bank directed sale of 22 reo properties

VA

SCGA

WI

IL INCA

OK

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Bank Directed Sale of22 REO Properties

LOCATIONS NATIONWIDE

AUGUST 15

REAL ESTATE AUCTIONMULTI-PROPERTY

Properties Sold IndividuallyIndustrial · Commercial · Office · Residential · Hospitality · Land

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Property List - Properties Sold Individually

ID# PROPERTY TYPE ADDRESS CITY STATE BLDG SQ. FT. ACRES

California

1 Land 42813 E Florida Avenue Hemet CA N/A 2.50

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Georgia

2 Hospitality 2572 Candler Road Decatur GA 66,084 2.98

Illinois

3 Land 2613 S. Veterans Parkway Bloomington IL N/A 3.95

4 Office 1090-1100 Executive Way Des Plaines IL 16,000 2.25

5 Office 1555 Times Drive Des Plaines IL 34,560 3.46

6 Land Bartell Road Galena IL N/A 149.30

7 Residential Land 1316 Colorado Avenue Joliet IL N/A 0.11

8 Residential 17232 Lorenz Avenue Lansing IL 1,056 0.15

9 Residential Land 16800 Gaylord Road Lockport IL N/A 2.50

Indiana

10 Land 2520 W. Country Club Road Bloomington IN N/A 101.51

11 Commercial 8393 Route 41 Carlisle IN 6,152 0.90

12 Land 520 E. Thompson Road Indianapolis IN N/A 8.60

Maryland

13 Land 601 North Salisbury Boulevard Salisbury MD N/A 0.53

New Jersey

14 Land 77 Iron Ore Road Manalapan NJ N/A 40.56

Oklahoma

15 Commercial 2602 N. Broadway Poteau OK 2,162 0.52

South Carolina

16 Land 7510 Two Notch Road Columbia SC N/A 7.24

Texas

17 Land 333 E. Bethany Drive Allen TX N/A 4.58

18 Land 500 Broadway Commons Garland TX N/A 1.33

19 Commercial 7678 Highway 290 Johnson City TX 6,600 3.14

20 Office 404 E. Veterans Memorial Blvd Killeen TX 4,058 0.86

Virginia

21 Land Belmont Ridge Road Ashburn VA N/A 29.89

Wisconsin

22 Industrial 2577 N. 30th Street Milwaukee WI 25,115 0.64

Suggested Opening Bid Only $200,000

Lot Size: 2.50 Acres

Offering 435 feet of frontage, this development site is located along Florida Avenue in an unincorporated area of Riverside County. The property is zoned C-P-S (Scenic Highway Commercial), which allows for specific wholesale and retail commercial uses and offers easy access to Interstate 30. Area businesses include Bass Pro Shop, a number of hotels, and local retail. All utilities are available to the site.

1 42813 E Florida Avenue, Hemet, CA

Retail Site w/ Significant Frontage


Building Size: 34,560 Sq. Ft.Lot Size: 3.46 Acres

Built in 1968, this one story office building is located at the intersection of two strong retail corridors boasting a combined traffic count of over 46,000 vehicles per day. The property is situated behind a row of retailers to the south, including Dunkin Donuts and other stand alone retail/restaurants, and is adjacent to a Jewel-anchored shopping center to the east. The 3.46-acre site also provides abundant surface parking for approximately 95 vehicles. The site is zoned C-3 – General Commercial District.

5 1555 Times Drive, Des Plaines, IL

Functional Executive Offices



This property is a 4-story, intreior corridor hotel with 110 guest rooms. The hotel offers a lobby, breakfast room, staff laundry facility, guest laundry, restrooms, offices, outdoor pool, front canopy and paved parking. Most recently operated as a Motel 6, the property offers excellent signage exposure along I-20 and Candler Road. National area tenants include Wendy’s, Popeye’s Chicken, Americas Best Value, Big Lots, Dollar Tree, as well as The Gallery at South DeKalb Mall, a major traffic generator with more than 100 retailers, a multiplex theater and a food court.

2 2572 Candler Road, Decatur, GA

Great Hospitality Investment

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The property is located along Veterans Pkwy (I-55 Business) near the southwest city limits of Bloomington, IL. Zoned Hwy Business, the site offers good visibility from Veterans Parkway and is easily accessed via a curb cut along Fox Creek Rd. Neighboring businesses include a small UPS distribution center, Casey’s general store, & Trinity Lutheran Church. Traffic counts peak at 10,000 vehicles per day. The area’s main retail development is situated approx. 3 miles further east and north along I-55 Business, offering large, national retailers and several area shopping centers.

