Commercial Auction Listings » Featured

Beautifully Appointed Medical Office Condominium

cflynn — Wed, 14 Sep 2011 19:43:19 +0000

A new commercial real estate property has entered the FRE.com global online auction marketplace and it’s located at a major intersection in Foothill Ranch, CA. This fully built out medical office condominium consists of two suites for approximately 3,762 square feet of rentable building area. Both suites are in “like new” condition and the tenant improvements were built using high end materials for an estimated cost of approximately $285,000 or +/- $76 per square foot.

Each exam room is fully equipped with a sink and storage cabinets designed for medical office use. The suits are complete with several consultation rooms, a records room and break room.

The Suggested Value for this property is posted at $1,110,000 but the seller is highly motivated and set an aggressive Minimum Bid of $595,000. The seller also set an aggressive Bid Deadline for October 13th at 5:00 PM so refer to the offering memorandum for details, floor plans, demographics and other information on the auction profile page at www.FRE.com/3167L1.

Online Auction for the Bank-Owned Panama City Beach RV Resort

cflynn — Tue, 06 Sep 2011 22:00:17 +0000

One of the veteran Brokers who frequently auctions commercial property with the FRE.com Auction platform has brought the bank-owned Panama City Beach RV Resort in Florida. The auction is currently open for bidding and is scheduled to end on October 13th when the auction reaches its Bid Deadline at 5:00 PM EDT. All of the auction details, photos and documents such as title reports, revenue reports, appraisals and more are posted on the auction webpage, but here is a brief overview of what this auction property has to offer.

The property consists of 5.33± Acres of level Seasonal Resort-Commercial zoned land improved with Sixty-Nine (69) RV Pad Sites. Of the Sixty-Nine (69) pad sites, fourteen (14) are ‘pull through’ sites which do not require the RV owner to back into the pad site. Additional improvements include an internal brick paved roadway, a two-story 5,528± SF common area building consisting of three condominium units, management office, laundry facility, fitness facility, and men’s and women’s restroom facilities. The site also contains a heated pool, as well as perimeter fencing with gated access. All utilities are underground and each site offers 50 and 30 amp electrical service along with water and sewer hookups.

The Seller has set an aggressive Minimum Bid of just $1,799,000 and fast approaching Bid Deadline of October 13th in efforts to make this a date certain for sale. They have also made all of the due diligence materials available for download on the auction webpage so you should check out the online auction at FRE.com today.

Bank-Owned Portfolio of Northern California Commercial Real Estate

cflynn — Thu, 30 Jun 2011 20:29:48 +0000

Summer time is in full swing and it’s ‘California Dreaming’ for real estate investors looking to purchase REO property in Northern California. North Valley Bank has brought a portfolio containing a suggested value of nearly $13 million in multi-family lots, SFR lots, vacant land parcels, community development land, and office retail condos to online auction at www.FRE.com. Minimum bids can start as low as $125,000 and with properties located in Lake County, Nevada County, Siskiyou County, Sonoma County, and Tehama County, you’ll be sure to find assets that fit your investment strategy.

Though the portfolio’s properties are located in various parts of northern California, the online auction represents multiple investment opportunities for builders, developers and real estate investors to conveniently purchase bank-owned property through a transparent, fair and open bidding platform. Each auction profile page contains all of the essential due diligence materials so bidders can view all of property details, photos, auction documents, escrow information, and property specific documents from anywhere in the world.

Check out all of the auction properties at www.FRE.com before the bid deadline of August 11th at 5:00pm PDT.

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LFC V.P. to Speak at Upcoming Short Sales and REO Conference

jgerber — Fri, 29 Oct 2010 23:29:53 +0000

Exciting news! LFC’s Vice President Shawn Miller has been chosen to speak at the upcoming “Best Practices in Short Sales and REO” conference in San Diego next month. Shawn will be part of a panel titled “Overcoming the Biggest Challenges in REO Today.” Click here to see who else will be joining Shawn.

The conference is being put on by Mortgage Servicing News, and will be held at the San Diego Westin. Shawn’s panel is scheduled for Wednesday, November 9 at 2:30pm. If you happen to be in town, stop by the Westin to hear some of the industry’s leading experts discuss the most pressing issues affecting the market today.

