Commercial Auction Listings

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.

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.

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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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.

The Online Auction for a 6,500 square foot vacant building in Victorville, CA will reach its Bid Deadline today at 5:00pm. Formally a Cask ‘n Cleaver Steakhouse, this property has freeway frontage and incredible  visibility along the California Interstate 15.  With a highly motivated seller and a property location that sees over 90,000 commuters everyday, you’ve got to check out all of the property details on this auction.

For all of the due diligence materials, property photos and auction specifics, view the auction profile page at LFC.com.

LFC recently launched a new online auction campaign for some highly desirable commercial development land in San Jose. The auction features two contiguous ±12 acre parcels of vacant land located at the intersection of Yerba Buena Road and Verona Road in the eastern part of San Jose’s Evergreen district. Both properties are zoned Campus Industrial and are bordered on the south by the U.S. headquarters of Hitachi Global Storage.

The two parcels are being sold separately. One parcel measures ±12.2 acres and has a minimum bid of $999,000. The abutting parcel, with ±12.13 acres, has a minimum bid of $899,000. Both minimum bids are nearly 80 percent less than the previous listing prices.

For more details on the properties and the auction, visit LFC.com/804L1. The bid deadline is February 3, 2011.

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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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

Related Posts

• Land Auction in Bemidji, MN: Bank-Owned Resort Development
• REO Auction for Land Parcels in Central California
• Commercial Real Estate Auction in Brunswick, GA
• Online Auction in Orland California
• Weston, WI Commercial Property up for Online Auction

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

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.

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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