Real Estate of Wine Processing and Bottling Facility

30jul10:00 amReal Estate of Wine Processing and Bottling FacilityBy the Order of the US Bankruptcy Court, Eastern District of California, Sacramento Division - Case Number 23-23394Auction TypeTimed Online AuctionCategoryFood Processing,Real EstateCountryUSA

Date

July 30

Inspection

By Appointment Only, please contact [email protected] to schedule

Time

10am PDT (GMT-7)

Location

Lodi, CA

Register

Register

View & Bid

Pre-Bid Catalog

Event Details

 

 

Live Online Only Webcast Auction




By the Order of the US Bankruptcy Court, Eastern District of California, Sacramento Division – Case Number 23-23394


REAL ESTATE WILL BE SOLD PROMPTLY AT 10am PDT

Real estate offered to include: 25, 27, 29 and 31 East Vine St, Lodi, CA 95240

  • Property Type:  Industrial
  • Building Size: 41,382 SF  (Office add’l 1,220 SF)
  • Land Area: 41,382 SF (.95 acres)
  • Levels: One
  • Year Built: 1945
  • Year Renovated: 2015
  • Zoning: M2 Heavy industrial

 

 

Auction Photos

Logistics

    • All buyers are responsible for the items purchased at the auction.
    • It is your responsibility and the responsibility of your shipping agent to coordinate removal procedures and schedules with the equipment.
    • All the equipment must be paid for in full before a release will be given for the removal of the equipment.
    • If there are any questions or errors regarding the equipment, you must contact the auctioneer prior to removing the equipment. Once the equipment is removed, you assume all responsibilities.

    Below is a list of companies that can assist you with shipping. Please contact them directly for scheduling and pricing.  These shipping company names are provided for your convenience. You are not required to use these companies.

     

    Pack & Ship:

    • Craters and Freighters – Tel: 800.736.3335
    • Navis Pack & Ship – Tel: 800.344.3528 for locations

    Freight & Load:

    • Freight Logistics – Tel: 800-575-3346 Chad Cadwell x203, Jeff Gruidel x204.  Online quotes:  www.freightlogisticsinc.com
    • MoveIt Companies – Chad McDermott • Tel: 800.831.0030 x17
    • Nationwide Equipment Transportation, Inc – Tel: 866.922.8855

Terms & Conditions

 

Terms of Sale are summarized below. Please review and bid accordingly.

