SOURCE: John Dixon & Associates

John Dixon & Associates

November 28, 2011 11:23 ET

Bank Office Buildings to Sell at Auction in Texas, Illinois, Georgia, Alabama, Mississippi, Tennessee

MARIETTA, GA--(Marketwire - Nov 28, 2011) - Office buildings with operating bank branches and additional office space in Georgia, Illinois, Alabama, Mississippi, Tennessee and Texas will sell in a three-day series of seven commercial property auctions, with John Dixon & Associates managing the events.

"This is one of the best opportunities I've seen in quite a while for somebody who seeks to own a quality office property, much of which is leased years in advance, in a central business district or excellent location," said John Dixon, president of the auction company.

All of the buildings currently are occupied by Regions Bank branches, with leases that extend into 2020. Each is 34 percent or more leased, with office space ranging from 6,221 square feet to 39,950 square feet. Each will be sold on location.

Tuesday, Dec. 13, 2011:

Dallas, Ga., 10,765 square feet at 26 Citizens Square, beginning at 10 a.m. The building is 42.1 percent leased through June 2020, with another 12.2 percent leased through October 2012.

East Alton, Ill., 13,017 square feet, at 347 West Main Street, beginning at 10 a.m. The building is 61.8 percent leased through June 2020.

Nashville, Ill., 10,565 square feet, at 112 East St. Louis Street, beginning at 2 p.m. The building is 39.2 percent leased through June 2020.

Wednesday, Dec. 14, 2011:

Selma, Ala., 22,108 square feet, 101 Church Street, beginning at 10 a.m. The building is 50.9 percent leased through June 2020.

Mt. Olive, Miss., 6,221 square feet, 515 Main Street, beginning at 4 p.m. The building is 65.3 percent leased through June 2020.

Harriman, Tenn., 22,542 square feet, beginning at 4 p.m. The building is 34.1 percent leased through June 30, 2011.

Thursday, Dec. 15, 2011:

Nacogdoches, Texas, 39,960 square feet, 300 East Main, beginning at 11 a.m. The building is 43.9 percent leased through June 30, 2020.

Individuals seeking additional information may contact the firm at 770-425-1141 or visit www.johndixon.com.

John Dixon & Associates, based in Marietta, Ga., is a leading auctioneer of bank-owned properties throughout the United States. More auction communications.

Contact Information

  • For more information:
    Carl Carter
    205-823-3273