Land Auction in Bemidji, MN: Bank-Owned Resort Development

cflynn — Thu, 11 Mar 2010 23:05:49 +0000

LFC is venturing into the land of 10,000 lakes to auction +/-73 acres of bank-owned land in Bemidji, the largest city in northern Minnesota. Located on the western shore of Wolf Lake, this property is considered a great residential/resort development opportunity. This online auction has a minimum bid of $699,000, less than half the previous asking price. In addition, there are several other aspects of the property and the town that make this auction a must-see for developers.

The city of Bemidji is part of the Cass Lake Chain of Lakes and the first city on the Mississippi River. Famous for its renowned Walleye fishing and tales of Paul Bunyan, who made the town his “playground” (yes, the larger-than-life lumber jack who befriended a giant blue ox), Bemidji is also well known for its state university. The Canadian border and nearby Winnipeg are only a short drive from Bemidji, making it a desirable vacation getaway for those looking to escape Winnipeg’s city life and enjoy the endless outdoors activities surrounding the lakes.

The Bid Deadline for this auction is on April 8th, 2010, so I strongly recommend that you check out the online auction and all of the property details at LFC.com.

Want to know more about Bemidji or share in the conversation? You can follow us on Twitter at Twitter.com/LFC_Auction. You can also follow the Bemidji visitor information Twitter account @visitbemidji or the Bemidji State University Twitter @BSUNews.

Photo Credit: mod as hell @Flickr.com

Weston, WI Commercial Property up for Online Auction

cflynn — Wed, 03 Feb 2010 18:16:46 +0000

Today we’re launching our latest online auction campaign on LFC.com for commercial properties in Weston, Wisconsin. There are two properties up for auction in this campaign, both with a bid deadline of March 25^th.

The first property is a newly constructed +/-18,500 SF retail/office complex that sits on about 7.7 acres of commercially zoned land. The building features four suites: two conference halls, a restaurant, and a large office suite. There are also three out-lots available for the future construction of retail or office buildings. All share a common parking lot.

We’re also auctioning a +/-4 acre parcel of land that lies adjacent to the property above. This is one of the last remaining undeveloped lots available in the Weston area. The land is zoned M-1 commercial and allows for most commercial uses.

Both of these properties have great potential for growth and development in a spectacular Midwest village. Like I mentioned in my coming soon post for this auction, you should check out the short video that the Village of Weston has put together about the town and the surrounding area. It gives a great overview of Weston’s many amenities for those unfamiliar with the area.

Like all of our online auctions, you can view a plethora of photos, download all necessary documentation for your due diligence, and place bids on this auction all from the comfort of your personal computer. To learn more, click here to visit the auction website now.

1 Week Left in Columbus, OH Auction

cflynn — Fri, 11 Dec 2009 20:55:31 +0000

Though the weather outside is frightful, this hot deal is delightful for any CRE investor looking for a new opportunity. With the Bid Deadline for a former auto dealership in Columbus, Ohio just 1 week away, we want to fill you in on all the details.

This +/-35,471 SF facility on approximately 8.96 acres is comprised of three buildings:

a showroom built in 1971
a used car building built in 1984
a body shop built in 1994

Like all of our commercial auctions, we post all available documents provided by the seller on our website. This way, you can perform your due diligence from anywhere you get an internet connection.

The Bid Deadline is 8:00 PMEST on December 17th. You can view all of the property details and documents at LFC.com

*****

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

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.

LAST CALL® Extends Bidding Agian

cflynn — Tue, 08 Dec 2009 19:26:16 +0000

After receiving another bid on a property for the Whispering Pines auction of six homesites and development land in Reno, NV, the Bid Deadline was extended until today at 5:00 PM PST.

This extension of the Bid Deadline allows interested bidders a final opportunity to place offers on homesites within the luxury community of Caughlin Ranch.

Two properties have been moved from Sealed Bidding into an Online Bidding format, similar to what one might find at eBay.com. Now the highest bids are visible to the public on the auction event web page.

Go to LFC.com to check out which of these properties will sell in this online real estate auction.

Buy Now Prices on Ft. Lauderdale Post Auction

cflynn — Fri, 04 Dec 2009 00:39:11 +0000

There are only 2 properties left in the post-auction of Retail Offices at Nu River Landing in Ft. Lauderdale, Florida. The remaining retail/office condos are located in the commercial component of the NuRiver Landing high-rise, a brand new luxury residential community in downtown Ft. Lauderdale.

At buy now prices, there is no telling how long these two properties will last. Check out the condos, along with all the documents and photos, on our commercial real estate auction site LFC.com.

*****

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