Please click here for complete Terms and Conditions of Sale

  • AUCTION REGISTRATION: In order to register for the auction, you must have pre-inspected the property and must confirm that you have done your own inspection prior to registration. The online registration form will need to be completed before online bidding is enabled.
  • REQUIRED DEPOSIT: $25,000 deposit must be received in order to bid.  Depost is non refundable if Buyer fails to close.  However, if offer is not accepted or your bid is not successful the deposit will be refunded.
  • PROOF OF FUNDS are required.
  • TRUSTEE AND BANKRUPTCY COURT:  All sales are subject to final Trustee and Bankruptcy Court Approval.
  • AUCTION INFORMATION: All available material and updates are posted to our website. Due diligence materials, Auction Purchase and Sale Agreement, Broker Registration forms, and other information may be obtained by calling 702-592-1012
  • BUYER’S PREMIUM: Property will be sold with a zero percent (0%) buyer’s premium.
  • INSPECTION: Call for an appointment.
  • CONDUCT OF THE AUCTION: Online bidding opens July 16th. The auction ends when the highest bid is recognized by the auctioneer July 30th. Bid increments and bidding methodology are subject to change at the sole discretion of the Auctioneer.
  • EXTENDED BIDDING: This auction uses an extended bidding feature. Any bid within the last ten minutes of bidding (Bid Deadline) causes an automatic 10 minute extension on the asset. When 10 minutes passes with no more bidding, bidding will close simultaneously, with the high bidder being declared the winner.
  • EARNEST MONEY REQUIREMENT: Winning online bidder must deliver earnest money via wire transfer to the Escrow and Closing Agent account immediately following the auction (See Auction PSA), in the amount of ten percent (10%) of the purchase price.  The successful bidder will be notified immediately following the closing of the auction and emailed the sale contract, to sign and return. If you have any questions, you may contact Peter Wyke at [email protected] or 702-592-1012.
  • PURCHASING AND CLOSING: Buyer shall execute an Auction Purchase and Sale Agreement (“Auction PSA”) for the property immediately after being declared the successful bidder by Auctioneer. A form Auction PSA is available at our website and at the auction site prior to the auction. The Auction PSA which Buyer must sign at the auction contains an acknowledgment that Buyer has inspected the property prior to the auction, is relying solely on his/her inspection, and is purchasing the property As Is with all faults and without reliance on any warranty of any kind whatsoever. NO CHANGES WILL BE MADE TO SAID AUCTION PSA OR ANY EXHIBITS ATTACHED THERETO, AND BUYER WILL BE OBLIGATED TO EXECUTE AND DELIVER SAID AUCTION PSA ON AUCTION DAY. Provided, however, Seller reserves the right to modify or amend said Auction PSA, to complete blank sections, to attach appropriate exhibits, and to comply with state and local laws as may be enacted or amended from time to time. Earnest Money must be in the form of wire transfer only. Closing must occur within thirty (30) days after the auction date. This deadline must be met unless extended in writing by mutual consent of the parties. Balance of purchase price will be paid in full at closing. Buyer not closing within the contractual time period to close will forfeit his/her earnest money deposit. Escrow Agent, Vickey Atkins P.C. is also Closing Agent.
  • BROKER PARTICIPATION: Buyer will be responsible for their own broker fees and closing costs.
  • FINANCING: Please note that financing is NOT a contingency of this transaction. Because financing is NOT a contingency, all potential bidders must make certain in advance that they are capable of obtaining the necessary financing to close the transaction.
  • PLATS/SKETCHES/DRAWINGS AND PHOTOS: Are not to be relied on. Existing legal descriptions are not guaranteed for complete accuracy. All acreage and dimensions are approximate and could be subject to change upon an actual field survey. All stakes, signs or flags indicating boundaries or location are for general location purposes only and are not to be construed as precise property corners.
  • EASEMENTS: All property sold is subject to recorded easements which include existing roads and planned roads, power line and other utility easements, ingress and egress easements, and other easements of record.
  • BUYER’S NOTE: Auctioneer reserves the right to add or delete property from this auction or to alter the order of sale from that published herein. Failure to inspect property prior to auction does not relieve the purchaser or purchasers of contractual obligations of purchase. Property sells As Is – Where Is with no warranties expressed or implied. Real property to be conveyed by Limited Warranty Deed. Only the following sale closing costs will be paid by seller: (1) Commissions or brokerage fees to auctioneer and/or cooperating Brokers as set forth in separate agreement with auctioneer, and as established in these Terms and Conditions; (2) reasonable title corrective expenses, in Seller’s sole determination; (3) 0% of closing fees charged by Closing Agent. All other closing costs, including but not limited to escrow fees, prorated portion of 2023 property tax, surveys, title examination, title insurance, transfer taxes, 100% of closing fees charged by Closing Agent, loan closing costs, and purchaser’s attorney fees are at the expense of the Buyer.
  • Information was gathered from reliable sources and is believed to be correct as of the date this material is published, however, this information has not been independently verified by Sellers or Auctioneers. Its accuracy is not warranted in any way. There is no obligation on the part of Sellers or Auctioneers to update this information. ALL ANNOUNCEMENTS MADE AT THE AUCTION TAKE PRECEDENCE OVER ALL ADVERTISING. Auctioneer is providing Internet bidding as a service to Buyer using a Third-Party Bidding System. Under no circumstances shall Buyer hold Auctioneer liable for system failures resulting in Buyer’s bid not being properly submitted. The Sellers do not have any liabilities whatsoever for any oral or written representations, warranties or agreements relating to the property except as expressly set forth in the Auction PSA. There is no obligation on the part of the Seller to accept any backup bids in the event the high bid falls through. Please note that unless specifically noted otherwise, Auctioneer represents the Seller only.
  • All bids made will be bidder’s responsibility. A successful bid at auction constitutes a legally binding contract of sale.
  • ONLINE: Bidders must register by clicking on the Register Now button for this auction. Online bidding requires a credit card validation. NO ONE WILL BE APPROVED WITHOUT A CREDIT CARD VALIDATION. Failure to do so will preclude participation in the auction. All credit card authorizations will place a 3-7 day hold on funds with your credit card company.
  • Accepted forms of payment: CASHIER’S CHECK OR WIRE TRANSFER ONLY.  •   NO PERSONAL CHECKS.
  • Propery sold AS-IS, WHERE-IS. All sales are final – NO REFUNDS, RETURNS OR EXCHANGES
  • Local sales tax will apply. To claim exemption, fax your valid, LOCAL and SIGNED resale certificate to 818-459-6985, or Email us. Reference your USER ID/BIDDER NUMBER on the fax.
  • Questions? Contact Us