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Compass Real Estate Closes Eagles Landing for $2 Million | Atlanta

Compass real estate The Compass Real Estate Team is honored to announce the closing of 8.84 commercial acres located off of Eagles Landing Parkway and Country Club Drive in Atlanta, Georgia.  The project is one of more than 26 assets entrusted to Compass Auctions & Real Estate to list and sell on behalf of the Federal Deposit Insurance Commission (FDIC).  Compass, with offices in Nashville, Chattanooga, Western Kentucky and Atlanta works closely with Special Assets Consultant T. Kyle Swicegood, CCIM to assist in the disposition of assets nationwide.

The Eagles Landing Development was assigned to Project Manager Justin Ochs, VP of National Development for Compass.  Ochs worked diligently with FDIC officers over the past several months to identify potential developmental concerns and effectively transfer the commercial acreage back into the public’s hands.

“Additionally, Ochs and Compass Real Estate conducted an exhaustive search through specially designed marketing techniques. Identifying cash buyers who could overcome any potential concerns.”

Compass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landingCompass real estate eagles landing

 

 

 

 

The Eagles Landing Parkway Development consists of 2.24 +/- acres on the corner of Eagles Landing. With  additional 6.51 +/- acres located on Country Club Drive, for a total of 8.84 acres.  Furthermore, Ochs worked with buyers to identify and overcome erosion control issues, buffer zones and ingress and egress issues. Successfully selling the entire development in 5 months.

The property was listed and sold by Team Compass for a total of $2,000,000.  FDIC Officers and Asset Managers have been extremely pleased with the performance of properties. These properties were listed across the state of Georgia by the Compass Real Estate Team.

Compass Selected to Sell Property Adjacent to Turner Field

Propety Adjacent Turner Field

Chattanooga, TN – Compass Auctions & Real Estate, LLC an auction and real estate firm headquartered in Chattanooga, TN was recently selected by the Federal Deposit Insurance Corporation (FDIC) to list and sell a real estate portfolio in the Metro and Southern Atlanta area totaling nearly $20 Million.  The highlight of this particular group of properties is 40 parcels of property adjacent to Turner Field Stadium.

The 40 parcels equal 4.67 acres and are located between Hank Aaron Drive SE and Georgia Ave SE in the Atlanta metro area of Fulton County, Georgia. Since 1997 the MLB Atlanta Braves have been using the Turner Field ballpark as their home field. In November 2013, they announced the intent to depart for a newly built ballpark located in Cobb County, Georgia. The Atlanta Braves will play their final regular season home game at Turner Field on October 2, 2016.

Compass Auctions & Real Estate, LLC will represent the FDIC in the sale of the remaining 40 parcels.

With the announcement that the Turner Field area would likely go under significant change with the departure of the Atlanta Braves organization; Atlanta Mayor, Kasim Reed, announced that the Turner Field stadium and the surrounding parking areas would be up for sale and redevelopment opportunities in late 2016. Several entities expressed interest and in 2015, the Atlanta Fulton County Recreation Authority announce that Georgia State University and a local development company had placed the winning bid for Turner Field.

Compass Auctions & Real Estate, LLC will represent the FDIC in the sale of the remaining 40 parcels. The properties are zoned MRC-1-C, which stands for Mixed Residential Commercial District, providing an appropriate balance and scale of pedestrian‐friendly, commercial uses that meet the needs of the residents in the district.

Compass provides traditional real estate and auction services for real property and industrial assets throughout the southeast with offices in Chattanooga, TN, Nashville, TN, Western Kentucky & Atlanta, GA.  For more information regarding these assets please call (800) 729-6466, or visit www.SoldonCompass.com

Contact: Justin Ochs jochs@soldoncompass.com 800-729-6466

Property Adjacent Turner Field

Turner Field Adjacent Property for Sale

Another Satisfied Client For Compass

Justin Ochs, VP of National Development for Compass Auctions & Real Estate, recently received accolades from client Wendy Barritt. Ms. Barritt recently utilized Justin and his real estate professional expertise and services.

She had this to say,”Buying or Selling a home can create a turmoil of emotion and stress, especially when you are trying to do both at the same time!  This team put me at ease through the whole process. They provided excellent professional and personal customer service. They do a marvelous job learning about what kind of home you are looking for and at the same time will do their best to get the most for the house you are trying to sell. I never felt pressured or rushed and were very patient with how many homes I wanted to look at. Without question I would recommend them to anyone looking to buy or sell a home!”

Great job and well done Justin!

Compass Auctions and Real Estate logo

Ochs Closes More Than $9 Million in Real Estate Transactions for 2014

Team Compass employs individuals of the highest caliber to care for their clients.  It was no surprise when our Principal Broker and VP of National Development, Justin Ochs, shattered company records with an outstanding 2014 real estate season.

