June 18, 2018

PUBLIC NOTICE OF 363 AUCTION: Cold Storage & Food Processing Facility

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NOTICE OF §363 AUCTION: COLD STORAGE & FOOD PROCESSING FACILITY

1. Key Deadlines.

The auction will be held on August 15, 2018; the bid deadline is August 14th at Noon.

The property is being sold pursuant to Bankruptcy Code §363 in the Chapter 11 case of In re Amboy Group, LLC, et al, Case No. 17-31653-CMG, pending in the Bankruptcy Court for the District of New Jersey.

Bids must comply with, and all potential bidders should review, the ORDER FIXING BID PROCEDURES AND SCHEDULING AN AUCTION SALE OF CERTAIN REAL PROPERTY [Docket #260]. You may obtain a copy of this order from the parties listed in #3 below.

2. Overview of the Opportunity.

The offering consists of a 5.22± acre site in Woodbridge, NJ containing a 109,798± SF building with 1.0 million cubic feet of freezer storage (with 70’ foot high bay). 24’ foot high ceilings throughout most of the building of the complex.

The building is comprised of office space, food processing space, and freezer space broken down as follows: Food Processing: 87,973± SF Freezer Space: 15,625± SF Office Space: 6,200± SF Total: 109,798± SF

Currently setup as an owner-occupied meat processing & cold storage facility, the property was formerly a Haagen-Dazs ice cream plant. Since 2013, the property underwent approximately $6,000,000 in renovations and upgrades.

Building to be delivered vacant, but potential for sale-leaseback opportunity.

3. More Information.

The auction for this property is being conducted by Auction Advisors. For more information call Oren Klein, Joshua Olshin, or Sahar Berlin at 800.862.4348 or email at jolshin@auctionadvisors.com. You may also see more information at http://auctionadvisors.com/property-details/nj_woodbridge_180.

4. About Auction Advisors.

AuctionAdvisors, based in the New York metropolitan area, is a full-service real estate and business liquidation auction company. With strategically located offices around the country, AuctionAdvisors services clients in business liquidations and the disposition of real estate and real estate related assets.

Auction Advisors

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