The Carlisle facility is on 59 acres. It has 305 dock loading positions encompassing 137,035 sf, plus a 10,250-sf office area, a 48,000-sfshop and a 7,000-sf dispatch office and truck wash. The property has been appraised at $5.8 million by CB Richard Ellis's valuation and advisory services, based in New York. Bidders are required to provide a deposit of $580,000. A hearing to approve the results of the bidding process will be held at 10:00 a.m. PDT on Friday, July 18 in the U.S. bankruptcy court for the central district of California in Riverside, CA.
The entire CF portfolio has an appraised value of more than $400 million, making it the largest real estate sale in transportation history. To date, 100 properties in the portfolio have been sold for an aggregate $218 million.
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