Justin’s passion for excellence, customer care, and pursuit of excellence has allowed him to reach new heights in the real estate industry.  Notable closings included an office building on 4 acres located in Thomposon’s Station, TN.  Ochs used his network to attract the attention of Dave Ramsey, multi-millionaire and noted financial guru.  Mr. Ramsey purchased the building for $1.9 million.  Other notable transactions included the sale of Arbor Crest Subdivision in Mount Juliet for $1.4 million, and several commercial tracts in downtown Knoxville for $1.3 million.

justinochsandfamily

Justin’s expertise also gained national attention in 2014.  The asset managers for the Federal Deposit Insurance Corporation (FDIC) awarded Justin a $30 Million real estate portfolio to list for sale in the traditional marketplace.  Ochs worked closesly with Special Assets Consultant T. Kyle Swicegood, CCIM to manage and broker the sale of these assets.

“I rely on real estate professionals across the country; Justin Ochs is my most trusted professional,” stated T. Kyle Swicegood.  ”He knows how to take complex assets and market them in a way that brings about the highest value. Trustworthy, hardworking and a student of real estate. He is the go-to person in the Tennessee marketplace.”

Ochs also served a number of residential buyers in 2014 overcoming obstacles to ensure buyer’s  every need was met, and closings continued as scheduled.  One of the most memorable he recalled was a transaction with Tim & Renee Sherk moving from Dade City, FL.  The Sherks had 3 weeks to find a home, get moved in, and prepare their children for the next school semester.  Justin not only kept the transaction on schedule, but had builders complete interior remodeling projects to their chosen home before and after closing.

“Thank you so much for all your efforts in making our move and new home so special, “Renee Sherk stated.  ”Thanks for going above and beyond to cover other’s mistakes at times.  You are a class act!”

Ochs not only set record sales in 2014, he began to develop and continues to build a top performing real estate team across the southeastern region.  Justin currently trains Compass agents from across the state and has opened new offices in Western Kentucky and Atlanta, Georgia.

“One of my favorite quotes is from Zig Ziglar,” Ochs commented. “‘You don’t build a business. You build people, and then people build the business’.  We are in the business of building people, building the business is just something we get to enjoy along the way.”

Justin encourages you to seek out a Compass Agent in your area for your next real estate transaction.  Links to these professionals can be found below:

Wilson/Rutherford County – Ray Hubner & Stephanie Hubner

Davidson/Sumner County – Alexzandra Geyerman

Hamilton County – Chris Wood & Miller Haynes

Western Kentucky – Joshua Abner

For more information, Contact Compass Auctions & Real Estate Corporate Division at (423) 702-6180, or their Nashville Division at (615) 757-3339.

COMPASS REAL ESTATE SELLS ZIPS GAS STATION FOR $1.31 MILLION

Compass Real Estate Sells Zips Gas Station for $1.31 Million

Lebanon, TN (4/29/2014) – Compass Real Estate is excited to announce the closing of the Zips Gas Station located at 1137 Castle Heights Ave in Lebanon, TN.  This property is one of more than 25 properties entrusted to Compass Real Estate to list for sell on behalf of the Federal Deposit Insurance Corporation (FDIC).  Compass Real Estate, with offices both in Chattanooga and Nashville, works in association with The Swicegood Group, Inc. of North Carolina to assist in the disposition of FDIC-owned real estate nationwide.

This gas station was assigned to FDIC Project Manager Justin Ochs, Principal Broker/Lead Auctioneer for Compass’s Nashville Division.  Justin quickly resourced Compass’s extensive database of national and international buyers.  Within 30 days and before a list price could be issued by FDIC, Justin brought 5 competing buyers to the table.  A final call for highest and best offers was issued as soon as the list price was announced in early December.

Built in 2001, Zips Gas Station offers the perfect location placed at the corner of N. Castle Heights Ave and N. Cumberland St.  The convenience store encompasses 6,649 +/- square feet of gross building area with an automated carwash and 14 covered gas pumps.  The location, high traffic area, and array of income producing amenities made this gas station an easy buying decision for interested parties.

This property was listed and sold by Team Compass for $1,310,000.00.  FDIC Officers and asset managers have been extremely pleased with the performance of properties listed across the state of Tennessee by Team Compass.

