Former Weaver properties undergoing utility severance
April 30, 2013
Those who pass by the former Weaver property this week may spot construction workers on the site, as the utilities between the two buildings are severed.
"Two buildings originally operated as one, and we did a lot line adjustment so we can give it to two different buyers," said Lock Richards, managing director for real estate firm Sperry Van Ness Highland Commercial.
The utilities the two buildings formerly shared — power, electrical, water, sewer and irrigation — will allow a potential buyer to access the second unsold property apart from the other.
The 30,000-foot property at 400 Idaho-Maryland Road was built by Tom and Matt Weaver, former owners of Weaver Truck and Auto Sales, in August 2006.
The business then faced economic hardship and put the property on the market, which was purchased by its previous owner, Donald P. McCredie, March 26, 2012.
McCredie put the property back up for sale about four months later, and it has been on the market since, though prospective buyers have shown interest, Richards said.
"We have the back building in escrow, and the front building is close to being put in escrow," Richards said.
"We're probably looking sometime in June if they go forward. They're contingent offers on some other things, so it's not a sure thing yet."
To contact Staff Writer Jennifer Terman, email email@example.com or call 530-477-4230.