Consolidated Freightways Announces September 10th Sale of Two Ohio Distribution Facilities.Business Editors COLUMBUS Columbus. 1 City (1990 pop. 178,681), seat of Muscogee co., W Ga., at the head of navigation on the Chattahoochee River; settled and inc. 1828 on the site of a Creek village. , Ohio--(BUSINESS WIRE)--Sept. 2, 2003 As part of the largest real estate sale in transportation history -- 220 total properties with an appraised value An appraised value (USA) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a over $400 million -- Consolidated Freightways Consolidated Freight was the 3rd biggest trucking company in the US. In the 1930s they started their own truck manufacturing operation, Freightliner, now part of DaimlerChrysler. announced that it is placing two of its Ohio distribution facilities for sale to the highest bidders HIGHEST BIDDER, contracts. He who, at an auction, offers the greatest price for the property sold. 2. The highest bidder is entitled to have the article sold at his bid, provided there has been no unfairness on his part. , through an open auction process scheduled for September 10, 2003. The property in Dayton is located at 3100 Transportation Road and is a 26-door cross-dock distribution facility situated on 5.24 acres. A contract price of $400,000 has been established for the Dayton terminal, which has been closed to operations since September 3, 2002, when the 74-year-old company filed for bankruptcy bankruptcy, in law, settlement of the liabilities of a person or organization wholly or partially unable to meet financial obligations. The purposes are to distribute, through a court-appointed receiver, the bankrupt's assets equitably among creditors and, in most protection. Thirty three CF employees formerly worked at the Dayton terminal The CF terminal in Lima is located at 1475 Bowman Road. It is a 14-door cross-dock distribution facility situated on 10 acres. Four CF employees formerly worked at the Lima terminal. A contract price of $240,000 has been established for the CF property, also closed since September 3, 2002. Interested parties who would like to participate in the September 10 bankruptcy auction should submit the form Request to be Designated a Qualified Bidder at Auction. That form can be found at www.cfterminals.com/Overbidder.html and must be submitted prior to the date of the auction. The indicated deposit must also be received, via wire or certified check A written order made by a depositor to a bank to pay a certain sum to the person designated—the payee—which is marked by the bank as "accepted" or "certified," thereby unconditionally promising that the bank will pay the order upon its , prior to the date of the auction. To date, 123 CF properties throughout the U.S. have been sold for over $234 million. Potential bidders should direct any questions about the property and the bidding procedures that cannot be answered at the company's web site www.cfterminals.com, to Transportation Property Company at 800-440-5155. |
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