Commercial Auction Listings » California Commercial Real Estate

First Never Lose a Listing Auction Successful

cflynn — Tue, 11 May 2010 18:29:37 +0000

The Never Lose a Listing® program is the newest addition to the LFC Group of Companies’ online auction platform, and we would like to highlight the first success story from this program for real estate professionals. If you missed our first post about Never Lose a Listing®, I’ll bring you up to speed on how the program works.

Never Lose a Listing® is aimed at commercial real estate professionals who want to utilize LFC’s online auction technology at no cost while keeping 100% of their sales commission. Real estate professionals looking to diversify their marketing strategies can use this program to build and run their own online auction campaigns, helping them capture buyer attention in today’s saturated commercial market. Participants in the program manage all of their online auctions while keeping a close watch on their prospects through the platform’s detailed prospect management tools.Furthermore, prospective buyers are directed to the broker’s exclusive landing page as participants market their listings independently from LFC.

One of the first real estate professionals to auction commercial property with this program generated a tremendous amount of buyer attention by utilizing LFC’s marketing tools, and in return, received multiple bids on the property. The auction was originally scheduled to end on April 29th, 2010, but the seller elected to invoke LFC’s patent-pending bid extension process, LAST CALL®, and the frenzy of competing buyers kept the auction going for an additional six days. In previous posts, I’ve explained how the extra time afforded by LAST CALL® protects bidders from unfairly losing the auction and allows them extra time to deliberate through their due diligence. Needless to say, the bidders might never have found their way to the online auction if not for the broker’s persistent use of LFC’s marketing tools.

One such cost-effective tool is auction signage. With Never Lose a Listing®, participating brokers can purchase the same signage that has proven remarkably effective throughout LFC’s storied history. Each auction sign, as well as all marketing fliers generated by the system, feature a unique URL that takes interested buyers directly to the auction property’s webpage, where prospects can view more property details and photos and perform extensive due diligence prior to placing a bid. Signage is one of the most cost effective and successful forms of marketing an online auction, and LFC streamlines the process, allowing brokers to focus on what they do best.

We expect this broker to capitalize on the opportunity to continue using LFC’s online auction technology in the near future, and we hope that his new auctions are as successful as this one. For more information about this program, visit LFC.com/NLL now.

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Online Auction in Orland Comes to an End

cflynn — Fri, 16 Apr 2010 22:35:22 +0000

Our online auction for bank-owned property in Orland, California has finally come to an end thanks to one persistent bidder who outlasted all others! Though a bid deadline was initially set for March 25th, the seller invoked our patent-pending LAST CALL® system which extends the auction by twenty four hours each time a new high bid is placed. Ten different bidders combined to place over 30 bids, keeping this exciting online auction alive until April 15^th after a remarkable three weeks of Last Call® bidding.

Much of Northern California, including Orland, was hit hard and early by the collapse of the commercial real estate market, creating countless investment opportunities, such as this bank-owned plot of land, which created quite the buzz among local residents and business professionals alike.

There are many aspects that made this property attractive. For starters, the minimum bid of just $110,000 represented a remarkable deal for such a versatile property. Also, the land’s close proximity to the bustling town of Chico stretched its appeal across the entire region.

This auction may have ended, but you can always stay up to date on all of our exciting auctions by following us on Twitter, subscribing to our RSS feed, signing up for our monthly eNewsletter, or checking out our website LFC.com.

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LAST CALL for the Bank-Owned Land Auction in Orland, CA

cflynn — Fri, 26 Mar 2010 21:42:40 +0000

Yesterday was the Bid Deadline for the online auction of +/-53 acres of bank-owned land in Orland, Calif., but the seller has elected to continue the bidding with LFC’s patented LAST CALL®.

Due to the seller’s invoking of LAST CALL®, the new Bid Deadline is set for Monday, March 29th at 5:00 PM PDT. This means that the auction will end on Monday at 5:00 PM unless someone places a higher bid before the deadline. If another bid IS taken before Monday’s deadline, the auction will be extended until Tuesday. These twenty-four hour extensions will continue until no more bids are placed.

