PRE AUCTION OFFERS: PRIOR TO APRIL 26TH 2024 NOON PT

• Pre auction offers may be submitted on a standard commercial purchase contract. Pre Auction offers may have any contingency a buyer requests.
• The seller will provide the buyer a credit in the amount of $80,000 if the buyer submits their pre auction offer no later than APRIL 26TH 2024 Noon PT and the buyer’s offer is accepted by the seller and the buyer closes on the purchase of the property no later than APRIL 26TH 2024 Noon PT. The credit will be applied to the purchase price.
• No exceptions to the date deadlines will be allowed.
• The Buyer’s contingencies must be removed no later than APRIL 26TH , 2024 their deposit becomes non-refundable and is released to the Seller or closing of the purchase must occur by this date.
• The Buyer must provide a 10% deposit with their offer, proof of funds to close the purchase and lender approval letter (if applicable).

AUCTION DATE: BIDDING BEGINS APRIL 27TH AND END ON MAY 8TH, 2024 NOON PT

• Your Sealed bid must be submitted on the Braun Worldbid Sealed Bid auction purchase contract
• Qualifying round bids are due on MAY 8TH, 2024 Noon PT and must be emailed mmische@braunco.com or mailed to 438 Pacific Coast Highway, Hermosa Beach, Ca 90254.
• The top 50% bids of the qualifying round bids (by price) received, those bidders will be notified by 4pm MAY 8TH, they are approved to submit their Highest and best bid
• Those highest bidders, which have qualified to bid in the Highest and Best round are due on MAY 9TH, 12pm PT.
• Both the qualifying and highest and best round bids must be provided on the Braun Worldbid Sealed Bid auction purchase contract.

CLOSING:

• Escrow Shall close no later than JUNE 9TH 2024
• The Sealed Bid auction purchase contract is available at www.BraunCo.com/21011-pioneer-blvd-lakewood-ca-90715  by clicking on the “Due Diligence” button
• Auction day bids are completely non contingent

Auction Bidding Registration Requirements:

• Proof of funds in the amount of the bid in the name of the buyer
• Registration deposit in the amount of $30,000 is due with your Sealed bid contract. (fully refundable if your bid is not accepted).
• A 3% buyer’s premium will be paid by the buyer
• Lender approval letter (if the buyer is obtaining financing)
• Contact Braun Worldbid for wiring instructions
• A 10% deposit is required within 48 hours of bid acceptance. The Registration deposit is included in the 10%.

Auction Bidding Registration Requirements:

• A 2% commission will be paid to the real estate agent/broker who registers and represents the buyer who purchases the property.
• LISTING BROKER IS JOHN ZARVOS | VIKING INTERNATIONAL REAL ESTATE