Commercial Auction Listings » commercial real estate auction

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

Another LFC Property Moved to Online Bidding!

cflynn — Tue, 15 Dec 2009 22:14:48 +0000

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

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

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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

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.