IRVINE and SILICON VALLEY, Calif., Feb. 8, 2016 /PRNewswire/ -- Not often does an investor get an opportunity to own an iconic building featured on millions of televisions across the country. However Ten-X (formerly Auction.com), the nation's leading online real estate marketplace, presents that rare opportunity with the upcoming sale of 14 Crossroads Court, Newburgh, NY, a mixed-use property famous for being the home of Orange County Choppers, the custom motorcycle manufacturer featured on popular television programs such as "American Chopper." The online auction will occur on the company's Auction.com platform March 7-9. With original 2008 construction costs exceeding $12.5 million, the opening bid is set for $900,000.
The property will be the home to new reality television series "Orange County Choppers: American Made" debuting Feb. 20 on A&E. The property was custom-constructed in 2008 for Orange County Choppers and served as the main filming location for "American Chopper," which aired through 2010 and became a reality television phenomenon. It has since undergone expansions into various revenue-producing businesses including retail, dining, industrial and even a bowling alley while becoming a local and regional tourist destination.
"We have sold many unique, high-quality properties on the proven Ten-X platform and 14 Crossroads Court is certainly no exception," said Ten-X Commercial Real Estate Division General Manager Gordon Smith. "We are excited about the increased exposure we can provide this high-profile asset — especially with it being the subject of a new chapter in the Orange County Choppers' history, already a mainstay in today's pop culture world. Ten-X is capable of giving investors across the globe unmatched access to these types of opportunities."
Located at the intersection of New York State Thruway (Interstate 87), Interstate 84 and State Route 17K, the two-story, 61,305 square-foot building has Orange County Choppers as its sole tenant, leasing 64-percent of the property. The asset comprises 4.27 acres with 253 parking spaces, many of which are located underground.
Ten-X is teaming with CBRE to present 14 Crossroads Court. For more information, please click here or call 844-694-4976.
Ten-X (formerly Auction.com) is the nation's leading online real estate marketplace, having sold 200,000+ residential and commercial properties totaling more than $37 billion since 2007. Leveraging desktop and mobile technology, Ten-X allows people to safely and easily complete real estate transactions entirely online. The company brings a breadth of quality assets to the market, attracting prospective buyers through world-class marketing and leveraging a scalable technology platform to conduct transactions in a transparent, efficient manner.
Ten-X empowers consumers, investors and real estate brokers around the world with unprecedented levels of flexibility, control and simplicity – and the convenience of transacting properties whenever and from wherever they are. As real estate continues to move online, Ten-X is uniquely positioned to be at the forefront of this dramatic behavioral shift.
Ten-X is headquartered in Irvine and Silicon Valley, Calif., and has offices in key markets nationwide. Investors in the company include Google Capital and Stone Point Capital. For more information, visit Ten-X.com.