WILLIAMS & WILLIAMS REAL ESTATE AUCTIONS

Former Coca-Cola Plant

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Auction Info
Auction Date/Time:
Thursday, May 26, 2016
at 10:00am CDT
Auction Location:
On-Site or bid live from anywhere at auctionnetwork.com
Open Public Inspections:
11am-2pm Friday May 6, 13 and 2 hours before auction.
Nominal Opening Bid:
SELLS ABSOLUTE WITHOUT RESERVE

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

Square footage & lot size per county records. MS Broker: Daniel Nelson Re Lic B-19691 Auctioneer: Thomas Barnes Auc Lic 1055 Williams & Williams Auc Lic 569F

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Buyer pays a $119 Technology Fee at closing. Please see Terms of Sale for details.

Property Type:
Mixed-Use
Square Footage:
143,188+/- sf
Lot Size:
11.27+/- ac
Year Built:
1949
Property ID:
344377
Live On Location
1769 University Boulevard
Jackson, MS 39204
SELLS ABSOLUTE WITHOUT RESERVE
Property Type:Mixed-Use
Description:143,188+/- sf | 11.27+/- ac
Bidding Closed
Auctioned
Redevelopment Property Opportunity

Property Sells Absolute, Without Reserve. 5% Buyer Broker Commission Offered.
Click here to Register a Buyer
Submit a Pre-Auction Offer

Address is also known as 1421 Hwy 80 West

The property is part of a regional portfolio the out-of-town seller is liquidating due to other engagements.

This historic Coca Cola Plant has unparalleled structure, timeless industrial architecture and is on a central distribution point.

5 buildings totaling 143,188+/- sf on approximately 11.27 acres with ample parking for cars or trailers. Seller has recently performed some structural repairs, cleaning and created open spaces that were used for large events/gatherings.

The complex is part of a regional portfolio the out-of-town seller is liquidating to pursue other investments.

HISTORY:
Coca-Cola bottling plants are known for unique architecture and local economic impact. Since 1949, the plant has been a Jackson pillar, providing countless jobs and hosting school tours for thousands of children who received hotdogs and Coke Bottle souvenirs. Vintage Coca-Cola branding still found throughout. Click here to read how others have repurposed these fine old buildings.

The Seller who immediately recognized the remarkable iconic architecture, acquired the property from Coca Cola 7 years ago. The community embraced his idea to develop a collaborative arts/entertainment center, and hosted important events, such as FIGMENT and the Jackson-Free-Press Annual Party as well as some music events.

POTENTIAL USAGE:
Many bottling plants have been restored/repurposed for uses such as:
• Industrial
• Distribution
• Event venues
• Art/Film studios
• Business Incubator
• Mixed-Use Redevelopment

LOCATION:
Minutes from Downtown Jackson and Jackson State University (HWY 80W corridor), the historic Coca Cola plant is an ideal transportation/distribution hub:
I-55 (New Orleans - Memphis)
I-20 (Dallas-Atlanta)

BUILDINGS:
Building 1 has a concrete frame and floors with brick finish,
Remaining buildings have steel frame with metal siding and concrete floors.
Property has 7 dock high doors and 32 grade level doors in total.
Ceiling heights range from 13' - 34'.
The Gates: 1,000 sf 10' ceilings. Structures connected by carport.

Property will sell ABSOLUTE at auction with no seller reserve price. Buyers should complete all due diligence prior to the auction and be prepared to close in 30 days following the auction.

Contact Kathy Coats for a Property Information Package

Quick Close Available. Buyer can save title/closing costs by paying the purchase price plus service fee in full on day of sale. See property specific Disclosures for details.

This individual seller chose to auction their property for a time-definite sale. If you have a property to sell, please contact Fontana Fitzwilson at 918.362.6505.

Questions?

Contact Customer Service at 800.801.8003

Live On Location
1769 University Boulevard
Jackson, MS 39204
SELLS ABSOLUTE WITHOUT RESERVE
Property Type:Mixed-Use
Description:143,188+/- sf | 11.27+/- ac
Bidding Closed
Auctioned

Property is being offered by: Williams & Williams7140 S. Lewis Ave Ste 200, Tulsa, OK 74136800.801.8003

Square footage & lot size per county records.

