NORTHBROOK, Ill., May 20, 2015 (GLOBE NEWSWIRE) -- Hilco Real Estate LLC announces June 18, 2015 as the auction date for the Rimrock Equestrian Center located at 7800 Shorey Road, Billings, Montana. Ideally set on 154 acres, Rimrock is Montana's premier sporthorse center boasting one of the largest indoor arenas in the region. The center has played host to numerous competitions and events throughout the years, its riders most recently winning six National Championships, two Reserve Championships and a host of Top Tens at the Canadian Nationals held in 2014.
Rimrock Equestrian Center is a turnkey facility specializing in boarding, lessons, training, sales, clinics and shows, and is well-suited for Hunter/Jumpers, Dressage, AQHA and Beginners. The property features an expansive indoor arena (170' X 180') with stadium seating and is fitted with 54 stalls that can board up to 61 horses at one time, two hot water wash stalls, four tack rooms, two restrooms and a video surveillance system. The property also offers two large outdoor arenas, seven sheltered runs and seven large pastures.
A private 3 bedroom log home sits on a vista overlooking the property, offering panoramic views of the surrounding area and distant mountain ranges. Ideal for an owner or onsite manager, the residence spans 2,200 +/- square feet and features a partially finished full basement.
Included with the sale are the highly sought-after mineral rights.
Alternative reuse/redevelopment opportunities for the property include an exclusive hunting resort, church or youth camp, dude ranch, gun club, executive retreat or luxury private estate.
Jeff Azuse, Senior Vice President of Hilco Real Estate stated, "This auction represents an exceptional opportunity for a regional equestrian facility operator to increase their presence in the market or a private end user to name their price on this turnkey center that offers almost immediate income through continued operations and long-term possibilities through mineral exploration. Combine that with auction pricing and you have an investment with great upside potential."
This live auction event will be conducted onsite within the indoor arena on June 18, 2015. Registration begins at 11:00 am and the auction commences at 1:00 pm MT.
Interested buyers can attend onsite inspections scheduled for June 7th from 11 am – 4 pm and June 18th from 11 am – 1 pm.
Billings, Montana
Rimrock Equestrian Center is located in Billings, Montana, the largest city in the State of Montana, and is the principal city of the Billings Metropolitan Area with a population of 166,855. Set within the south-central portion of the state, the city has recently experienced rapid growth and boasts a strong economy; the largest growth of any city in Montana with a trade area of over half a million people.
Billings avoided the economic downturn that affected most of the nation 2008–2012, as well as the subsequent housing bust, due to the Heath shale and Bakken oil reserve discoveries – the largest oil discovery in U.S. history.
In addition to rapid growth and a strong economy, Billings is also the retail destination for most of Montana, Northern Wyoming, and western portions of North Dakota and South Dakota. With more hotel accommodations than any area within a five-state region, the city hosts a variety of conventions, concerts, sporting events, and other rallies.
Detailed due diligence information is available for the property, including property specific information, an explanation of the auction process and the Terms of Sale. These documents are available at www.HilcoRealEstate.com.
For more information about the Rimrock Equestrian Facility or other properties available at for sale, please visit www.HilcoRealEstate.com or the Project Manager at 877-933-7779.
About Hilco Real Estate
Hilco Real Estate ("HRE"), a Hilco Global company (www.hilcoglobal.com), is headquartered in Northbrook, Illinois (USA). HRE is a national provider of strategic real estate disposition services. Acting as an agent or principal, HRE uses its experience to advise and execute strategies to assist clients in deriving the maximum value from their real estate assets. By leveraging multi-faceted sales strategies & techniques, aggressive repositioning and restructuring experience, a vast and motivated network of buyers and sellers, and substantial access to capital, HRE exceeds expectations even in the most complex transactions.
Owner's Representative
Fernando Palacios
Hilco Real Estate, Inc.
877-933-7779
O: 301-355-5000
C: 301-996-5190
fpalacios@hilcoglobal.com
Media Contact
Gary Epstein
CMO
Hilco Global
847-418-2712
gepstein@hilcoglobal.com