Monthly Archives: May 2011

Former Daycare Facility up for Online Auction

Posted by rbennett on May 31, 2011
Kansas Commercial Real Estate / No Comments

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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Commercial Land and Building Portfolio in Ft. Myers, FL

Presented by FRE.com and a RE/MAX Commercial, we are proud to present the  newest online auction portfolio for five CRE properties in Ft. Myers, Florida. Spanning across Ft. Myers, these three land parcels zoned for commercial or industrial use and two industrial properties are all being auctioned individually and online at FRE.com.

Here are some quick auction highlights in case you haven’t seen the online auction yet:

  • Minimum Bids as low as $49,000
  • Aggressive Bid Deadline set for June 30, 2011 at 5pm EDT
  • ± 25,000 SF multi-tenant industrial building
  • ± 2,480 SF industrial office / warehouse that sits on a ±13,300 SF lot
  • ± 7.71 acre industrial land parcel
  • ± 0.52 acre commercial land parcel zoned C-1
  • ± 4.80 acre of Bank-Owned land parcel zoned C-1

Not familiar with the area? That’s o.k. The Fort Myers-Cape Coral metropolitan area is the economic hub of Lee County of South West Florida. The county’s highly diversified economy has helped make it the most populous county in southwest Florida, with a population of more than 620,000. Lee County has experienced tremendous population growth over the last decade, though the pace has slowed significantly since the economic downturn. Still, thousands of people move to the region each year to search for employment opportunities and take advantage of the southwest Florida weather and lifestyle.

To view all of the auction properties, due diligence materials, details, and photos, visit FRE.com. Remember, all Bids must be submitted before the Bid Deadline of June 30, 2011 at 5pm EDT so move quick!

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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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Avondale, AZ Commercial Building in LAST CALL

The seller has elected to convert the online auction of the former church facility in Avondale, AZ to open online bidding!

In addition, the seller has invoked “LAST CALL®,” extending the bid deadline to Monday, May 23rd at 5PM MST. Any bids placed before the new bid deadline will automatically extend the auction for one more day. Definitely check out the related posts on LAST CALL if you want to understand all of the benefits this brings to the bidders.

If you still want to participate in the auction, it’s not too late to get in on the action! You can view the current high bid and participate in online bidding by visiting the Property Profile page on our website at www.FRE.com/3127-1. Hurry! This could be your last chance to pick up an Arizona investment property for an incredible price.

Photo Credit Copyright All rights reserved by kevinkoonz @ Flickr.com

Photo Credit Copyright All rights reserved by kevinkoonz @ Flickr.com

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23,000SF Mixed-Use Building in Online REO Auction

Posted by rbennett on May 19, 2011
Nevada Commercial Real Estate Auctions / No Comments

While the news that another bank-owned property has been brought to auction in Las Vegas, NV is not likely to turn many heads, this auction of a 23,000 SF, mixed-use property is being conducted entirely online at FRE.com.

The online platform is a unique, transparent, and easy way for interested buyers to due their research before placing a bid on an incredible investment property. All of the essential due diligence materials are posted on the auction website but, the part that REALLY makes the online auction a superior marketplace for buying real estate is the property’s $1,800,000 Minimum Bid starts at a fraction of it’s $3,580,000 Suggested  Value!

Here are some of the Sunshine Center’s property highlights of the  located at 1405 E Sunset Rd., Las Vegas, NV, but you should check out the auction website for all of the details, documents, and photos:

  • ±23,000SF mixed-use building
  • Adjacent to McCarran International Airport
  • Recently built, 2009, with a current tenant
  • Two floors and underground parking
  • Numerous possibilities for divisibility/build-out; general offices, medical space, retail, etc.

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