MS Broker: Daniel Nelson Re Lic B-19691
Auctioneer: Thomas Barnes Auc Lic 1055 Williams & Williams Auc Lic 569F

Auction Date/Time:
Thursday, May 26, 2016
at 10:00am CDT
Auction Location:
On-Site or bid live from anywhere at auctionnetwork.com
Open Public Inspections:
11am-2pm Friday May 6, 13 and 2 hours before auction.
Nominal Opening Bid:
SELLS ABSOLUTE WITHOUT RESERVE

Note: A Buyer’s Premium (Buyer’s Fee in WI) will apply for this property. Buyer pays a $119 Technology Fee at closing. Please see Terms of Sale for details.

Property Type:
Mixed-Use
Bedrooms:
N/A
Bathrooms:
N/A
Square Footage:
143,188+/- sf
Lot Size:
11.27+/- ac
Year Built:
1949
Property ID:
344377
Redevelopment Property Opportunity

Property Sells Absolute, Without Reserve. 5% Buyer Broker Commission Offered.
Click here to Register a Buyer
Submit a Pre-Auction Offer

Address is also known as 1421 Hwy 80 West

The property is part of a regional portfolio the out-of-town seller is liquidating due to other engagements.

This historic Coca Cola Plant has unparalleled structure, timeless industrial architecture and is on a central distribution point.

5 buildings totaling 143,188+/- sf on approximately 11.27 acres with ample parking for cars or trailers. Seller has recently performed some structural repairs, cleaning and created open spaces that were used for large events/gatherings.

The complex is part of a regional portfolio the out-of-town seller is liquidating to pursue other investments.

HISTORY:
Coca-Cola bottling plants are known for unique architecture and local economic impact. Since 1949, the plant has been a Jackson pillar, providing countless jobs and hosting school tours for thousands of children who received hotdogs and Coke Bottle souvenirs. Vintage Coca-Cola branding still found throughout. Click here to read how others have repurposed these fine old buildings.

The Seller who immediately recognized the remarkable iconic architecture, acquired the property from Coca Cola 7 years ago. The community embraced his idea to develop a collaborative arts/entertainment center, and hosted important events, such as FIGMENT and the Jackson-Free-Press Annual Party as well as some music events.

POTENTIAL USAGE:
Many bottling plants have been restored/repurposed for uses such as:
• Industrial
• Distribution
• Event venues
• Art/Film studios
• Business Incubator
• Mixed-Use Redevelopment

LOCATION:
Minutes from Downtown Jackson and Jackson State University (HWY 80W corridor), the historic Coca Cola plant is an ideal transportation/distribution hub:
I-55 (New Orleans - Memphis)
I-20 (Dallas-Atlanta)

BUILDINGS:
Building 1 has a concrete frame and floors with brick finish,
Remaining buildings have steel frame with metal siding and concrete floors.
Property has 7 dock high doors and 32 grade level doors in total.
Ceiling heights range from 13' - 34'.
The Gates: 1,000 sf 10' ceilings. Structures connected by carport.

Property will sell ABSOLUTE at auction with no seller reserve price. Buyers should complete all due diligence prior to the auction and be prepared to close in 30 days following the auction.

Contact Kathy Coats for a Property Information Package

Quick Close Available. Buyer can save title/closing costs by paying the purchase price plus service fee in full on day of sale. See property specific Disclosures for details.

This individual seller chose to auction their property for a time-definite sale. If you have a property to sell, please contact Fontana Fitzwilson at 918.362.6505.

Questions?

Contact Customer Service at 800.801.8003

Terms of Sale:

Thank you for participating in this Williams & Williams Auction. It is important that you familiarize yourself with the terms and conditions as all sales are final and irrevocable. The terms of sale are non-negotiable. Good luck and good bidding!

Registration at the auction (online and/or in person) finalizes each bidder's agreement to the terms and conditions of sale as stated in the Contract and its Addenda which are incorporated by reference into your bidding. Do not bid until you have read the terms and conditions. The High Bidder will be required to pay a Williams & Williams Technology Fee of $119 at closing. By bidding you are representing to Williams & Williams ("Broker" and/or "Auctioneer") and the seller that you have read and agree to be bound by the terms and conditions for this sale as stated herein. DO NOT BID unless you have registered, received a Bidder's Card and Auction Day Notes, and have read and agreed to be bound by the terms of sale in the Contract as they are enforceable against you upon becoming a high bidder.

All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale. Williams & Williams represents the Sellers only and does not inspect properties on bidder's behalf. Read the Contract and Auction Day Notes to determine the existence of any disclosures, exclusions, representations and disclaimers. Do not bid if you have not inspected the property(s). By bidding you agree to all disclosures.

