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Court-ordered auction features Arizona properties

By Gabriela Rico
Arizona Daily Star
August 16, 2015

http://tucson.com/business/local/court-ordered-auction-features-arizona-properties/article_04c4b1aa-8e39-5593-ba18-44cff6412447.html

Facing southwest, a view of the 13.9 acres up for sale at 15000 E. Redington Road.
Photo by Kelly Presnell

[with Arizona properties 1]

[with Arizona properties 2]

More than two dozen residential and commercial properties in Arizona owned by the Roman Catholic Diocese of Gallup, N.M., are going up for auction as part of the church’s bankruptcy reorganization.

One residential property on Tucson’s far east side is next to Paul McCartney’s ranch, said Hank Amos, president of Tucson Realty & Trust, which is offering the properties at auction along with Accelerated Marketing Group.

The 13.9-acre site up for auction near Redington Pass has an assessed value of $750,000. It is next door to the ranch bought by the McCartneys in 1979; the couple visited Tucson frequently until Linda McCartney’s death in 1998.

Other Southern Arizona properties to be featured in the Sept. 12 auction are in Tumacacori, Tubac, Hereford, Sierra Vista and Benson and various locations in Northern Arizona.

“Tucson Realty & Trust Co. is honored to assist the diocese in Gallup, and we are hopeful that we can generate the same kind of success that we did here for the Tucson Diocese a few years back,” Amos said. “That auction was a huge success and really helped our diocese get out of bankruptcy.”

He said many people who bought property during the Tucson auction said they were motivated to help the church.

“That really made an impression on us and we are hopeful that members of the Catholic Church will come out and help again,” Amos said.

Bids are not accepted ahead of time, but written bids can be submitted, said Todd Good, president of Accelerated Marketing Group.

Under court order, everything will sell to the highest bidder without the need for court approval, and there are no minimum bids. The diocese acquired the properties from parishioners who left them in their wills to the church, Good said.

Among the properties up for grabs are a restaurant in Sierra Vista, a refrigerated distribution center in Globe and a 30-acre parcel across from the Walmart distribution center in Casa Grande, he said.

All proceeds from the auction will be used to pay creditor claims.

The Gallup diocese will auction its New Mexico properties on Sept. 19 in Albuquerque.

The Diocese of Gallup filed for Chapter 11 bankruptcy reorganization in November 2013. The diocese was founded in 1939 and covers more than 55,000 square miles in New Mexico and Arizona. It serves 53 parishes, 13 schools and five social centers and has about 58,000 parishioners.

 

Contact: grico@tucson.com




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