The terminal was appraised at $3.75 million, according to CF. The court-ordered auction has set a minimum starting bid of $895,000 for the property, located at 9860 Eagle Dr., near Interstate 94. The 96-door terminal is located on 7.62 acres. A contiguous 4.62-acre parcel is included in the sale.
Each of the docks in the building are approximately 30,000 sf and have a 60-foot width. The building also includes about 4,200 sf of office space. The 75-year-old facility was closed in 2002, when 238 CF employees were working there.
A reserve auction has been scheduled for May 20.
To date, 198 CF properties throughout the United States have been sold for more than $335 million as part of the bankruptcy liquidation.
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