By Order of Parent Company CWECO, Inc.
Tuesday, November 15
11:00 am (PST)
Mon, November 14 from 11 am to 6 pm &
Tue, November 15 from 9 am to 11 am
Parties interested in submitting an offer for the Real Estate or the Real Estate with the Equipment, will be required to meet specific bidding requirements, which are available by request from Tiger. Please Note that all offers are accepted without contingency.
2,430 sq.M. Or 24,300 sq. Ft. (aprox) 17,000 sq. Ft. Warehouse , 800 sq. Ft. Office space
Parcel no. Rf 001-012 registered as vol. No. 397 of public records title no. 10.307, vol 397 of public records, no 11, in tijuana b.C. Mexico. Diva de mexico s.A. De c.V.
Metal structure with galvanized metal siding panels, 225 kva electrical sub station and 150 kva transformer, wired to 480, 240 and 115 v. High and low voltage distribution panel breakers. Electric and pneumatic distribution conduits throughout building (production areas).
Office 800 sq. Ft. Comprising executive office with bathroom and large room for administrative personnel. Two additional bathrooms at warehouse and locker changing rooms.
High dock with sliding metal door
Telephone system with land telephone lines.
Water ; available at site through city pipelines.
Sewer drainage: underground
No contingencies will be accepted. Clear title will be available to buyer, free of liens and encumbrances.
Cash to sales proceeds, (bid amount plus 10% buyers premium) or seller financing with 20% down payment, 2.5 points carry back loan commission. Balance interest only at 8% per annum due and payable in 5yrs. Interest payment to be paid in advance on a monthly basis. Remainder of balance to 20% is due and payable within 48 hrs from auction date. (escrow account will be opened in the state of california USA, escrow company).
REGISTER: To be eligible to bid, all potential bidders are required to register with the Auctioneer prior to the Auction sale. Only bidders who have registered and provided a properly presented deposit will be eligible to participate in the Auction. All onsite bidders will be required to present photo identification in order to be able to register. All On-Line bidders must also register on or before the morning of the sale at BidSpotter.com
DEPOSIT: ON-SITE BIDDERS: $10,000 Cashiers Check, as Proof of Deposit will be required to bid.
ON-LINE BIDDERS: All on-line potential bidders must provide a $10,000 deposit, by wire transfer, 24 hours prior to the auction. All deposit monies, held by the Auctioneer will be refunded to the unsuccessful bidder’s immediately following conclusion of the Auction.
BROKER PARTIICPATION: We are pleased to announce that a referral fee of 3% of the successful bid amount will be paid to a registered and licensed Real Estate Broker whose prospect pays and closed on the Real Estate. All Real Estate Brokers, in order to be eligible to earn the referral fee, must, prior to the Auction sale, forward to the Auctioneer its Clients Name, Address, E-mail address (if available) and Phone Number on Agency Letterhead together with a signed memorandum of understanding not less than 24 hours before the sale.
Preview of the Real Estate is available by private appointment and open to public inspection during the posted Preview times and days.
BID LIVE ONSITE: On the day of the Auction Sale, qualified bidders, who have registered and met the deposit requirements, may bid live, on site or bid live on-line through BidSpotter.com
During the Live auction you can competitively place bids against other Internet bidders as well as bidders at the auction site. Bidding is simple! You will see the bidding activity on your computer screen and if you wish to bid the auctioneer's "ask" amount, simply click the White Bid Bar located directly above the image of the lot being sold on the black side of your Real time Bidding Interface!
See Terms of Sale for additional deposit requirements, payment of balance and closing information and broker participation.
Bids on the real estate will be accepted only from Qualified Bidders. To qualify to bid, all potential bidders are required to register with the Auctioneer prior to the Auction sale. Only bidders who have registered and provided a properly presented deposit will qualify to participate in the Auction. You will be required to present photo identification in order to be able to register. In addition, all On-Line bidders must also register on or before the morning of the sale at at BidSpotter.com
ON-SITE BIDDERS: $10,000 Cashier’s Check, as Proof of Deposit required to bid.
ON-LINE BIDDERS: All on-line potential bidders must provide a $10,000 deposit, by wire transfer, no later then twenty four hours prior to the auction. Call or Email auctioneer for escrow account wire instructions. All deposit monies, held by the Auctioneer will be refunded to the unsuccessful bidder’s immediately following conclusion of the Auction.
Within forty eight hours after the Auction sale, the successful bidder will be required to provide the Auctioneer with an additional deposit, by certified funds or wire transfer, calculated to bring its total deposit to an amount equal to 20% of the total purchase price and the entire buyer’s premium.
