LENDER OWNED AUCTION
4 Screen Digital Cinema & Tavern
26,821 Sq. Ft. Theater & Retail Entertainment Complex on 2.52± Acres
Tuesday, August 14 - 11:00 am
108 Tulane Avenue
Alvarado, TX 76009
Built in 2010 for over $4.6 Million & Operated for 90 Days!
Sells as an Entirety or in Lots
4 Screens with Digital Projection including 1 Screen with 3-D!
22,541± Sq. Ft. 2-Story Theater with Stadium Seating
Plus 4,280 Sq. Ft. Unfinished Retail Space
Property will be offered in Lots or as an Entirety, selling whichever way brings the highest dollar!
Concrete Tip Up Construction
17,321 Sq. Ft. Concrete Paved Parking Lot with 160 Marked Spaces
Professional Landscaping with In-Ground Sprinkler System
Forced Air Heat and Air Conditioning
CCTV/Security/Fire/Commercial Phone Systems
2nd Story of Building is Finished and Accessible by Elevator or Stairs
Real Estate Includes:
POS Systems and Equipment
800 Sq. Ft. Video Arcade Room
60 Person Capacity in 2 Party Rooms
6 LG 60" Flat Screen TV’s
2 Samsung 42" Flat Screen TV’s
4 Digital Movie Theaters with NEC NC2000C Projectors
1 with Master Image M12150 3-D System and Approx. 5000 3-D Glasses
PlexCall At Your Seat Food/Beverage Call System
26,821 Sq. Ft. Entertainment/Retail Building on 2.52± Acres
Turn-Key Restaurant/Bar/Concessions/POS Systems
Theater 1 Complete Equipment Package*
AND 1-Master Image 3-D System M12150 with Approx. 5000 3-D Glasses.
Theater 2 Complete Digital Equipment Package*
Theater 3 Complete Digital Equipment Package*
Theater 4 Complete Digital Equipment Package*
12 Vest/Gun Lasertron LT-11.5 Game System with 2,000 Sq. Ft. Arena
Entirety Purchase of Lots 1- 6,
the assets will sell whichever way brings the highest dollar.
*DIGITAL PROJECTION EQUIPMENT INCLUDES:
NEC NC2000C Digital DLP Cinema Projectors with Konica Minolta Lenses and Xenon Lamps, Strong Digital Pedestals with Power Distribution D21000, GDC SX-2001A Digital Cinema Servers with Touch Screen Displays, EPRAD eCNA-10 Cinema Automation Systems, Big Sky D4000 Dimmer Systems, Tripp-Lite Smart Online UPS’s.
SOUND EQUIPMENT INCLUDES:
SLS Stage Speakers-Model S2000, SLS Surround Sound Speakers-Model 805, SLS 18” Dual Subwoofers, Big Sky S-2000 Audio Monitors, Crown DSI 2000 Amplifiers, USL Infrared Hearing Systems UPC-21’s with JSD-80 Cinema Processors, ECI-60 Electronic Cinema Interfaces and IRH-501 Headsets, Big Sky Equipment Racks.
Monday, July 30 • 10 am to 2 pm
Monday, August 13 • 10 am to 4 pm
Tuesday, August 14 • 9 am to 11 am
Other times by Appointment.
BROKER PARTICIPATION: Broker Participation is welcome, but not required. A 1% commission will be paid to the licensed Texas broker who, 1 hour prior to the start of the auction, registers the bidder who pays for and settles for the real estate. A broker buying on his/her behalf, or on behalf of any business entity in which he/she holds an interest, is not entitled to a commission.
Directions: Located near Dallas/Fort Worth Metro Area. 25 miles South of Fort Worth and 40 miles West of Dallas in well established commercial area. Corner Site with good exposure from I-35W and Hwy 67. 41,000 cars/day on I-35W; 21,000 cars/day on Hwy 67. Close proximity to Hotels.
REAL ESTATE: 8% Buyer Premium. Real Estate Persons must show $50,000 Certified Deposit at time of registration to obtain a bidding number. $50,000 Minimum Certified Deposit due on day of Sale, with a deposit equal to 20% due within 2 business days, and balance due at closing within 30 days. The Deposit money shall become Earnest Money and is non-refundable.
EQUIPMENT: 11% Equipment Buyer Premium. If the equipment lots are sold independent of the real estate, all monies are due in full within 24 hours of the auction. Equipment purchases must be removed within 14 days. No equipment can be removed from the site without full payment. Sales tax may apply. Buyers with exemption status must document this AT OR BEFORE REGISTRATION by submitting the applicable page of this Exemption Form
to Maas Companies.
Full Terms: Selling Subject to Owner Confirmation. Seller's Attorney is overseeing the closing. Real Estate & Equipment is selling AS-IS, WHERE IS WITH NO WARRANTIES OR GUARANTIES EXPRESSED OR IMPLIED. Accuracy of Descriptions not Guaranteed. See Bidder Kit for complete terms.
Internet Bidding is only available on Equipment Lots. Equipment purchases must be removed within 14 days. Items left longer than 14 days are subject to forfeiture. Removal, packaging and transportation costs are the responsibility of buyer. All sales are final.
In all transactions, Auctioneer is acting as an Agent for the Seller. Buyers are urged to inspect items prior to purchase. Seller and Auctioneer are not responsible for items. All information received from reliable sources believed to be correct but not guaranteed by the Auction Company. Any announcement made at the auction takes precedence over any material published about this event. In the event of a dispute, Auctioneer has final decision. Valid Government Issued Photo ID required to obtain bidding number.
Ronald R. Kirby, Jr. AUCTNR #13840
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