Chapter 11 Bankruptcy Transaction - Heavy Industrial Site

Industrial for Sale
Catylist Listing ID: 30084903
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Other
Building Size (RSF): 106,500 SF
Gross Building Area: See Agent
Gross Land Area: 1,390 Acres
Sale Price: $5,250,000 - 7,000,000
Unit Price: $49.30 - 65.73 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Up For Auction: Yes
Auction Type: Disclosed Reserve
Auction Reserve Amount: 5,250,000
Cap Rate: Undisclosed
Last Updated: 6/21/2018

Overview / Comments

The subject property is a former International Paper industrial site located in Pineville, Louisiana. the property comprises approximately 1,230 acres of land plus an additional 160 acres of railroad yard (partially owned by KCS Railroad). All of the former process buildings have been demolished. There are seven (7) buildings remaining on the site including the administration building, fiber supply office building, training center, employee services building, process engineering building, pulp/power engineering building, and a maintenance building. There are three (3) surface impoundments onsite including an ash pond, a surge basin, and aeration stabilization basin. There is a partially capped solid waste landfill which is fenced onsite.

No hazardous materials are currently being used or stored onsite.

Main Operations Site = 585 acres
12 campus partner sites
Private Lake (Beaver Lake)

Administration Building (27,000 SF)

Maintenance Buildings (50,000 SF)
- 10 ton overhead crane
- Loading dock
- Three 5 ton jib cranes
- shelving

Fiber Supply Building (3,500 SF)

Employee Services Building (20,000 SF)

Training Building (2,000 SF)

Engineering Building (2,000 SF)
- Guard Bldg (1,000 SF)

Lab Building (2,000 SF)

Two Truck scales w/scale building

Three water wells and fire hydrants on private water system with water storage

Private Railroad line (11.5 miles of rail) with rail storage yard and bridges (ties to KCS Railroad)
- Five rail spurs
- 11.5 miles of track
- Mixture of 90# sections
- 12 switches

Cleco Power transmission lines/power and substation w/transformers. Cleco has 138 KVA and 230 KVA lines on the site.

Site supplied by two separate gas lines/companies…Enlink and Texas Gas Transmission

Road system on property for full access to the property and river

Potential for 8 -10 million gpd water from City of Alexandria. Line is currently inoperable.

Also served by Kolin- Ruby Wise Water District (potable water)

The property is under a Chapter 11 Bankruptcy, the Trustee is seeking alternative transactions with a minimum value of $5,250,000 - ALL BIDS MUST BE RECEIVED ON OR BEFORE JUNE 13, 2018 (BID DEADLINE)

IF one or more qualified bids are received by the Bid Deadline, an Auction will take place on June 20, 2018 at 9:30 AM in open court.

Additional Details

Nearest MSA: Alexandria
County: Rapides
Highway Access: Close Proximity to Interstate 49 and LA Hwy 167
Rail Access: Yes
Airports: Alexandria International Airport
Site Description: 1,390 Acre Industrial Park
Area Description: Pineville is located near Alexandria in central Louisiana (Cen-LA)
Tenancy: Single Tenant
Total Number of Buildings: 7
Property Condition: Good
Zoning Description: Not Zoned. Previously used as an industrial site.
Water Service: Municipal, Well, Other
Sewer Type: Other

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,417 32,259
Median Age: 34.35 36.04
Households: 1,818 12,299


Photograph of Listing Agent

Jessie Hynes Babcock

Beau Box Commercial Real Estate Baton Rouge, LA 70808
The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.