NEWPORT BEACH, Calif. (Business Wire) -- With about six weeks until the bid deadline, the online auction (www.LFC.com/726R3) of fourteen land parcels, stretched across Mississippi, Alabama and Florida, continues to attract considerable interest from buyers.
The properties totaling more than 7,000 acres comprise of nine parcels located in northern Mississippi, one parcel outside Tuscaloosa, Alabama, and four in Dixie County, Florida.
ALABAMA: ---------------------------------------------------------------------- +/-474 acres in Fayette County FLORIDA ---------------------------------------------------------------------- +/-480 acres, +/-1609 acres, +/-1662 acres, +/-3364 acres in Dixie County MISSISSIPPI: ---------------------------------------------------------------------- +/-43 acres, +/-80 acres, and +/-480 acres in Pontotoc County +/-103 acres and +/-151 acres in Benton County +/-140 acres and +/-154 acres in Lafayette County +/-588 in Marshall County +/-78 in Yalobusha County
Many of the properties once served as tree farms and still retain harvestable timber and timberland investment, while others offer development opportunities, or recreational use such as hunting.
It is important to note that the +/-80 acres parcel located in Pontotoc County is just a few miles from the proposed Toyota plant in Blue Springs, where the first U.S.-made Prius' will be manufactured.
"We have received a significant amount of interest in the properties on a local, regional and even international level. It's mostly due to the online nature of the auction," states Bill Lange, president of the LFC Group of Companies. "With all pertinent information, maps, and photos available to anyone with Internet access, the ability for a buyer to participate without even having to leave their computer makes it an attractive investment opportunity."
The bid deadline is September 25, 2008. Prospective buyers are able to review important property and auction information, including documents, disclosures, images and maps, by visiting www.LFC.com/726R23.
LFC Group of Companies For more than 30 years, the LFC Group of Companies have served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. www.LFC.com (Commercial) www.FRE.com (Residential)
LFC Group of Companies
Kelly Lovegrove
949-706-6113
klovegrove@lfc.com
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