Justin Ochs, M.S., CAI Principal Broker/Auctioneer Compass Auctions & Real Estate Nashville Division TennesseeAuctioneer.com “Choosing the right company to handle your auction often makes the difference. With a passion for excellence and extraordinary performance, Compass Auctions & Real Estate works to secure the highest dollar for your assets”

Compass Auctions – Serving Tennessee, The South East, U.S. and Worldwide

Compass Auctions Providing Auction Services in Tennessee, Southeast, U.S, and Worldwide

Compass Auctioneers & Team Members

Compass Auctions providing auction services in Tennessee, Southeast, U.S, and Worldwide

Where has the Compass Auctioneers & Team been in the last few days!

  • Chattanooga, Tennessee
  • Kissimmee, Florida
  • Knoxville, Tennessee
  • Nashville, Tennessee
  • Dallas, Texas
  • Cincinnati, Ohio
  • Atlanta, Georgia
  • Los Angeles, California
  • San Diego, California
  • Louisville, Kentucky

Compass provides top level customer service and auction strategy, planning, staging, and marketing to multiple industries and individuals.

Compass Team Professionals are Available For Every Auction or Real Estate Scenario:

  • Traditional Real Estate
  • Real Estate at Auction
  • Industrial Asset Management &  Surplus Auctions
  • Power Plant Decommission & Asset Management
  • Investment Recovery Auctions & Management
  • Homes & Estates of Distinction
  • Estate Auctions
  • Farm & Ranch
  • Heavy Equipment Auctions
  • High End “Specialty Asset” Auctions
  • Fundraising, Benefit & Charitable Event Specialist
  • Luxury Estates
  • FDIC Real Estate Agency
Selling at Auction

Historians cite auctions as the oldest means of selling in human history, dating as far back as 500 BC. Auctions provide a place for capitalism to flourish in its basest form, as it has since the development of money. At auctions, supply and demand truly interact; buyers determine the demand, and sellers determine a supply. This competition shows the true market value of an item. Prices at auction are determined by fair-market competition. On a more personal note, auctions give you the chance to sell your items – be it real estate, heavy equipment, tools, and personal property – on a certain date. No more waiting, no more listing, no more spending your time marketing! Auctions take care of all of those things, and Compass can help you in that endeavor.

We offer consultations and opinions of value in order to give you all the facts you need before selling. Once contracted, we will market your property and assets via online marketing services, local print advertising, social media, email, nationwide networking, and more. Our staff has training and experience with marketing real estate and assets of all shapes and sizes, so feel confident that Compass gets your real estate and assets marketed to the right buyers in a professional manner.

Be comfortable when selling your items with Compass Auction & Real Estate. Auctions offer a competitive bid process that allows for almost everyone to participate. This allows your real estate and assets much more exposure than they would receive through traditional marketing. Here at Compass, our 38 years combined experience in the auction world gives us the tools and resources to do the job well. We will be fair, honest, and completely transparent. Our staff will be available to you throughout the entire process. Most asset-based auctions will be settled out within 10 business days, and most real estate auctions closed and funded within 30 days.

Let Compass field the calls, do the showing, and answer the emails, and manage the buyers. Compass Auctions & Real Estate does C.A.R.E.

Compass Auctions & Real Estate provides solutions and professionals to fit your specific needs.

Contact a Compass Team Member to find out how our company can assist you.

info@soldoncompass.com or 423-702-6180

 www.SoldonCompass.com

 

Compass Auctions Making Headlines in Bloomberg Business Week

stator pic from news sentinel-by Adam LauBloomberg.com Businessweek.com

Bloomberg Businessweek

ENERGY SECTOR » OIL, GAS & CONSUMABLE FUELS INDUSTRY »

Surplus TVA equipment finds new life through auctions [The Knoxville News-Sentinel, Tenn.]

Oct. 12–Surplus TVA equipment finds new life via auctions

It’s very easy for a valve meant for a TVA power plant to have a career in an oil refinery or a paper mill instead.

Don Williams, co-owner of Mobile, Ala.-based Industrial Valve, said that’s why his company bought about $90,000 worth of valves at a recent TVA auction.

“Valves are a very general piece of equipment and can cross industries very easily,” he said.

And that’s why he plans to go back to Hartsville, Tenn., when TVA holds two more auctions there Oct. 22 and Nov. 19, both at 9 a.m. CST.

“I would say about 95 percent of the material is new and unused,” Williams said. “For a surplus dealer, when you buy something you don’t have to put a lot of labor into in order to sell it, that’s great.”

The Tennessee Valley Authority is liquidating about $30 million in surplus materials and equipment through three auctions, the first of which was held Sept. 24.

Chattanooga-based Compass Auctions is handling the auctions, which are held at TVA’s warehouses at 488 J.D. Hood Lane in Hartsville, which is northeast of Nashville.

About 22,000 lots of inventory will be on sale at the October and November auctions. TVA spokesman Scott Brooks said this means many more than 22,000 items, though.