Bidding: Once a bid is received by the Auctioneer, advances on that bid must be made in increments at least as great as those which the Auctioneer, at his sole discretion, shall designate as being necessary to surpass the last bid acknowledged by the Auctioneer. Should there be any dispute among competitive bidders for the property, the Auctioneer may reopen bidding on the property or he may, at his sole discretion, designate one of the bidders as the successful bidder. All decisions by the Auctioneer shall be final.
Purchaser closing with cash payment must close within 45 days of the auction sale with time being of the essence with respect to purchaser’s obligations.
FINANCING: Subject to additional terms, Seller may provide financing at a rate of 8% of the purchase price for a period of five years plus two one-half points.
A referral fee of 3% of the successful bid amount will be paid to a registered and licensed Real Estate Broker whose prospect pays and closes on the Real Estate. Referral fees will only be paid upon closing and receipt of commissions by the Auctioneer. All Real Estate Brokers, in order to be eligible to earn the referral fee, must, prior to the Auction sale, forward to the Auctioneer its Clients Name, Address, E-mail address (if available) and Phone Number on Agency Letterhead together with a signed memorandum of understanding not less than 24 hours before the sale.
A Buyer's Premium of 10% shall be added to the successful bidder's high bid price, for the Real estate, and become part of the total purchase price to be paid by the successful bidder.
The successful bidder will be required to sign a Purchase Agreement and other documentation concerning the Real Estate immediately upon the completion of the Auction. These documents will contain the precise terms and conditions of the sale. Copies of said documents shall be available through the Auctioneer's office.
Closing on the Real Estate shall take place at a location designated by the Seller. At closing, all closing costs and expenses will become due and payable in certified funds. Any purchaser not closing within the contractual time, without a written extension of time approved by the Auctioneer will forfeit its deposit. Requests for extension of time must be made at least five days prior to the scheduled closing date. All extension requests are at the Seller’s discretion. The sale and closing on the Real Estate is not subject to any contingencies or conditions, including, without limitation: (i) the purchaser securing or obtaining financing; (ii) the condition of the Real Estate (including environmental condition); (iii) the incurrence of any conveyance fees, transfer taxes, sales taxes or other charges, if any; each of which shall be the full and exclusive responsibility of purchaser. The purchaser of the Real Estate will be required, if necessary, to provide the Auctioneer with unrestricted use and occupancy of the Real Estate through completion of delivery of the Assets. Failure by the purchaser to comply with these Terms of Sale will result in default and any and all deposits will be retained by the Seller as liquidated damages.
The Real Estate is being sold “as is, where is, with all faults” and without any representations, contingencies or warranties of any kind or nature except that clear title will be delivered and subject to the Terms of Sale. The Seller, Broker and Auctioneer have been provided with information regarding the Real Estate; however, the Seller, Broker and Auctioneer have not undertaken any independent investigation of the accuracy of that information and make no representation or warranty concerning the truth or completeness of that information. The sale is not contingent upon inspection and will not be extended for that purpose. All written information and photographs are provided solely for the buyer’s convenience and shall not be construed to create representations or warranties of any kind pertaining to the Real Estate. The size and specifications of the Real Estate are believed to be correct, but if any statement, error or omission shall be found, the same shall not annul the sale nor entitle the buyer to be relieved of any obligation or adjustment of price. Neither Seller, Broker nor Auctioneer shall be liable for any relief, including damages, rescission, reformation, allowance or adjustment based on the failure of the property to conform to any specific standard or expectation. Prospective bidders should verify all information and should rely on their own due diligence and inspection.
The Auctioneer is acting exclusively as the agent of the Seller and the commission paid to the Auctioneer is identified as a Buyer’s Premium.
IT IS THE BUYER’S RESPONSIBILITY TO CONDUCT THEIR OWN DUE DILIGENCE and to examine or inspect the Real Estate prior to the day of the Auction. Buyer acknowledges that it has had the opportunity to inspect the Real Estate prior to tendering its bid and waives any claims against the Auctioneer relating to any information provided by the Auctioneer. The Buyer acknowledges that it has relied entirely upon its own inspections and investigations with regard to the quality and market value of the Real Estate. Failure of the Buyer to inspect the Real Estate or conduct its due diligence will not constitute cause for cancellation of the Auction Sale, or revocation of a successful bid.
In the event of a tie or other dispute between buyers, the Auctioneer in its sole discretion may reopen the bidding to determine the highest bidder. All decisions made by the Auctioneer are deemed final. The Record of Sale kept by the Auctioneer shall be taken as final in the event of any dispute. The Auctioneer reserves the right to reject any or all bids.
By submitting a bid, the bidder is making an irrevocable offer to purchase the Real Estate bid upon. The bidder acknowledges and agrees that by submission of its bid, it is accepting the terms and conditions set forth in these Terms and Conditions of Sale and none other.
Except as otherwise noted, all bidders must obtain their own financing. The Auction sale is not contingent upon the bidder securing or obtaining financing.