Squid Lips Property Goes Up for Auction

January 27, 2020 Andy Hodges Business, Real Estate News in Sebastian, Florida

The property that Squid Lips in Sebastian is leasing will go up for auction after the property owners defaulted on their mortgage for almost $6 million dollars.

“It’s a foreclosure sale for non-payment,” Buzz Underill told Sebastian Daily.

The property extends to the marina, which is next door to Squid Lips.

Underill, of Underill Property Management that owns Squid Lips, said the auction will not affect the Sebastian restaurant. The auction is only for the real estate.

“Squid Lips has a 15-year lease on the property,” Underill said.

According to the auction, the final judgment amount is $5,951,127.20. The auction will take place on February 4, 2020, at 10:00 a.m.

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About Andy Hodges 2821 Articles

Andy Hodges was born in Annapolis, Maryland, and raised in Jupiter, Florida. He has been a radio and TV personality since the mid-1980s. He has worked for WFLX-TV (Fox 29), WIRK, WLIZ, WIXI, WKSY, WRMF, and others. In 1994, Andy took a break from broadcasting and was a software and systems engineer for various companies. In 2002, he permanently moved back to Sebastian, where Andy's family has lived for over 45 years. He returned to the broadcasting sector in 2005. Andy joined Sebastian Daily as our editor-in-chief in 2016.