You might be asking, why would bidders be allowed to extend the deadline? In order to explain that I will have to answer your question with a question: have you ever been sniped on eBay? In my post about our online auction in Columbus, Ohio, I explained LAST CALL’s extension process and sniping in detail:

LAST CALL® protects bidders from auction sniping. If you are familiar with other online auctions sites such as eBay, you know that everyone interested in the auction waits until the very last second to place their bid. There is even software that will automatically enter a bid in the last millisecond of the auction, what we call “auction sniping.” LAST CALL® protects bidders by eliminating the possibility of “sniping.” Real estate is a rather large investment to make online and we strive to give all bidders a fair chance at winning. Understanding that real estate is a rather large investment to make online, we made the LAST CALL® extension increment 24 hours to give bidders plenty of time to deliberate.

I invite you to follow this auction closely as bidders compete for the property. You can join in the conversation and stay informed about this online auction by following us on Twitter. If you have any questions pertaining to LAST CALL® or this auction, feel free to leave a comment.

Happy Friday!

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Upcoming Commercial Real Estate Auction Deadlines

cflynn — Thu, 18 Mar 2010 00:07:01 +0000

Our company has hit the ground running since the start of the new year and it’s hard to believe that the Bid Deadlines for several of our online auctions are almost here. The online auctions on LFC.com are span across the country from California toGeorgia. Don’t miss your chance to capitalize on an incredible investment opportunity. Here are a few of our commercial real estate auctions that will end in the next few weeks.

Bid Deadline for March 25th, 2010

BANK-OWNED! +/-53 acres of fully entitled land in Orland, California
+/-7.7 acres of commercially zoned M-1 land with a newly built commercial/retail complex in Weston, Wisconsin
+/-4 acres in Weston, Wisconsin

Bid Deadline for April 1st, 2010

+/-1.25 acres of commercial/retail development land in the heart of Brunswick, Georgia’s retail district
BANK-OWNED! +/-0.60 acre residential development parcel in Los Alamos, California
BANK-OWNED! Vacant R-3 parcel near the 101 Freeway in Paso Robles, California

Bid Deadline for April 8th, 2010

BANK-OWNED! +/-73 acres of lake front development land in Bemidji, Minnesota

Photo Credit: seier+seier+seier @Flickr.com

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REO Auction for Land Parcels in Central California

cflynn — Thu, 25 Feb 2010 01:30:55 +0000

LFC is currently auctioning two bank-owned parcels in the central California coast counties of Santa Barbara and San Louis Obispo. Although I was born and raised in Southern California, the central coast is definitely my favorite part of the state. Best known for its vineyards and country lifestyle, the central coast goes against the strain of the hustle and bustle of southern and northern California’s biggest cities. The countryside is much more open, the beaches more peaceful, and the people more laid back. I see it is a privilege for me to introduce each of theseexceptional properties and highlight their development opportunities for commercial and residential use.

The first of these properties is located in Los Alamos, only a few minutes south of Santa Barbara County’s largest city, Santa Maria. Los Alamos is a small town situated along California’s scenic 101 Freeway stretching from Downtown Los Angeles to the Oregon border. The parcel of land we are auctioning is situated in an established residential neighborhood and consists of three individual lots totaling approximately 0.60 acres.

The second bank-owned property is an 8,800 square foot commercial / residential development opportunity in Paso Robles. Paso Robles is San Luis Obispo County’s fastest growing city, boasting dozens of award-winning wineries (for up to date information on events and local news, follow @TravelPaso on Twitter). The bank-owned property we are auctioning comes with flexible zoning, allowing for the development of both professional offices and multi-family units.

The Bid Deadline for both of these properties is coming up on April 1st and all of the necessary photos and documents are available to download at our online auction market place, LFC.com.

Photo Credit: @travelpaso at Flickr.com

Online Auction in Orland California

cflynn — Thu, 18 Feb 2010 22:37:42 +0000

If you read the coming soon post for our online auction in Orland, California, you already know a little bit about this northern California town and its surrounding area. This online auction for +/-53 Acres is now up and running and you can check it out on our commercial real estate auction website LFC.com.

I am going to make this post short and sweet because we upload every possible piece of information on all of our auctions and make it available for download.