Buyers receive a deed and Title Insurance Policy as provided by the Closer indicated in the Contract (any mobile/manufactured housing not legally affixed to the property shall only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted in the Disclosures). Current year's taxes are pro-rated through day of closing as is customary.

An Auction Services Fee of $3,000 OR a Buyer's Premium (Buyer's Fee in WI) of 5% ($2,500 minimum) will be added to the high bid and included in the total purchase price. Please see the Auction Day Notes, The Contract for Sale, and/or the Auctioneer for specifics about the property you wish to bid on.

Each high bidder must make a 10% non-refundable deposit per property ($5,000 MINIMUM - whichever is greater) immediately following auction. Cash, cashier's checks, personal checks and business checks (electronically processed) are accepted. If you are a resident / citizen of a country outside of the US, certified funds (bank check, wire transfer, certified checks) are required for the down payment and closing. The balance of the purchase price, all closing costs, and the Technology Fee are due at closing. Closing costs generally total approximately $1,500 and include title exam, title policy, closing fee, filing costs and any other fees noted.

Bidding starts at the nominal Opening Bid(s) indicated and is open to the public. The Auctioneer reserves the right to group, add to, delete, withdraw, consolidate or break down lots and/or quantities offered, to sell out of scheduled sequence, to reject any bid which is only a fraction advance over the preceding bid, to regulate bidding, to accept or reject any or all bids, and to cancel or re-schedule an auction. The Auctioneer will call the sale and control any increments of bidding. To make a bid, raise your hand or Bid Card to be recognized. The bidding usually takes less than 3 minutes for each property. Absentee bids may be accepted at the discretion of the Auctioneer. The Auctioneer reserves the right to enter bids on behalf of absentee bidders. Any mistakes during bidding as to who has the high bid and/or at what price may be called to the Auctioneer's attention and corrected. The Auctioneer is the sole arbiter and controller of the conduct of the auction and shall be the final and absolute authority without liability to any party.

Your inspection of the property(ies) and attendance at this auction are at your own risk. Broker and Seller, their agents and employees, expressly disclaim any "invitee" relationship and shall not be liable to any person for damage to their person or property while in, on or about these properties, nor shall they be liable for any defects, dangers or conditions on the property(ies). All persons enter the property(ies) and attend the auction at their own risk and shall defend, indemnify, and save harmless Broker and Seller, their agents and employees, from any and all liability attendant thereto.

All properties offered for sale at auction under the "ABSOLUTE" or "WITHOUT RESERVE" designations are being offered for sale without reserve (i.e.) for the high bid price in each instance and are not subject to subsequent approval by any third party. All other auctions are subject to court or seller approval unless otherwise provided in the Contract and Auction Day Notes. Possession is not granted until filing of the deed at which time the property should be re-keyed. [Any mobile/manufactured housing on property will only be conveyed by a Hold Harmless Agreement or Quit Claim Bill of Sale unless otherwise noted].

If more than one property is being auctioned, the Auctioneer may choose to offer a group of the properties for auction at the same time. This is called "BUYER'S CHOICE" and is to accommodate buyers who have an interest in more than one property and/or have 2nd and 3rd choices if they are out bid for a favorite property. Upon winning the bid, please choose which property, or properties, you want. You pay the high bid price for each property selected. Each sale is final and stands alone. Remaining properties are then offered in another round of bidding. Anyone may bid at any time, including prior High Bidders.

Williams & Williams and the Seller expressly disclaim any liability for errors, omissions or changes regarding any information provided for these sales. Please read the Contract and Auction Day Notes for a full and complete understanding of Williams & Williams and Seller's disclaimers. Bidders are strongly urged to rely solely upon their own inspections and opinions in preparing to purchase property and are expressly advised to not rely on any representations made by the Seller or their agents and employees. Property information may change without notice and potential purchasers should investigate all data fully before relying upon it.

 

Auction Network
TERMS & CONDITIONS OF SERVICE

The property offered in this auction will be offered and sold by Williams & Williams Marketing Services, Inc. ("Williams & Williams"). Any questions regarding the auction process or a property should be directed to Williams & Williams or its designated representative. Auction Network, LLC ("Auction Network") serves solely as the online bidding service (the "Service") for Williams & Williams. Your use of the Service is governed by these Auction Network Terms & Conditions of Service, and the Auction Network Terms of Use located at the following URL: https://www.auctionnetwork.com/Site/TermsOfUse.asp, as amended from time-to-time by posted notices or oral announcements made during any auction.

