hvac: Central

• 4.23 +|- AC's or 184,258.8 +|- SF Land

• Property Dimensions: 230'W x 800'D

• 230' +|- Road frontage on FM 1162

• Zoning: None

• Topography: Grade level

• Utilities:

o Electricity: On Site

o Water/Sewer: Private well/septic

• Flood Hazard: None

• 1.19 Miles East of Hwy 59

Market Area: Property is located just east of the El Campo City boundary lines. The city's population as of 2010 was estimated at 11,602. El Campo is located within Wharton County, Texas. The area where the property is located is rural in nature. The property is bounded by FM 1162 to the South, Hwy 59 to the West, FM 407 to the east, and FM 404 to the North.

The property was a former metal foundry business.

• The Metal Foundry Equipment & Other Personal Property will be sold separately online on December 17th and Includes:

o Furnaces, Molds, Patterns & Tooling

o 2003 Chevrolet 2500 HD LS Crew Cab Pickup, VIN 1Gchc231x3f128029

O 1996 Utility Trailer

o Office Furniture & Office Equipment

o Office Furniture, Fixtures & Equipment

https://www.tranzon.com/taa2045

10% Buyer's Premium for the Real Estate and 15% Buyer's Premium for the Personal Property and other terms apply.

Tranzon Asset Advisors of Texas, LLC 9008058, Kelly D. Toney, TX Auctioneer 11818

U.S Bankruptcy Court, the Southern District of Texas, Houston Division, Case No. 20-34329