3 2613 S. Veterans Pkwy, Bloomington, IL

Prime Development Site



This well-located two story office building provides easy access from Oakton Street, a heavily-traveled commercial corridor. The building was constructed in phases, beginning in 1966, with an addition added in 1976. Zoned C-3 – General Commercial District, the 2.25-acre site also provides abundant parking for approximately 54 vehicles, a loading dock and back-up generator. A Jewel-anchored shopping center borders the property to the east and a residential development sits to the north.

4 1090-1100 Executive Way, Des Plaines, IL

Ideal Corporate Use

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This residential development tract is located at the four-way lighted intersection of Bartell Boulevard & US Route 20, the main commercial thoroughfare heading through Galena. Zoned HD High Density Residential District, MDR Medium Density Residential District, and PO Planned Office District, the site is adjacent to a newer Wal-Mart Supercenter and sits less than 2 miles from downtown Galena, which is known for its rich history, classic architecture, numerous ski & golf resorts, shopping, dinning, entertainment and recreational options.

Bartell Road, Galena, IL

Future Residential Development

REAL ESTATE AUCTION22 REO PROPERTIES AUCTION: AUGUST 15

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A Hilco Global Company

Vested in Your Success

For more information visit our website or call:

HilcoRealEstate.com 855.755.2300


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Ideal as a rental property, this 3 bedroom, 1 bath ranch features a sunroom/recreation room, brick and stone exterior and included appliances set over 1,000 SF. A side driveway leads to large detached garage.

8 17232 Lorenz Avenue, Lansing, IL

Perfect Single-Family Rental or Home



Formerly a restaurant, this property is located just south of downtown Carlisle along a frontage road on US-41. The property is bordered by a Marathon C-Store/Gas station and the Carlisle Inn, a limited service hotel. Traffic counts are approximately 9,000 vehicles per day.

11 8393 Route 41, Carlisle, IN

Turnkey Full Service Restaurant


Lot Size: 2.5 Acres

Set among other well-maintained homes, this residential lot provides for improvements to be built far back from Gaylord Road. The property is close to nearby shopping, restaurants and other services situated along US-30. Target, Home Depot, Cinemark Movie Theater, and the Louis Joliet Mall are within walking distance from the property.

9 16800 Gaylord Road, Lockport, IL

Deep Residential Lot

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Lot Size: 8.6 Acres

This prime parcel, zoned C-6 offers high visibility & immediate access to I-465 (Indianapolis’ beltway) & US 31, the area’s major north/south retail thoroughfare. The property is less than 10 minutes from both Downtown Indianapolis & the Greenwood Park Mall, home to retailers such as Von Maur, Macy’ s & The Cheesecake Factory. Indiana University-Purdue University at Indianapolis and University of Indianapolis are located 7.5 and 1.8 miles away, respectively. The surrounding area is comprised of banks, grocers, pharmacies, restaurants and other retail businesses.

12 520 E. Thompson Road, Indianapolis, IN

Exceptional Redevelopment Site

10 2520 W. Country Club Rd, Bloomington, IN

Site Along Growth Corridor



This development site is located 15 minutes south of downtown Bloomington via State Road 37and just North of Monroe Lake, with proximity to the Bloomington Golf and Country Club. Totaling 101 acres, 38.51 acres are usable while 63 acres have been designated as a conservation area. As a Planned Unit Development (PUD), the property has a variety of development possibilities. The area’s largest employers include Indiana University, Cook, Inc., Indiana University Health, Baxter Healthcare Pharmaceuticals and General Electric.



This residential parcel sits along a quite, tree-lined street near US-30, minutes from downtown Joliet, IL. The property offers proximity to neighborhood parks, schools, and a number of retailers, including Ultra Foods, Hobby Lobby, Burlington Coat Factory, Walgreens and Office Max. The property measures 39 X 126 or .11 acres.

7 1316 Colorado Avenue, Joliet, IL

Residential Lot in Quiet Neighborhood

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This large tract of land offers endless redevelopment possibilities. The property is zoned R‐A G/4, Rural Agricultural, which permits single family detached, single family detached residential clusters, and other similar residential uses. The property has preliminary approvals for a subdivision of six single‐family lots and open space areas. Both New York City and Philadelphia are accessible within an hour via nearby I-95.

14 77 Iron Ore Road, Manalapan, NJ

Premium Residential Subdivision



This site offers easy access to US-75, along with proximity to Millennium Technology Park & Montgomery Farms. The surrounding area is comprised of substantial retail, residential and office developments. All utilities are available to the site. Zoned PD-3 SC - Shopping Center, Office, Industrial.

