Strategically built between the cities of Sacramento and San Francisco, this move-in ready, +/-2,244SF specialty car wash facility and freestanding retail center is situated only a short distance from the I-80 in Suisun City, CA. The property features three individual car wash bays and space for equipment. On the other hand, the second building is approximately 1,940SF and has the potential of being subdivided for multiple tenants and a variety of retail uses. With an aggressive Bid Deadline and date certain for sale on June 16th, this auction is generating a lot of investor interest for its pricing as well.
The auction’s minimum bid starts at $249,000, a fraction of the property’s $640,000 suggested value, but the major head-turning feature is the fact that the action also has no reserve! I know some of you might be asking “how does this sweeten the deal?” or “what’s a reserve?” so, in short, not having a reserve means that the property must sell.
When a property is being offered “with reserve,” it means that the seller is not obligated to accept the highest bid unless it meets or exceeds a predetermined release price. So, in this particular online auction, when the auction is being held “without reserve,” the seller will be obligated to move forward with the winning high bidder. Got it? O.k. great. Now on your marks. Ready. Set. BID (excuse the car/racing pun)! because this could be your only chance to pick up this asset at an incredible value.
For all of the online auction details, documents and photos, check out the auction webpage at FRE.com.
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