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Tuesday, September 11, 2007

BP Offers 34 Branded Gasoline Stations and Commercial Properties in Ohio

Source: NPN
NRC Realty & Capital Advisors, LLC (NRC) announced Sept. 10 that BP has retained the company to coordinate the sale of 34 sites located throughout Columbus, Cleveland and Cincinnati, Ohio marketing areas. Of the 34 sites, 17 are BP branded gasoline stations of which two are closed and can also be offered for redevelopment for other commercial use. The remaining 15 sites will be offered for commercial redevelopment, including two vacant land parcels.

"The BP brand is distinctive in Ohio," said Hope Mineo, managing director of NRC. The BP sites are being sold through NRC's sealed bid sale process. The deadline for sealed bid submission is Nov. 8.

NRC will conduct a How-To-Bid Seminar on Oct. 18 in Columbus, Ohio. Interested parties are encouraged to attend. For reservations, contact the NRC Customer Service Center at 800.747.3342, extension 717.

NRC has prepared a complimentary color portfolio brochure with site information summaries and maps that can be obtained by calling 800.747.3342, ext. 717. To submit a bid, bidders must obtain a property specific package (PSP) for each site to be bid upon. Each PSP contains a site specific bid package, including bid instructions, a bidding form and purchase contract. Each PSP additionally contains site-specific due diligence information, such as a title commitment, survey and environmental information. PSPs may be purchased from NRC in either hard-copy or CD-ROM format at $35 and $25, respectively.

NRC Realty Advisors specializes in the accelerated sale of North American commercial real estate property. With a concentration in the convenience store industry, NRC provides divestiture, commercial and financial advisory real estate services. For more information, visit the company's Web site at nrc.com.