Commercial Auction Listings

NEWPORT BEACH, CA— The online auction for over 30 properties, owned by German construction and building company, Hallesche Mitteldeutsche Bau AG (HMB), has generated such a remarkable response that Freedom Realty Exchange’s Last Call®has been invoked, therefore extending the bid deadline in the auction. Since the launch of the campaign, the auction webpage has received over 12,000 unique visits and there are over 90 registered bidders.

“We are thrilled with the response and very happy that buyers have accepted the online auction process”, states Ryan Devin, Director of Auction Operations. “Not only do the buyers understand it, they appreciate the convenience and ease of use, but even more so the buyers are excited by the opportunity to purchase real estate at a very good price.”

During Last Call, the bid deadline is extended when a new bid is placed on a property or when the highest sealed is posted on a property, thereby opening it up to further bidding. Also, as the portfolio of individual properties is with one seller, the bid deadline is extended across all the properties in the HMB portfolio.

This phase of the auction is the most exciting as prospective buyers are given additional time to place their bids on any of the over 30 properties in the Saxony-Anhalt and surrounding states, while current bidders are awarded ample time to reconsider and react when out-bid.

The auction cannot last forever, so interested buyers are encouraged to visit www.FRE.de/118, register a user account, view the properties and download documents. By submitting the required bid deposit by credit card, which is as low as €500 on many of the properties, a bid can be placed on the property before the published bid deadline.

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, both nationally and internationally, providing a complete suite of real estate disposition strategies and auction marketing programs for commercial and residential property and mortgage notes.

This real estate auction, featuring a development site of approximately 43 acres, sits on the westerly side of Grove City, which is considered one of the faster growing suburbs of the City of Columbus. About 8 miles southwest of the Columbus Central Business District, this development site is located directly across from the Central Crossing School Complex (Central Crossing High School and Holt Crossing Intermediate School) and South-Western Career Academy near the intersection of Holt Road and Big Run South Road.

The zoning on this parcel is split; CPD (Commercial Planned Development) for the frontage and multi-family for the rear portion, affording itself to a unique development opportunity of retail shopping and apartments or condominiums.

Attracting much interest from local homebuilders, developers and real estate investors, the online auction on the Freedom Realty Exchange (FRE.com) delivers a fair and competitive online bidding process which will bring true market value to the property and the seller.

“The inventory levels of similar land is high, but when a seller such as this bank steps up and sets a minimum bid well below market value, it’s hard for buyers to ignore”, states Ryan Devin with the auction company.

As an alternative choice to a traditional real estate sale, online auctions can be particularly effective for financial institutions that want to, or need to, get the inventory off their books quickly and believe that the auction creates a trading platform bringing buyer and seller together in such a way that fair market value is realized. Evident by the minimum bid of $499,000, less than $12,000 per acre, the bank is very motivated to sell.

“We have had a good response from interested parties, mostly local builders and investors, but also some from out of state, who see the upside in purchasing at a discount, waiting until the market turns and then being in a great position to take advantage of it”, states Devin.

As with all of auctions on the Freedom Realty Exchange website, property research, due diligence and 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. Bids must be submitted by April 26th.

About LFC Communications, Inc.
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.

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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