Market Overview

AmeriBid LLC to Conduct Auction of Two Former Medical Buildings and Adjacent Development Land in Dallas, Texas

DALLAS, Dec. 18, 2012 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.AmeriBid.com) announces the on-site auction of three parcels on January 23, 2013 at 11:00 AM CST. The parcels consist of a 108,990+/- square foot medical facility, 8,666+/- square foot multi-purpose building, and 1.49+/- acres of development land to be offered in 3 lots. The larger building has had substantial renovations and the smaller is in move-in condition. According to John Mayeron, Regional Director and Agent for AmeriBid, "This is a great opportunity to own a former 220+ bed hospital that could be re-purposed for a variety of uses including a school, Assisted Living, Skilled Nursing, Surgery Center and more. The auction will be comprised of three lots including two buildings and land for maximum bidder acquisition flexibility."

The first lot, located at 7505 & 7525 Scyene Road in Dallas, includes two buildings that are adjoined for a total of 108,990+/- square feet. These buildings were built between 1957 and 1990 and were formerly used as a hospital. These steel framed, brick veneer and stucco exterior buildings have ground accessibility on three of the four stories. They sit on a 4.46+/- acre lot and have ceiling heights of 8-9'. All personal property present at the time of sale will convey with the property.

The second lot available, located at 7525B Scyene Road, is comprised of a 8,666+/- square foot two-story building that sits on a 1.47+/- acre lot. Built in 1991, the first floor has one room dedicated to imaging (with lead lined walls) with the remainder dedicated to office space, and features 10' ceilings. The second floor is one space with windows on three of the four walls and 8' ceilings, with the only walls containing two restrooms and utility room. The entire building is asbestos free and has ceiling sprinklers and a fenced in courtyard.

Lastly, there is a 1.49+/- acre lot available that is located directly north of the property at 7525B Scyene Road. 

Broker participation is encouraged. Properties may be inspected by appointment only. For more details on how to receive the property information package and complete terms, please visit www.AmeriBid.com or call 877-895-7077.

Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.

The AmeriBid logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=15338

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CONTACT: Media Contact: John Pellow 877.895.7077

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