Commercial Auction Listings » commercial real estate auction

Retail Center in New Mexico Breaks the Mold of Traditional Real Estate Sales

cflynn — Thu, 05 Jan 2012 21:39:30 +0000

Dubbed as the first bank-owned online real estate auction in this New Mexico town, FRE.com looks for a buyer for the Hillside Plaza, a multi-tenant retail center

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Alamogordo, NM – Located along the busy Tenth Street corridor in downtown Alamogordo sits an investment opportunity summoning buyers with its unique selling method – an online auction. As the first ever online auction of property in this small New Mexico town, Hillside Plaza is currently owned by a bank that is very motivated to sell it as evident by the minimum bid.

“It may seem a bit over the top to conduct an online auction for a property located in a small town such as Alamogordo, but there are plenty of buyers out there, nationally and internationally, who are looking for any good real estate deal”, states LFC’s Director of Operations Ryan Devin. “Why limit the pool of potential buyers to just those within a small radius? At the end of the day the bank wants a buyer, whether they are from Alamogordo, New Mexico or Florida, or even Canada – it’s a matter of concluding the auction with a successful sale. ”

As an alternative choice to a traditional real estate sale, online auctions can be particularly 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 fair market value is realized

The bank-owned building is approximately 32,000 square feet and on over 1.63 acres of land. It carries a C-3 business zoning and is partially occupied with some leases in place through 2014. It is centrally located and has great street frontage and accessibility. The minimum bid is $350,000 with all bids to be submitted by February 9th.

Alamogordo is located in the southern portion of New Mexico, approximately 70 miles from Las Cruces.

As with all of auctions on the Freedom Realty Exchange website, property research, due diligence and even bidding are conducted completely online, removing the inconvenience and unwanted pressure that comes with a traditional outcry auction. Interested buyers can access property documents and auction details by visiting FRE.com/115R2.

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The Freedom Realty Exchange®

The Freedom Realty Exchange is owned and managed by LFC Internet Marketing, Inc., a member of the LFC Group of Companies. For more than 30 years, the LFC Group of Companies has successfully auction marketed thousands of commercial, industrial, land and residential properties, with sales in excess of $5 billion; and for the last seven years, we have conducted real estate auctions exclusively online. We have successfully served numerous Fortune 500 companies, real estate developers, investors, financial institutions, government agencies and real estate brokerages, providing a complete suite of real estate disposition strategies and auction marketing programs for commercial and residential property and mortgage notes.

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New Mexico Retail Center Up for Online Auction

cflynn — Wed, 28 Dec 2011 19:53:02 +0000

This featured auction from the Freedom Realty Exchange is for the bank-ordered auction of a +/-31,848 SF retail center located along Tenth Street in downtown Alamogordo, NM. The building sits on just over 1.63 acres of land and has great exposure to the highly traveled Tenth Street corridor. It carries a C-3 Business zoning which allows for a variety of commercial uses. The property is partially occupied with some leases in place through 2014 on square footage from 770-5,000SF.

Given everyone’s hectic schedules during the holidays, the bid deadline was scheduled for February 9th at 5pm MST in order to allow all of the interested parties enough time to perform their due diligence. Though February 9th may seem far off, the clock is ticking and this property must sell. The bank has set an aggressive minimum bid of $350,000 so you better hurry so you don’t miss out on the opportunity to pick up an income producing property at a deeply discounted price.

Check out all of the online auction details, see more photos, and download all of the property documents at FRE.com.

Former Daycare Facility up for Online Auction

cflynn — Tue, 31 May 2011 22:57:35 +0000

A RE/MAX Commercial sales specialist recently enrolled in our Never Lose a Listing program and brought a former daycare facility to online auction at our global auction marketplace, FRE.com. This property is located in the NW section of Kansas City, KS and is conveniently located a short distance from Leavenworth Rd. and I-435. Though previously used as a day care facility, the property’s 3,700 sq. ft., open floor plan could be easily adapted to suit a church or a variety of other agencies. The property also sits on approximately 2 acres of land zoned for residential use but the property taxes are considered commercial through the city.

The minimum bid for this property is starting at a mere $75,000 while the property’s suggested value is at posted at $180,000, more than double the minimum bid value! However, with a date certain for sale and bid deadline scheduled for June 23rd at 5pm CDT, you can’t waste any time drooling and muttering “goo-goo-ga-ga” over this incredible deal. See all of the property details, photos, and documents available for download on the auction webpage.

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No Reserve in the Auction for a Specialty Car Wash

cflynn — Wed, 25 May 2011 23:43:09 +0000

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.

Online Auction for 28 Properties in Western Montana

cflynn — Thu, 03 Jun 2010 22:46:07 +0000

In a campaign that stretches from Missoula, Montana to the Idaho state line, 28 properties are up for Online Auction and priced to sell on our commercial real estate auction platform, LFC.com. The properties are located in various towns along Interstate 90, including Missoula, St. Regis, Huson Heights, and Alberton.

