$199,000 Minimum Bid
Bank-Ordered Online Auction
±5,803 SF Mixed Use Building in Vallejo, CA
$199,000 Minimum Bid
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.
Related Posts
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
California Residential Development Land For Sale
LFC Auction #1 – Strada Del Vino Lot #1| Temecula, CA
Property Details:
Size: 4.81acres
Location: Temecula, California
Minimum Bid: $149,000
This Online Auction offers serious buyers an incredible opportunity to purchase prime land located in the emerging southern California wine capital of Temecula. The total property, ± 25 acres, is subdivided into 5 separate lots, each fully entitled as a ± 5 acre residential vineyard estate lot, although the land is zoned Citrus Vineyard and lends itself to many other uses. Streets and wet utilities are in, and the dry utility design has been completed and accepted by Edison. The site is partially planted with grapevines which are managed under an agricultural easement by Stuart Cellars.
Detailed property documents including zoning, conditions of approval, easements, geotechnical reports, improvement plans, plot maps, etc. are available under the Document tab above.
Acres: 4.81
Zoning: C/V Citrus Vineyard
APN: 927-480-010
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Nation Wide Commercial Property For Sale
LFC Auction | National Search
Property Details:
Size/Type Various
Location: Nation Wide
The National Auction Property Search provides easy access to real estate properties currently
offered for auction through LFC’s Accelerated Marketing Program (AMP). You can filter your
search results by property type or click on a state.
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California Commercial Land For Sale
LFC Auction #773-1 | Salma, CA
Property Details:
Size: 15.79 acres
Location: Salma, California
Minimum Bid: $249,000
This +/- 16 acre parcel of vacant land in charming Selma, CA has an approved Tentative Map for 66 residential lots. The property is located just minutes from the 99 and 43 freeways. Selma is a regional focal point for southeast Fresno County, and is just twenty minutes from bustling Fresno.
Selma is a truly lovely small town, boasting a wide range of educational opportunities and first rate healthcare, along with multiple restaurants, retail shops and a charming downtown neighborhood. Selma has seven city parks, including the famous Pioneer Village, and offers a thriving community center, senior center, and cultural arts center. The town is also within driving distance of three breathtaking national parks: Yosemite, Kings Canyon and Sequoia.
Selma has produced a growth rate of three percent per year since 1998; the town is now home to over 23,000 people. In addition, there are multiple retail and commercial projects in process that will add to the five established shopping centers nearby.
With its proximity to Fresno, Selma residents get the comfort and pleasantry of small town living without sacrificing the versatility of the big city. There is something for everyone in beautiful Selma, California!
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Yucaipa California Commercial Land For Sale
LFC Auction #709-3 | Yucaipa, CA
Property Details:
Size: 4.71 acres
Location: Yucaipa, California
Minimum Bid: $240,000
Located just north of County Line Road and east of Interstate 10 in charming Yucaipa, CA, Yucaipa Grove is a 4.71-acre subdivision, comprised of 16 mapped lots for single-family residential development. All improvement plans have been approved and the final map is signed and ready to record.
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Calimesa California Commercial Land For Sale
LFC Auction #709-2 | Calimesa, CA
Property Details:
Size: 8.71 acres
Location: Calimesa, Califonia
Minimum Bid: $222,000
Located just north of the Calimesa Country Club and east of Interstate 10, Calimesa Meadows is an 8.71-acre subdivision comprised of 37 lots for single-family residential development.
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