17 333 E. Bethany Drive, Allen, TX

Development Site in Premium Retail Area



Formerly a free-standing restaurant, this site offers 395’ of frontage along N. Broadway Street, in Poteau, OK. Built in 1977, this 2,162 SF building featuring a large entryway, dining room with seating capacity for approximately 64 people, a commercial kitchen with two large walk-in freezers, a food preparation area, and three two-fixture restrooms. The property is zoned for commercial use.

15 2602 N. Broadway, Poteau, OK

Prime Commercial Redevelopment



Zoned for commercial use, this partially developed parcel is located in a high density retail and single family residential area. The site is located adjacent to a small neighborhood retail strip center. Nearby businesses include Wal-Mart Supercenter, Starbucks, Walgreens, KFC, Bank of America and Planet Fitness.

18 500 Broadway Commons, Garland, TX

Lot Within High Density Retail Zone

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Building Size: 7.24 Acres

Ideally located just off the I-20 exit ramp along Two Notch Road, this commercial site is ready for redevelopment. The property offers immediate freeway access and is located minutes from downtown Columbia, SC. Surrounding area traffic-generators include five hotels/motels, as well as such national tenants as Outback Steakhouse, Hooters, Chili’s, IHOP and Home Depot. All utilities run to the site.

16 7510 Two Notch Road, Columbia, SC

Large Parcel w/ Direct Interstate Access



This corner site has approximately 119’ of frontage along North Salisbury Boulevard (RT 13), with over 30,000 vehicles per day, and 194’ of frontage along Elizabeth Street. Zoned General Commercial, the site is served by public water, sewer and electricity. The area immediately surrounding the site is comprised of various local businesses, making this site ideal for a neighborhood convenience store or similar use.

13 601 North Salisbury Blvd, Salisbury, MD

Great Corner Lot

About Hilco Real EstateHilco Real Estate, a Hilco Global company, is one of the industry’s most respected and accomplished authorities on real estate repositioning, restructuring and sales. Acting as an agent or principal, we advise and execute strategies to help both healthy and distressed clients derive maximum value from their real estate assets. Our extensive restructuring experience and creative sales strategies are leveraged by substantial access to capital and a vast network of buyers and sellers, enabling us to exceed expectations even in the most complex situations.

About Hilco GlobalHilco Global is an independent financial services company and the world’s preeminent authority on helping companies convert current assets into more profitable assets. We earned this reputation after decades of providing both healthy and distressed companies with creative solutions and advice to maximize value. In many instances we also provide capital, demonstrating our willingness to share risk and reward. As a Hilco Global customer, you get a best-in-class client experience delivered by owner-entrepreneurs who are focused on producing the strongest results on every engagement.

22 REO PROPERTIES AUCTION: AUGUST 15

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Building Size: 4,058 Sq. Ft.Lot Size: .86 Acres

This former free standing bank facility includes three drive-thru lanes, three offices, a vault, utility room, kitchen area, a conference room and parking for 44 vehicles. The property is zoned - B5 - General Business District and ideal for immediate reuse.

20 404 E. Veterans Memorial Blvd, Killeen, TX

Turnkey Bank Facility

Suggested Opening Bid Only $1,500,000


Desirably located only 10 minutes from Dulles Intl Airport & 30 minutes from Washington, D.C., this property offers significant developable acreage. Zoned PD-IP - Planned Development Industrial Park (front 14.92 acres) & A3 - Agricultural/Rural (back 14.97 acres), the site offers frontage on Belmont Ridge Rd & great access to Rte 7 & The Dulles Greenway. The region leads the nation in proportion of professional, executive & managerial work force and benefits from virtually guaranteed economic growth & low unemployment due to the operation of the Federal Government.

21 Belmont Ridge Road, Ashburn, VA

Industrial Park Development Site


Building Size: 25,115 Sq. Ft.Lot Size: .64 Acres

This large industrial building located near WI-45, minutes from downtown Milwaukee within an urban setting of industrial buildings and single family residential. Bordered to the rear by a rail line, the property offers Industrial-Heavy District (IH) zoning. Major companies headquartered in the area include Aurora Health Care, Wheaton Franciscan Healthcare, Roundy’s, Quad/Graphics, Inc., Kohl’s Corp., and Froedtert & Community Health, providing stability for the supporting business community, as well as employment for the population.

22 2577 N. 30th Street, Milwaukee, WI

Great Redevelopment Opportunity

REAL ESTATE AUCTION



This former gas station/convenience store is located along US-290, which serves as the primary local and regional east-west corridor for the surrounding area. Site improvements include a well-maintained one story retail convenience store, three underground storage tanks, two double-sided fueling stations with canopy, abundant parking and visible signage.

19 7678 Highway 290, Johnson City, TX

Strategically Located Hwy C-Store

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Auction Information

On-Site Inspections:Onsite inspections for each of the non-land properties being offered for sale are available upon request. Please contact Hilco at (855) 755-2300 for specific days and times.