“One lot might be 500 bolts,” he said.

There are five warehouse buildings full of industrial equipment and materials to be auctioned, said Paige Holt, president of Compass Auctions. Inventory includes a wide range of surplus equipment, road trucks, trailers, heavy equipment, forklifts, Mack trucks, electrical equipment, transformers, valves, pumps, hydraulic cylinders and other items.

The Hartsville facility is on the site of a nuclear plant that TVA began building in the 1970s but then canceled construction in the mid-1980s. Hartsville is a major holding facility for surplus inventory from all over TVA’s seven-state service area, Brooks said.

The federal government-owned utility provides electricity for business customers and local power companies that serve some 9 million people in parts of seven states.

TVA’s Investment Recovery division, based in Chattanooga, keeps track of the surplus inventory and tries to sell it and get the best return for TVA, Brooks said.

These items are things that TVA bought but did not use. They might be materials and equipment left over from a project at a TVA site or just a case of not needing all items that were ordered.

“In most cases, TVA will try to sell it back to where we bought it, but if we can’t, we will look to see if we can reuse it in some way,” Brooks said.

If a use can’t be found, the item is declared surplus and sent to a holding center for auction.

Although TVA has instituted several cost-cutting initiatives this year, the auction is not part of that, Brooks said. TVA holds auctions from time to time as it accumulates surplus inventory, he said.

“We just decided this was a good time,” he said.

Holt said her company has worked with TVA on auctions before. In May, Compass auctioned surplus inventory from a TVA project to replace steam generators at its Sequoyah Nuclear Plant. The inventory there ranged from radiation monitoring equipment to fire extinguishers, welding equipment, hand tools, sheet metal and other items.

The TVA auctions draw an assortment of buyers, Holt said.

“We will have everything from industrial surplus companies to scrap and metal yard companies, power and energy companies, construction companies,” she said.

The Sequoyah auction drew about 640 people to the site and the September Hartsville auction drew about 400, Holt said. She expects about 400 people at the next two Hartsville auctions. People are able to take part in the auctions either in person or online through the company’s website, Holt said.

TVA’s auctions not only help her company and the buyers, but also allow TVA to get some money back to help keep electric rates lower, she said.

Williams said his company makes good use of auctions such as those held by TVA. Industrial Valve, which has operations in Alabama, Louisiana, Indiana and Cleveland, Tenn., provides various valve-related products and services, but a good bit of its focus is on surplus valves.

The company markets these as “better than new” valves that have never been used but which it sells at a discount price and with a warranty.

It also touts the quick availability of the valves compared with the time it can take a customer to order a new valve. The valves he buys at auction from TVA will pass from his company to many others, Williams said.

“We have a clientele that includes power companies throughout the Southeast, like Entergy and Southern Company, but we also do a lot of business with refineries such as Chevron, and we do paper mills,” he said.

 

 

 

 

 

 

 

 

©2013 Bloomberg L.P. All Rights Reserved. Made in NYC Ad Choices

Image: Adam Lau – Knox News Sentinel

Compass Auctions & Real Estate To Sell Over $30 Million Of TVA Government Surplus Nuclear And Coal-Fired Inventory

Compass Auctions & Real Estate has been selected to auction over $30 million of TVA’s nuclear and coal-fired plant surplus inventory from multiple locations throughout the Southeast.

“We are humbled at the opportunity and find it refreshing to conduct business with an organization whose focus is to provide superior service to its clients all over the Southeastern United States,” commented Paige Holt, president of Compass Auctions & Real Estate. “The Tennessee Valley Authority is striving to be more efficient and improve the quality of service they offer to consumers.”

Over 22,000 lots of Coal Fire and Nuclear Power Plant replacement parts inventory will be sold at public auction from the TVA warehouses located in Hartsville, Tn. The inventory consists of new, crated and unused electrical equipment, transformers, valves, pumps, cylinders, motors, Mack trucks, forklifts, road tractors and much more. An extensive list of items to be sold can be viewed at www.soldoncompass.com.

The inventory will be sold in four separate auctions taking place at the Hartsville location on Sept. 24, Oct. 22, Nov. 19 and Jan. 14. The auctions will be held live with live internet bidding available to allow buyers from around the world to participate in real time.

“This will be an excellent opportunity for both domestic and international buyers to purchase nuclear, coal, gas and water plant replacement parts that have never been used,” stated Steven Holt, vice president of Compass.

Compass Auctions & Real Estate is a full-service auction and real estate company with locations in Chattanooga and Nashville. Compass has over 25 years of experience with several divisions. For more information call, (423) 702-6180 or visit www.SoldonCompass.com Hartsville Flyer pg 2