TAMPA, Florida (July 29, 2015) – Homes, condominium units, commercial buildings and retail space in Florida and other southeastern states are set for auction Tuesday, August 18, as a private equity fund seeks to close out its positions. John Dixon & Associates will conduct the live auction.
“We decided to hold this auction in the Tampa area because we have the biggest concentration of real estate in that area, including several condominiums in Largo, as well as other condominiums in Pinellas, Pasco, Lee and Lake counties,” said John Dixon, president of the auction company.
Other properties include a retail building and storage warehouse in Savannah, Georgia; three commercial buildings in Fayetteville, North Carolina, and several non-performing loans.
“The fund has done a great job with these properties, and the large majority of them have tenants and are producing some excellent income, so investors will be buying into an existing cash flow. The non-performing loans create an excellent opportunity for substantial profits,” said Dixon.
The auction will begin at 2 p.m. Tuesday, August 18, at the Hilton Garden Inn Tampa NW/Oldsmar, Florida, 4052 Tampa Road, Oldsmar. The event will be streamed live for bidders who wish to enter their bids online. Individuals interested in additional information about the properties may visit www.johndixon.com or call 800-479-1763.
The event will be the first of two auctions in three days. A second auction, at 2 p.m. on August 20 in Chicago, will include real estate and non-performing loans from Chicago, St. Louis, and other cities in Ohio, Missouri, Michigan, Illinois, California and New York.
John Dixon & Associates, based in Atlanta with offices in Tennessee, Florida, North Carolina and South Carolina, is one of the nation’s largest auctioneers of real estate properties, including land, homes, developments, condominiums, farms and other properties owned by individuals, investors, banks and other institutions.