Tuesday, October 15 • 9 am to 2 pm
Tuesday, November 12 • 9 am to 2 pm
Other times by Appointment
Equipment Selling as Package, Real Estate Lease is Assumable/Negotiable
Norfolk Southern Rail Spur with Rail Car Unloading/Loading Capability
335,400± gallon Tank Farm, Some Insulated w/Heat, Concrete Containment Walls
768± sq. ft. Modular Office Building with 2-Offices, Conference Room, Bathroom, Kitchen, Deck/ADA Ramp
Square D Model 6 Motor Control Center, VFD'S, Transformers, Sullair Compressor, York Shipley Boiler
PLANT SUMMARY: The Chesapeake Green Fuels Site was originally built in 2006/2007 and had an initial production capacity of approximately 5 million gallons per year. In 2009 the plant was upgraded with a new multi-feedstock pretreatment system which included bleaching/filtration. FFA reduction process was upgraded with a Glycerolysis system, methanol distillation and a methyl ester distillation system was added. Plant capacity was increased to approximately 10 million gallons per year. The plant is now idle and will be sold during a sealed bid auction process.
6.0± Acre Site, 6,944 Sq. Ft. Production Bldg, 3,000 Sq. Ft. Utility Bldg, 768 Sq. Ft. Modular Office Bldg, 335,400 Gallon Tank Farm, Facility Surrounded by 6’ Chain Link Security Fence, New Owner can Assume Lease and Operate On-Site or Re-locate Equipment, Plant Process and Design by Desmet Ballestra Group, Construction by Fagen Engineering, LLC.
To view other documents that may aid in your due diligence, please complete and return this release.
The refinery is leased from Norfolk Southern Company pursuant to a Lease Amendment effective January 4, 2010. The leased property is served by a rail siding to the refinery which connects the refinery to a main rail line.
The Lease provides for three (3) renewal terms of five (5) years each, with the final term expiring November 30, 2029. Rent is paid in one annual payment, currently $43,796.68 and there is an annual rent escalator indexed to the CPI. The successful bidder who assumes the Lease will be responsible for pro-rated rent after the date of settlement, over and above the purchase price.
The Lease contains a provision that allows its assignment with the approval of the Lessor, whose approval is not to be unreasonably withheld. A successful bidder with appropriate financial and technical credentials should be able to assume the Lease. Bidder Kits will include further information, including a copy of the Lease and contact information for the Norfolk Southern leasing representative.
The Lease also provides the option for the equipment to be dismantled and removed so that it can be transported to and used at another location. A successful purchaser wishing to remove the equipment will be responsible for all costs of removal, including leaving the refinery premises in clean and safe condition after removal.
The buyer does not have to assume the existing lease. They can renegotiate the terms based on their future use of the site.
Broker Participation is welcome but not required. A 1% commission will be paid to the licensed broker who, at the time of registration, 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.
All bids are subject to Seller’s acceptance on or before Thursday, November 14 at 4 PM CDT. Bidders will be notified of the Seller’s decision in writing via email. At this time, the Seller, in its sole discretion, may either declare one of the bidders the winner and the auction process ended or in the event of a tie, the Seller may invite the high bidders to participate in a limited live auction. Should the auction process continue to a limited live auction, the event will be held on Friday, November 15 at 11:00 AM CDT. Buyers will be able to participate via phone.
Buyers are strongly encouraged to submit their highest and best offers by Wednesday, November 13, 2019 at 4 PM CDT. The Sealed Bid Auction process is binding and offers are non-revocable, buyers should request and thoroughly review all documents prior to submitting a sealed bid offer.
Selling Subject to Owner Confirmation and Subject to Prior Sale. Selling AS-IS, WHERE-IS WITH NO WARRANTIES, GUARANTEES, EXPRESS OR IMPLIED. 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.