UCC Auction - NJ Office Building

New JerseyUCC AUCTION DATE: Tuesday, July 2, 2024 at 11:00 a.m. (ET) The Subject collateral consists of an 88,300± SF multi-tenant office building on 5.4± acres located at 80 Cottontail Lane, Somerset, NJ. The four-story, class-A office building is located directly off I-287, near I-78 and I-95, and is surrounded by commercial stores and dining options. The building has a large parking lot, security system, food service onsite, onsite property management and sits well-positioned in a dense commercial hub. At 11:00 am (EST) on July 2nd, 2024, The Secured Party will sell at public auction all limited liability company interests in 80 Cottontail RE Holdings LLC a ___ Limited Liability Company, (such entity, the “Pledged Entity”). As of April__, 2024 the interests secure indebtedness owing by the Pledged Entity to Secured Party in the amount of not less than $6,200,000, plus unpaid interest, late fees, attorney’s fees, and other charges including costs to sell the Membership Interests (“Debt”). Full Notice and Terms of Sale are available upon request.