california commercial real estate

Bank-Ordered Online Auction for a Former Auto Dealership

Posted by rbennett on September 16, 2013
California Commercial Real Estate Auctions / No Comments

Bank-Ordered Online Auction for a Former Auto Dealership  in Chowchilla, California

±24,805 SF on ±4.66 Acres
Zoned C-3 Commercial
Perimeter Fencing
Landscaping
Outdoor Lighting
Excellent Street Frontage

$950,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by October 31st at 5pm
Visit website for more property and auction details;
www.FRE.com/167L1

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California RV Park Up For Online Auction

Posted by rbennett on March 11, 2013
California Commercial Real Estate Auctions / No Comments

Online Auction
±9 Acre Rest Stop/RV Park in Lost Hills, CA

$199,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by April 11th at 5pm
Visit website for more property and auction details;
www.FRE.com/154L1

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Bank-Ordered Online Auction for a Mixed Use Building

Bank-Ordered Online Auction
±5,803 SF Mixed Use Building in Vallejo, CA

$149,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by February 21st at 5pm
Visit website for more property and auction details;
FRE.com/147L1

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Bank Ordered Auciton for a Mixed Use Building in Vallejo, CA

Bank-Ordered Online Auction
±5,803 SF Mixed Use Building in Vallejo, CA

$199,000 Minimum Bid

*Broker Participation Offered*
All bids must be submitted by December 13th at 5pm
Visit website for more property and auction details;
www.FRE.com/147L1

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Bank-Ordered Online Auction in Northern California

Posted by rbennett on April 13, 2012
California Commercial Real Estate Auctions / No Comments
29 SFR lots located in the Residences at Aubun Bluffs up for online auction
Partially finished and with approved tentative map

All bids must be submitted by  May 24th
Visit website for more property and auction details;

 

*|UNSUBSCRIBE-COLD|*

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Land, Commercial & Residential Auction Newsflash

+/-5 Acre development site or residential ranch in Hemet, CA
CLICK HERE TO VIEW AUCTION

5 Parcels of development land and a potential gold mine in Lake Oroville, CA
CLICK HERE TO VIEW AUCTION

Bank-owned 2 bed/ 2 bath loft-style condominium in Akron, Ohio
CLICK HERE TO VIEW AUCTION

+/-43 Acres of vacant land with commercial and multifamily zoning in Columbus, OH
CLICK HERE TO VIEW AUCTION

+/-9.14 Acres of entitled land mapped for 31 single family lots in Moreno Valley, CA
CLICK HERE TO VIEW AUCTION

Portfolio of development land and commercial properties in North Carolina
CLICK HERE TO VIEW AUCTION

Bank-ordered auction of various properties in Hilton Head Island and Okatie, South Carolina
CLICK HERE TO VIEW AUCTION

Beautiful estate home in Duluth, MN
CLICK HERE TO VIEW AUCTION

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Travelers’ Rest Stop in Central California Becomes Newest Auction on FRE.com

Located about 40 miles north of Bakersfield along Interstate 5 and Paso Robles Highway 46 is the Lost Hills RV Park, a welcomed pit stop for road warriors and the newest auction on the Freedom Realty Exchange (FRE.com). Lost Hills is small but thriving town in central California with many of its residents working in the local agricultural or oil businesses.

As an alternative choice to a traditional real estate sale, online auctions can be especially effective for sellers wanting to dispose of their property but are not willing to chase the market. An auction creates a trading platform that brings the buyer and seller together in such a way that depth of market emerges and fair market value is realized.

“With properties similar to this RV Park, an online auction appeals to buyers, both local and out of state, because of its convenience and the fair and open bidding conditions”, said LFC’s Director of Operations Ryan Devin. “It also gives the seller a way to gauge market demand and make an informed decision based upon the bids received.”

Located about 40 miles north of Bakersfield along Interstate 5 and Paso Robles Highway 46 is the Lost Hills RV Park, a welcomed pit stop for road warriors and the newest auction on the Lost Hills RV Park sits on over 9 acres with 80 pads and the following amenities:

  • Swimming pool
  • Convenience and supply store
  •  Playground
  • Dog walk area
  • Horse motel
  • Deluxe showers
  • Laundry facilities

As with all of the auctions on the Freedom Realty Exchange website, property research, due diligence and even bidding are conducted completely online, removing the need to spend hours in a crowded ballroom with all the unwanted pressure and intimidation that comes with a traditional outcry auction. Interested buyers can view property and auction documents by visiting FRE.com/112L1. Bids must be submitted by December 1st.

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Beautifully Appointed Medical Office Condominium

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.

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Bank-Owned Portfolio of Northern California Commercial Real Estate

Posted by rbennett on June 30, 2011
California Commercial Real Estate Auctions, Featured / No Comments

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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No Reserve in the Auction for a Specialty Car Wash

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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