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Bankruptcy Auction

By Order of the United States Bankruptcy Court for the Southern District of Texas Houston Division - The Honorable Chief Judge David R. Jones

Therma-Flite Manufacturing, LLC. Chapter 7 Bankruptcy Case No. 16-33470

Commercial Warehouse and Land Real Estate Auction

2013 Manufacturing Facility on 16+ Acres

This +/-78,000 SF Warehouse/Office was the Former Site of Therma-Flight Manufacturing LLC. It will be Selling by Court Order at a Live Auction.

Date of Auction: Thursday, June 1, 2017

Location of the Auction: 2524 Champagnolle Road, El Dorado, AR 71730

Property Description:

• +/-73,000 SF Warehouse +/-5000 SF Office on +/-16.55 Acres

• Building Built in 2013

• 2000 Amps, 480 Volts and 3 Phase Electrical Power

• High Ceilings over 30 Feet and Room For Expansion

• Concrete Floors

• Main Manufacturing Warehouse plus Multiple Wings

• Overhead Cranes may be available

• Office is Heated and Cooled

Terms of the Auction:

• Buyer will be required to execute a purchase contract and deposit earnest money at the close of the auction if they are the highest bidder or are selected as a backup bidder**

• In order to register buyer Must Have Proof of Availability of Funds and present a $25,000 Cashier’s Check made to Thomas Blackmon Realty

• 10% Buyer's Premium

• Closing in 30-60 Days, subject to Bankruptcy Court approval of the sale

• Earnest Money In The Amount of 10% of the purchase price

• Earnest Money Must be wired to Thomas Blackmon Realty by 3 PM the afternoon of the auction (The balance due less the $25,000 Cashier’s Check presented at registration)

Announcements Made Day of the Sale Take Precedence Over Printed Material

** A copy of the proposed purchase contract and proposed order to conduct auction sale are attached.


Auction Sales Contract

Agent - John Doss - 501-584-4410

Michael Hinze
Real Estate/Principal Broker
Arkansas PB00055586