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IMPORTANT REAL ESTATE AUCTION - 23.45 +/- ACRES IN 3 TRACTS, AS PART OF A 36.61+/- ACRE AUCTION - FRESNO COUNTY, CA

Fresno County, Fresno, California

Owner: West Fresno Holdings LLC and the Waterford Foundation Wed, Aug 10, 6:00 PM PACIFIC

• Mix of Rural & Commercial/Development Land • Beautiful Potential Homestead & Development Sites • 2 Tracts in Fresno City Limits, 1 Tract Just Outside City Limits • Tracts Ranging from 1.92-17.54+/- Acres

The Assemi Group is offering an exciting opportunity to purchase vacant land with extensive development potential! Tract 1, 17.54+/- acres outside of Fresno city limits, presents the ability to use this property in many different ways. Tracts 2 and 3 are within Fresno City Limits and are located in the hotspot of current development adjacent to subject properties.

Click here for day 2 (Cambria, CA) of this auction!

CA Broker: Sierra Land Company (BRE#02157307)
Sarah Donaldson (#01897016)
7726 N First St. #510, Fresno, CA | Ph: 559.479.6582

ONLINE BIDDING AVAILABLE You may bid online during the auction at www.schraderauction.com. You must be registered One Week in Advance of the Auction to bid online. For online bidding information, call Schrader Auction Company at 800-451-2709.


Information Booklet


OPEN HOUSE/INSPECTION DATES

Meet a Representative at Tract 1:
Sunday, July 17 from 4-6pm
Wednesday, August 3 from 11am-1pm
Wednesday, August 10 from 12-2pm

PROPERTY LOCATION

Tract 1: From Hwy 99 take exit 138 if coming from the north or 138B if coming from the south. Go west on W Ashlan Ave for 3.2 mi. then turn south on N Bryan Ave & travel for 0.3 mi. Property is on the west side of the road.
Tract 2: From Hwy 99 take exit 140 & travel west on Shaw Ave for 1.7 mi. to N Grantland Ave. Turn north on N Grantland Ave & travel 0.6 mi. Property is on the east side of the road.
Tract 3: Traveling from the south: From Hwy 99 take exit 142 to W Herndon Ave. Turn right on W Herndon Ave & travel 1.6 mi. to N Polk Ave. Turn south on N Polk Ave & travel for 0.5 mi. to Dante Ave. Property is located on the southwest corner of the intersection of N Polk Ave & N Dante Ave. Traveling from the north: From Hwy 99 take exit 143 to N Golden State Blvd. Turn left on W Herndon Ave & travel 1.6 mi. to N Polk Ave. Turn south on N Polk Ave & travel for 0.5 mi. to Dante Ave. Property is located on the southwest corner of the intersection of N Polk Ave. & N Dante Ave.

AUCTION LOCATION

The Elite Event Venue, 4105 W. Figarden Dr, Fresno, CA 93722
From the south on Hwy 99, take exit 142 & turn right on W Herndon Ave to go east/northeast for 2.2 mi. Then turn south on N Santa Fe Ave for 1 mi. Then turn left on W. Figarden Dr to head northeast for 0.3 mi. The venue will be on the south side of the road.
From the north on Hwy 99, take exit 143 to N. Golden State Blvd. From N. Golden State Blvd, turn left on W. Herndon Ave to go east/northeast for 2.2 mi. Then turn south on N Santa Fe Ave for 1 mi. Then turn left on W. Figarden Dr to head northeast for 0.3 mi. The venue will be on the south side of the road.

TRACT DESCRIPTIONS

Tract 1: 17.5± ac 17.54+/- acres zoned RR-Rural Residential that is just outside Fresno city limits in the City of Fresno Sphere of Influence. Located just south of Glacier Point Middle School and the newly constructed Justin Garza High School. A lot of development potential to be found and still includes the rural feel! A draft of the ALTA survey, Phase 1 and Phase 2 test results can be seen in the information book and data room.

Tract 2: 1.9± ac 1.92+/- acres in Fresno city limits zoned Commercial Community located near the intersection of N Grantland Ave and W Barstow Ave. Current commercial development occurring on the adjacent properties to the north and south. Located in the Justin Garza School District.

Tract 3: 4.0± ac 3.99+/- acres tract that is currently zoned RM-2/UGM/CZ- Residential Multi-Family, Urban Neighborhood in Fresno city limits. Located on the SW corner of N Polk Ave and W Sierra Ave. Great location for future development! A proposed site plan and easement maps can be found in the information booklet and data room. Located in the Justin Garza School District.

TRACT MAP(S)

AREA MAP(S)

Summary of Auction Terms and Conditions:

BIDDING PROCEDURE: You may bid on any individual tract or any combination of two or more of the Fresno County tracts. Bidding on the individual Fresno County tracts will compete w/ combination bids until the end of bidding. Final bids are subject to Sellers acceptance or rejection.

PURCHASE CONTRACT: Immediately following the close of bidding, each high bidder will sign a purchase contract in the form provided in the bidder packets. All information contained in this brochure and other marketing materials is subject to the terms of the purchase contract.

BUYERS PREMIUM: The purchase price will be the high bid amount plus a 6% buyers premium.

PAYMENT: 10% of the purchase price will be due as an earnest money deposit, w/ the balance due at closing. YOUR

BIDDING IS NOT CONDITIONAL UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

CLOSING: To be scheduled in accordance w/ the purchase contract, approx. 45 days after the auction.

POSSESSION: At closing.

REAL ESTATE TAXES: Prorated to the day of closing.

DELIVERY OF TITLE: By warranty deed, subject to Permitted Exceptions as defined in the purchase contract.

EVIDENCE OF TITLE: Preliminary title evidence will be available to review before the auction. Buyer will receive a final title insurance commitment before closing. At closing, Seller will pay for the cost of a standard coverage owners title insurance policy.

SURVEY: It is expected that each tract will be conveyed using existing legal descriptions without a new survey. A new survey will be obtained only if necessary to record the conveyance or otherwise deemed necessary in Sellers sole discretion. The cost of any such survey will be shared equally (50:50) by Seller and Buyer.

ACRES; TRACT MAPS: Advertised acres and depictions of boundary lines are approximations based on property tax data and maps.

DISCLAIMER: THE PROPERTY IS OFFERED AS IS, WHERE IS, WITHOUT ANY WARRANTY OF ANY KIND AS TO ITS CHARACTER OR CONDITION OR ITS SUITABILITY FOR ANY PARTICULAR USE OR PURPOSE. The information contained in this brochure and any other marketing materials for this auction is provided without any warranty or representation as to the accuracy, completeness, or significance of any such information. Prospective bidders are responsible for completing their own independent inspections, investigations, inquiries and due diligence prior to bidding and for independently verifying any information relied upon. No liability for its accuracy, errors, or omissions is assumed by the Seller, Broker, or Auction Company.

AGENCY: The Broker (Sierra Land Company; Sarah Donaldson) will act as a sellers agent and will represent only the seller in connection w/ any sale. The Auction Company (Schrader Real Estate and Auction Company, Inc.) is providing auction services on behalf of (and will represent only the interests of) the owner/seller.

CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. All decisions of the auctioneer regarding the conduct of bidding at the auction are final. Seller and its agents reserve the right to preclude any person from bidding if there is any question as to the persons identity, credentials, fitness, etc.

CHANGES: Please arrive early to review any updates to the property information. THE TERMS OF THE PURCHASE CONTRACT and AUCTION DAY ANNOUNCEMENTS WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS and ANY OTHER PRIOR STATEMENTS.