Online Auction Date: Bidding for this auction will be conducted ONLINE-ONLY. Online bidding will begin on August 15, 2014* at 9:00 am CT and will conclude

on August 15, 2014 at 5:00 pm CT. In order to participate in the auction, bidders must complete the register requirements as detailed at www.hilcorealestate.com. Please click on the “Properties For Sale” button found on the toolbar, then select “Auction Properties”. Please contact a

Hilco representative for further instructions on the approval process

for this auction.

Contact Information:

Auction Line: 855.755.2300

Fax: 847.714.1289

Email: [email protected]

On the Web: HilcoRealEstate.com

Bidding Procedure: The properties within this portfolio are being offered with reserve, and are subject to the Seller’s acceptance. Bidders will be notified during the auction once the Seller’s reserve has been met. Once the bidding for a specific property achieves the reserve price, the property will be sold to the highest bidder at the conclusion of bidding.

Initial Deposit Required to Bid:To participate in the auction, bidders are required to wire-transfer or overnight an initial deposit for each property in which they are bidding. Deposit amounts vary for each property and are detailed in the Terms of Sale.

Virtual Data Room:A Bidder’s Information Packet (Packet) available online in our Virtual Data Room has been assembled and includes the Purchase and Sale Agreement, detailed property information including zoning, survey, real estate tax bills, Terms of Sale and other applicable information. To gain access to the Virtual Data Room, please email [email protected] and request access, or go to the property web page and click on the “Bid Online” button. Review of the due diligence material is a requirement

in order to bid during the auction.

Terms of Sale:This auction is being conducted subject to the Terms of Sale, as stated in the Virtual Data Room and Purchase and Sale Agreement.

Buyer’s Premium:A 10% Buyer’s Fee will be added to the High Bid Price, per the Terms of Sale, unless otherwise indicated in the published materials.

Broker Participation Invited:A referral fee of 2.5% will be paid to the REALTOR®/Broker whose registered buyer closes on a property within this portfolio.** Please refer to the Buyer/Broker registration requirements in the Terms of Sale, which can be found in the Virtual Data Room.

For additional Terms of Sale, see the Purchase and Sale Agreement available at all inspections.

Hilco Transaction Team:

Jeff Azuse

847.418.2703

[email protected]

Steve Madura

847.504.2478

[email protected]

* The Decatur, GA property will be sold via online bidding in conjunction with a live auction event.** Referral Fees may vary per property.

DISCLAIMER: The information contained herein is subject to inspection and verification by all parties relying on it. No liability for its inaccuracy, errors, or omissions, are assumed by the Sellers, their representatives or Auctioneer. ALL SQUARE FOOTAGE, ACREAGE AND DIMENSIONS IN THIS BROCHURE ARE APPROXIMATE. This offering is subject to prior sale and may be withdrawn, modified or canceled without notice at any time. This is not a solicitation nor offering to residents of any state where this offering may be prohibited.

This offering is subject to prior sale & may be withdrawn, modified or canceled without notice at any time. This is not a solicitation nor offering to residents of any state where this offering may be prohibited. The Seller, Broker and their agents assume no liability for inaccuracies, errors or omissions. ALL SQUARE FOOTAGE, DIMENSIONS AND ACREAGE ARE APPROXIMATE. A Buyer’s Premium (Fee) will be added to all Auction Sales. In Cooperation with Bob Daniel CA Broker #01236092, Steven Mathis Georgia GA Broker #178486, Jeff Azuse IL Broker License #471.011086. Stephen Madura, IL Auctioneer, License #441.001915. Michael Conner, IN Broker #RC51200028, Fernando Palacios Maryland Broker #534177, Hilco Real Estate, NC Firm License #7506, Oklahoma Choose Wisely, Inc. Steve Sorrell #157456, Brand Name Real Estate SC Lic# 18949, David Taylor Lic# 78984 and Auctioneer Lic #SCAL4221, Paul A Lynn TX Broker #244902, Auctioneer Paul A Lynn License #9627, Fernando Palacios Virginia Broker #0225069387, Jeffrey Azuse Wisconsin Broker #50983-90.

www.HilcoRealEstate.com

Corporate Headquarters 5 Revere Drive, Suite 320 Northbrook, IL 60062Phone: [email protected]



www.hilcoglobal.com

Hilco Global Offices:US Birmingham / Boston / ChicagoFarmington Hills / Grand Rapids / Los AngelesNew York / Oakland / San Diego

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UK London / Leeds / Birmingham

ASIA PACIFIC Singapore / Hong Kong / Bangkok

AUSTRALIA Sydney

© 2014 Hilco Global, LLC

bank directed sale of 22 reo properties

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