REAL ESTATE (Commercial)

Wed. Oct. 1, 2008 at 10:00AM

619 W. 9th Ave., Escondido, CA 92025

14,000 square foot building

27,800 square foot lot

46 parking spaces

Appraised for 3.6 million. Click here to download appraisal.

Suggested Opening bid 1.9 million

Auction subject to approval

property is in Notice of Default

Inspection: Monday Sept. 29 and Tuesday Sept. 30 from 10AM to 3PM and morning of auction  Oct.1 from 9AM to start of auction at 10AM

Deposit of $50,000. cashier check (to SC Escrow) in order to bid. When bid is approved, this deposit will be non refundable if buyer does not perform and can not close escrow in time.

Escrow will be 30 days.

Buyer and seller to pay their portions of escrow fees and title insurance.

A 5% buyer premium will be added to high bid.

Cooperation with real estate agents of 2%. Agent must register by fax (310) 541-6260 at least 24 hours before auction. Registration to include: real estate company name, agent name, and buyer name(agent & buyer need to sign).  Agent can have more than one buyer. Commission will be paid through escrow, at close of escrow.

Directions going south on 5 freeway. Take CA-78 toward Escondido/ Vista Way. Take 15 freeway south toward San Diego. Take 9th Ave., left. Less than 1 mile on right side of street.