Commercial Auction Listings

Online Auction for ±104 Acres at $1.00 p/SF
in the World’s Largest Industrial Center – Tahoe Reno Industrial Center

Online Commercial Real Estate Auction

Freedom Realty Exchange is excited to announce the launch of its newest online auction property for property in one of the most sought after areas in Las Vegas, Nevada.  The property is within a 5-minute walk from CityCenter Las Vegas, which encompasses the Aria Hotel, Vdara, Veer Towers, Crystals @ CityCenter and the Mandarin Oriental Hotel. Across the street are new, The Martin and the Panorama luxury condominium towers as well as the partially approved DesertXpress; the Interstate high-speed rail, which will serve as a direct link between the Los Angeles area and Las Vegas.

This building has an 8,000 SF footprint and sits on just under half an acre of land. The structure has over 9,498 SF of leasable space on the interior including over 4,800 SF of warehouse space and 2,900 SF of office build-out and storage. A portion of the building has been transformed into the “manager’s quarters” encompassing high-end finishes, making this the perfect place to entertain guests or clients.

The auction’s bid deadline is scheduled for March 1st at 5:00pm PST so don’t wait to check out the online auction at FRE.com. All of the auction documents, photos, and available property information has been posted for interested parties to do their due diligence.

While the news that another bank-owned property has been brought to auction in Las Vegas, NV is not likely to turn many heads, this auction of a 23,000 SF, mixed-use property is being conducted entirely online at FRE.com.

The online platform is a unique, transparent, and easy way for interested buyers to due their research before placing a bid on an incredible investment property. All of the essential due diligence materials are posted on the auction website but, the part that REALLY makes the online auction a superior marketplace for buying real estate is the property’s $1,800,000 Minimum Bid starts at a fraction of it’s $3,580,000 Suggested  Value!

Here are some of the Sunshine Center’s property highlights of the  located at 1405 E Sunset Rd., Las Vegas, NV, but you should check out the auction website for all of the details, documents, and photos:

• ±23,000SF mixed-use building
• Adjacent to McCarran International Airport
• Recently built, 2009, with a current tenant
• Two floors and underground parking
• Numerous possibilities for divisibility/build-out; general offices, medical space, retail, etc.

Related Links

• Prime Bank-Owned Development Land Available in Online Auction
• Online Auction for Bank-Owned Luxury Home Sites in Reno Enters Final Week
• Another LFC Property Moved to Online Bidding!
• LAST CALL® Extends Bidding Again

There’s a new campaign on LFC.com for some very desirable bank-owned development land. There are a total of seven properties for auction, including large land parcels in central California and Nevada.

The auction features:

• A ±40 acre residential land parcel in northern Sacramento, part of a large master-planned development called The Panhandle, has a minimum bid of just $295,000.
• ±960 acres of vacant land mapped for 676 residential units within the proposed Mortensen Ranch master-planned development in west Reno, Nevada. This property has a low minimum bid of just $995,000.
• Two separate land parcels near downtown Clovis, a suburb of Fresno, one totaling ±8 acres, the other comprised of ±18 acres. The smaller property has a minimum bid of $125,000. The larger parcel, which is zoned for multi-family residential development, has a minimum bid of $350,000.
• Three adjacent vacant residential land parcels, ranging in size from ±18 acres to ±20 acres, near downtown Yucca Valley, in San Bernardino County. The properties are being sold separately, and have minimum bids between $12,500 and $15,000.

Click here to visit the auction webpage.

Related Posts:

• New Commercial Development Land in San Jose
• New Online Auction for Bank-Owned Development Land in Wisconsin
• Online Auction for 16 Luxury Homes Sites in Reno, NV
• Online Auction for 28 Properties in Western Montana

There’s only one week left in the online auction for 16 bank-owned luxury custom home sites in the exclusive Reno community of Somersett, and buyers are gearing up to make competitive bids in hopes of landing one of these prime lots.

The bank-owned auction includes three home sites, ranging from an acre to 1.57 acres, located in Eagle Chase, one of Somersett’s premier gated communities, with the other thirteen home sites, ranging in size from 0.45 acres to more than five acres, residing in the gated community of Champion Hills. Many of the home sites feature unmatched views of the nearby golf course and surrounding mountains.

Nestled at the base of the Sierra Nevada Mountain Range in west Reno, Somersett delivers the best of both worlds: the peace and privacy of a secluded suburban neighborhood, all just a short drive away from the vibrant city life of Reno. This award-winning golf community features two golf courses designed by U.S. Open Champion Tom Kite, a 9-hole course available to all residents and an 18-hole course for members of the private Somersett Country Club. For non-golfers, Somersett offers over 27 miles of paved and natural hiking and biking trails amid rolling hills and wandering rivers. In addition, residents of this expansive community enjoy exclusive access to The Club at Town Center, a luxurious, $9 million facility that includes an aerobics studio, a state-of-the art gym, basketball court, massage room, two spas, and three junior Olympic-size pools, as well as a Kids Corner and Teen Club.

Interested bidders are encouraged to visit www.LFC.com/882R2 to view important property documents and disclosures and conduct due diligence prior to bidding. The bid deadline is July 29, 2010.

Our LFC auction in Reno, Nevada is picking up steam, and the seller has decided to move 5 of the 7 properties into our open online bidding format. The Bid Deadline also extended into Wednesday, December 16th, at 5:00 PM PST as the auction continues .

Generally, auctions open in a Sealed Bid format. much like what one would find at a silent auction. Then, as market demand increases, the seller has the option to move the auction into the open bid format, allowing everyone to view the bid history and current high bids. Here are some properties that were recently moved to open bidding on our commercial real estate auction site, LFC.com:

-Online Bidding Status-

Current High Bid: LFC # 805-1: $159,000 (click here to view details)
Current High Bid: LFC # 805-2: $165,000 (click here to view details)
Current High Bid: LFC # 805-3: $187,500 (click here to view details)
Current High Bid: LFC # 805-4: $161,600 (click here to view details)
Current High Bid: LFC # 805-6: $102,500 (click here to view details)

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

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.