Corporate Surplus – 49,385+/- Prime Retail or Approved Multi-Family Development on 3.4 Acres

Highlights:

• Multifamily Development Opportunity Entitled for 372 Units
• Existing 49,385+/- SF Retail Big Box (formerly Orchard Supply Hardware) with CN Neighborhood Commercial Zoning
• ±3.40-Acre Infill Site within a densely populated San Jose corridor
• Approved Six-Story Residential Development
• Significant Entitlement and Pre-Development Work Completed
• Strategic Alum Rock Avenue Location with Access to Silicon Valley Employment Centers

Description:

Online Auction November 5 - List Price is Opening Bid

Inspection Dates: October 15th and October 29th – 12-2PM

Summary of Terms: A $100,000.00 deposit is required in order to bid. All property sold in “as is” condition. A 5% buyer’s premium will be added to the high bid to determine the contract price. High bidder is required to execute a Contract for Sale and Purchase of Real Estate and remit to Tranzon by close of business the day of the auction. A 10% deposit is due within 48 hours of being notified that you are the successful high bidder. Balance of contract price is due at closing within 40 days. Seller will provide special warranty deed at closing. Please see Contract for Sale of Real Estate and Terms & Conditions in the Property Information Package at www.tranzon.com/TAS2612 for all sale terms.