Unlike latest post in a series on our residential real estate blog, this auction is for bank-owned property. What does that mean to interested buyers and investors? This auction’s minimum bid is a jaw-dropping low price of $110,000. Better yet, this property sits along Highway 32, serving as the main artery for Chico traffic commuting to and from the 5 Freeway. With a minimum bid this low, you won’t want to miss out!

Coming Soon: Online Auction for Commercial Property in Northern California

cflynn — Tue, 09 Feb 2010 01:17:48 +0000

Here at LFC, we’re working hard to generate fast paced sales through our online auction website for commercial property and land, LFC.com. Our latest auction will launch this Wednesday, and will be our second campaign of 2010, with plenty more coming down the pipeline.

Starting on February 10th and ending on March 25th, LFC will be hosting an online auction for property located in the northern California town of Orland. Here are a few details I can share before the auction launches later this week.

The agricultural town of Orland lies about 20 miles straight down HWY 32 from Chico, the region’s bustling economic, cultural and educational capital. Although Orland has a population of under 10,000 residents, over 200,000 people reside in the greater Chico Metropolitan Area. Chico is home to one of the award-winning California State Universities and is best known for its focus on sustainability and environmental awareness and education.

Like I mentioned above, I can only share a few details for now so check back in for a post on Wednesday that will describe the property in much greater detail. In the mean time, check out our online auction for a +/-18,500SF property and +/-Acres in Weston, WI.

Bid Deadline for Auction in Pixley, CA

cflynn — Thu, 10 Dec 2009 18:45:22 +0000

The auction for +/- 89 acres of development land in Pixley, California is coming to an end TODAY at 5:00 PMPST.

Pixley is located in the heart of California’s Central Valley in Tulare County. Situated between Visalia and Bakersfield, this Lender-Owned property is in the economic center of the Sequoia Valley region.

Broker participation is offered in all of our auctions and with only hours left in the auction, come see the auction event page to view all of the property photos and auction details at LFC.com.

Pixley, California Commecial Land Auction

cflynn — Thu, 19 Nov 2009 00:47:01 +0000

We are currently hosting an auction consisting of +/- 89 acres of development land in Pixley, CA.

A little bit about Pixley: The quaint town of Pixley, in Tulare County, is centrally located in California’s Central Valley. Pixley is just 25 miles away from the county seat of Visalia, widely renowned as the economic center of the Sequoia Valley region, the most productive single agricultural area in the country. Bustling Bakersfield is less than 50 miles away, while the drive to Los Angeles takes less than three hours. Tulare County itself is home to many natural wonders, including Sequoia National Park and parts of Kings Canyon National Park.

This land parcel has plenty of potential from residential development to farming. Although the entitlement process was started there is not an approved tentative map.

Feel free to check out the online auction for more photos and information at LFC.com before the bid deadline on 12/10/2009.

*****

About this author: Casey Flynn is the Communications Manager for the LFC Group of Companies. He also coauthors on ResidentialRealEstateAuctions.com and RealEstateNoteAuctions.com

Temecula California Land For Sale

rbennett — Tue, 25 Aug 2009 17:08:12 +0000

California Residential Development Land For Sale

LFC Auction #1 – Strada Del Vino Lot #1| Temecula, CA

Property Details:

Size: 4.81acres
Location: Temecula, California
Minimum Bid: $149,000

This Online Auction offers serious buyers an incredible opportunity to purchase prime land located in the emerging southern California wine capital of Temecula. The total property, ¬± 25 acres, is subdivided into 5 separate lots, each fully entitled as a ¬± 5 acre residential vineyard estate lot, although the land is zoned Citrus Vineyard and lends itself to many other uses. Streets and wet utilities are in, and the dry utility design has been completed and accepted by Edison. The site is partially planted with grapevines which are managed under an agricultural easement by Stuart Cellars.

Detailed property documents including zoning, conditions of approval, easements, geotechnical reports, improvement plans, plot maps, etc. are available under the Document tab above.

Acres: 4.81
Zoning: C/V Citrus Vineyard
APN: 927-480-010

View Full Property Details: California Commercial Land For Sale

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