Williams & Williams serves as the auctioneer, and represents the owner of the property at auction. The auction and conveyance of each property shall be governed by property specific Contract for Sale, Auction Day Notes, Disclosures, and the Williams & Williams Terms & Conditions of Sale. These documents govern your bid and the sale of each property, and can be accessed and reviewed at the Williams & Williams property specific web page.

DO NOT BID unless you have read the Williams & Williams Terms & Conditions of Sale, the Contract for Sale, Property Disclosures, and the Auction Day Notes for each property. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Auction Network, Williams & Williams and the Seller are not responsible for technical difficulties during online or remote bidding. Occasionally, the Auction Network online bidding interface may be unable to submit bids in the live auction due technical difficulties including, without limitation, the lack of sufficient communication infrastructure at the location of the live auction. Online bidders are advised to place an absentee bid at least 1 day prior to the live auction to ensure their bid is entered into the live auction on the online bidder's behalf.

In the event of any conflict between Auction Network's Terms & Conditions of Service and the Williams & Williams Terms & Conditions of Sale, the Williams & Williams Terms & Conditions of Sale shall control in each instance.

Auction Network has no authority to, and does not provide, any guarantee, warranty, or covenant, of any kind or nature, regarding a property. Per the Williams & Williams Terms & Conditions of Sale, all properties auctioned are otherwise sold "AS-IS, WHEREIS" without any representation or warranty, express or implied, of any kind by Williams & Williams, Auction Network, or the respective seller, and with no financing, inspection or other contingencies to sale. Buyers must conduct their own due diligence and investigation of each property and must also investigate the suitability of each parcel prior to making a bid and purchase at the auction. Buyers must rely solely upon their own investigation and not any information provided by the Seller or Williams & Williams. Failure of a Buyer to be fully informed on the condition of a property will not constitute grounds for any claim adjustment or right to cancel sale.

Neither Auction Network nor Williams & Williams assumes any risk, liability or responsibility for the authenticity of the authorship of any property or livestock offered at this auction (that is, the identity of the creator or the period, culture, source or origin, or lineage, as the case may be, with which the creation of any property is identified).

The auctioneer has the right at his or her absolute and sole discretion to refuse any bid, to advance the bidding in such a manner as he or she may decide, to withdraw or divide any lot, to combine any two or more lots and, in the case of error or dispute, and whether during or after the sale, to determine the successful bidder, to continue the bidding, to cancel the sale or to reoffer and resell the item in dispute. If any dispute arises after the sale, our sale record is conclusive.

Any property may be withdrawn by Auction Network or Williams & Williams at any time before the actual sale without any liability therefore. If the auctioneer determines that any opening bid is not commensurate with the value of the article offered, he or she may reject the same and withdraw the article from sale, and if, having acknowledged an opening bid, he or she decides that any advance thereafter is insufficient, he or she may reject such advance.

These Auction Network Terms & Conditions of Service, Terms & Conditions of Use, Williams & Williams' Terms & Conditions of Sale, as well as the online buyer's rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of the State of Oklahoma. By bidding at this auction, whether in person or by agent, order bid, telephone, online, or other means, the buyer shall be deemed to have consented to the exclusive jurisdiction of the state and federal courts sitting in the State of Oklahoma.

You are registering to bid on the following properties, and as stated above, your bid, and the sale of the property, will be governed by the property specific Williams & Williams Contract for Sale, Disclosures, Auction Day Notes, and Terms & Conditions of Sale. Each of these documents are available for your review at the Williams & Williams property specific web page. DO NOT BID unless and until you review these documents. BY PLACING YOUR BID, YOU AGREE TO BE BOUND BY THE PROPERTY SPECIFIC CONTRACT FOR SALE, DISCLOSURES, AUCTION DAY NOTES, AND THE WILLIAMS & WILLIAMS TERMS & CONDITIONS OF SALE.

Disclosures:
• All properties are sold "AS IS, WHERE IS" with no financing, inspection or other contingencies to sale.

• Buyer acknowledges receipt of Property Information Package.

Map

Fontana Fitzwilson
Fontana Fitzwilson
Executive Vice President, Sales
PHONE
Selling your property? Find out if auction works for you.
Call 800.801.8003.
Selling your property? Find out if auction works for you.
Call 800.801.8003.