Here are the Auction Highlights

Minimum Bids Starting at $19,000.
HUGE Land Sale: 28 Properties Offered
Priced to Sell
Residential. Commercial, and Recreational Land
Residential Subdivisions
Possible Ranch Opportunities
Variety of Uses

About Western Montana

Missoula has earned itself the nickname, “the Garden City” because it’s known for having mild winters in comparison to the rest of the state. Rated as one of the best places to launch a small business by CNNMoney.com, the metropolitan area of Missoula has over 100,000 residents and is home to the acclaimed University of Montana. Also known for it’s two non-profit hospitals, Missoula is considered one of the most sophisticated cities in the country.

For more property information and auction details visit LFC.com.

Another Online Auction for Commercial Real Estate in South Carolina!

cflynn — Fri, 28 May 2010 00:00:13 +0000

LFC launched a new online auction campaign for two parcels of development land in South Carolina this week, and I wanted to fill you in on all the details. This campaign is going to be a quick one because the Bid Deadline is just around the corner on June 24th and this opportunity is sure to get snatched up soon!

The first parcel offered on our online auction website, LFC.com, is comprised of +/- 210 acres in Anderson, SC. The property has direct access to Broadway Lake and features panoramic views of the nearby rolling hills. Located only ten miles away in the town of Starr, the second land parcel has +/-62 acres zoned for residential, agricultural or recreational use. Better yet, it also has preliminary utilities on site!

Known as the “friendliest city in South Carolina,” Anderson and the surrounding metropolitan area has over 165,000 residents making both of these properties phenomenal development opportunities. Moreover, there are over 230 manufacturers, including 22 international companies in the area. Anderson and Starr are situated in the Blue Ridge Mountains of North West South Carolina, making them only a two hour drive from both Atlanta, Georgia and Charlotte, North Carolina.

To view all of the documents such as property maps, development plans, tract maps, and all necessary due diligence materials, go to the online auction at LFC.com.

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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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LFC Expands Program, Invites Brokers to Use Online Auction Platform at No Cost

cflynn — Tue, 16 Mar 2010 19:31:36 +0000

Here is the press release about the Never Lose a Listing^® program written by the other co-author of the Commercial Auction Listings blog and the Public Relations Specialist for the LFC Group of Companies, James Gerber:

The LFC Group of Companies, industry leaders in online real estate auction marketing, is expanding their Never Lose a Listing^® program for commercial real estate to allow the brokerage community to utilize the company’s robust online auction platform at no cost while retaining 100 percent of their commission. At a time when many brokers are struggling in this challenging market, Never Lose a Listing^® represents an opportunity for them to expand their marketing strategies and gain a competitive advantage.

“I think everyone agrees that the commercial real estate market is going to get worse before it gets better, and only the most forward-thinking brokers have a chance to succeed,” said Shawn Miller, LFC’s Director of Sales. “Never Lose a Listing^® lets brokers conduct their own auctions using our industry leading online auction technology and platform. This will let them rise above the fray, focus market attention on their properties, bridge the gap between buyer and seller, resulting in a quick sale at the best possible price. We’re not going to go in and take over their listings; we’re simply offering an auction platform as an alternative tool to close deals for their clients.”

Never Lose a Listing^® (NLL) marks a new collaboration between LFC and the commercial brokerage community. Brokers can use the NLL portal to set up the online auction by creating their own branded auction webpage, entering property information, uploading property documents and photographs, and setting auction parameters, such as the minimum bid and bid deadline. Once their auction is “live” on the website, the broker utilizes our “back-engine” auction technology to conduct the advertising campaign, manage prospective bidders, and direct everything from the bidding to the final sale. There are no upfront costs, and the broker retains 100 percent of the commission. Only upon the successful sale of the property will LFC earn a nominal fee paid by the buyer at closing.

LFC has a proven track record of successful partnerships with some of the country’s largest commercial brokerages, including CB Richard Ellis, Grubb & Ellis and Jones Lang LaSalle, and the expansion of the NLL program allows brokers from anywhere to conduct their own online auctions.

“LFC works with brokers to achieve success in even the most challenging of circumstances,” said Tom Scheuerman, Managing Broker at Grubb & Ellis | Pfefferle in Appleton, Wisconsin, who partnered with LFC to conduct a bankruptcy auction for a large, difficult land parcel, resulting in a sales price that far exceeded expectations.

Over the years, LFC has successfully auction marketed commercial properties for such major companies as Coca-Cola Enterprises, St. Joe Company and Adelphia Communications Corporation. With a variety of recent successful sales, including the former Elk Meadows ski resort in Utah, LFC has proven that their robust online auction platform can sell anything and everything, from high-end residential estates, to retail/office condos, to industrial/commercial properties, to a remote Utah mountain.

To learn more about the Never Lose a Listing^®program, visit LFC.com/NLL8 to register and start your online auction campaign today.

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This program is quickly growing in popularity and the following list of major news publications are just to name a few that are covering the LFC Group of Companies’ new online auction program for Commercial Real Estate Professionals:

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

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