NORTHBROOK, Ill., Oct. 14, 2013 (GLOBE NEWSWIRE) -- Hilco Global Real Estate, announces an upcoming auction on November 26th for The Andrada Ranch, a 271 deeded acre Headquarters with proven water resources & 16,237 acres of a 10 year Arizona State Trust Land Department Grazing Lease. This fully operational ranch is located just 40 minutes east of Tucson International Airport at 17000 South Old Sonoita Highway, Vail, AZ 85641, USA.
Arizona's open ranges, rugged landscape, and rough-and-tumble settlement history harken back to a time when America's west was still "wild". As one of the largest and last remaining ranches of its kind, The Andrada Ranch embodies that same early American spirit, while offering all the amenities and comforts of a world-class working ranch.
This "one of a kind property" is perfect for a dude or resort ranch, an exclusive private, corporate retreat or a secure private estate. A development, conservation easement, tax credits, and trading or selling the water rights should be considered.
Special features of the property include panoramic views of Tucson city lights and Empire, Catalina and Rincon Mountains, year round westerly breezes, fantastic horseback riding, and excellent A-rated schools and the University of Arizona. Buildings include a recently-renovated main residence, a foreman's house, and a bunkhouse apartment that was extensively remodeled in 2013, as well as numerous, well-maintained ancillary ranch buildings. In addition, the property includes a full inventory of equipment, fine working horses and owner purchased and maintained ranch vehicles.
Ted Notz, whose family owns the Andrada Ranch stated, "After 26 years of owning, improving and operating the ranch, my wife and I have decided that it's time to retire from ranching."
The bids of this sealed bid auction sale are due, November 26th by 3pm PST. Bids are to be submitted to the offices of Hilco Global Real Estate, Attention Andrada Project Manager, 5 Revere Drive Suite 320, Northbrook, IL 60062.
Interested buyers can inspect the property by attending one of our on-site inspections. The first inspection is scheduled for Friday November 1, 2013. Please call Hilco for an appointment and the dates for the future site inspections.
"This is an extremely rare opportunity to acquire an exceptional, world-class ranch property at an auction price," said Alan Kravets, Arizona Broker and Senior Consultant and Auction Specialist of Hilco Global Real Estate.
"There are a multitude of potential uses for this property. A high net-worth individual could make this his or her private, secure family estate, mountain retreat or luxury ranch. A rancher could take advantage of the current infrastructure in place, the 10 year State Trust Land Lease of 16,237 acres of grazing leasehold, and proven water resources. A development company could subdivide the property and create an amazing residential subdivision. The sky's the limit."
A detailed Bidder's Information Packet is available for the property, containing property specific information, an explanation of the auction process and the Terms of Sale. The purchase of the packet is required to bid and will be available at all viewing opportunities for $50 ($75 for a print version) or by contacting the Project Manager at (847) 418-2700.
Auctions continue to grow as one of the leading asset disposition strategies for private owners, businesses, and financial institutions across America due to their swift timeframe, transparency, and surety of closing and Hilco is a leader in this industry.
For more information about bid qualifications and further details about this property or other properties available at auction, please contact Alan Kravets at (847) 504-3268, email akravets@hilcoglobal.com or visit www.AndradaRanchAuction.com or Andrada Ranch Project Manager at 847.418.2703, email jazuse@hilcoglobal.com .
About Hilco Global Real Estate: Hilco Global Real Estate, ("HRE") is a Hilco Global company, is headquartered in Northbrook, Illinois (USA). HRE is a national provider of accelerated real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist both healthy and distressed clients to derive maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex deals.
Gary Epstein Hilco Global Office: 847-418-2712 Mobile: 847-323-4943 Email:
