Real Estate Auction - Waste Processing Facility - 43.87+/- Acres
Real Estate Foreclosure Auction 23-73 - 25.30-Megawatt Power Plant & Automated Front-End Waste Processing System - 188,936+/-SF Complex - 43.87+/- Acres - Support Equipment - RE: Penobscot Energy Recovery Company \\\\"PERC\\\\" - 29 Industrial Way, Orrington, Maine - Auction Date: Wednesday, July 12, 2023 at 11AM - The above stated price is the tax assessed value and a place holder only. The lender reserves the right to bid at the auction. - EST - All real estate and personal property will be sold together as an entirety. - Facility Preview: Tuesday, June 20, 2023 from 9AM-12PM Contact auctioneer's office to schedule an appointment. A tour of the facility will begin from the Administration building. Attendees will be asked to park at the admin parking lot and sign in at the office. A hard hat and safety glasses will be provided. Attendee must wear industrial grade work boots/shoes (no open shoes will be allowed). Attendees will be required to sign an indemnification agreement before touring the facility. - The PERC Plant consist of a 12-building industrial complex containing 188,936+/-SF. The facility operates as a 25.30-Megawatt power plant with an automated front-end waste processing system. It was constructed between 1988 and 1996 with updates and was completed to service the municipal solid waste needs of communities in eastern, central, and mid-coast Maine. - The plant is currently operating and uses an automated solid waste processing system that has (2) Terminators which shred and size all of its waste, and then automatically feed this waste into the incinerators to fuel the power generation system. - The complex is sited on 43.87+/- acres and it has extensive frontage on Industrial Way with secondary frontage on River Road. The parcel is generally level and is located in the Genera Industrial \\\\"I\\\\" Zone. The parcel can be referenced on the Town of Orrington tax maps as Map 5, Lot 67C. - Terms: A $50,000 deposit (nonrefundable as to highest bidder) in CASH or CERTIFIED U.S. FUNDS, made payable to the Keenan Auction Co., Inc. (deposited with the Auctioneer as a qualification to bid), increased to 10% of the purchase price within 5 business days of the sale, with balance due and payable within 45 days from date of auction. The property will be sold by public auction subject to all outstanding municipal assessments. Conveyance of the property will be by release deed. All other terms will be announced at the public sale. For a Property Information Package contact the auctioneers office and request by auction #23-73. Our 51st Year and 8,563rd Auction.
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