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REALTY MARKETING/NORTHWEST
AUCTION INFORMATION OFFICE
Corporate Office:
522 S.W. 5th Avenue, Suite 725
Portland, OR 97204
Phone: Portland Metro Area
(503) 228-3248
Toll-free
(800) 845-3524
Facsimile
(503) 242-1814
Email:
info@rmnw-auctions.comSUPPLEMENTAL INFORMATION PACKAGE
A Supplemental Information Package with Bid Documents,
which includes all pertinent data provided by the Seller, is
available by contacting the Auction Information Office and
signing a Confidentiality Agreement. A data site has been
established for property documents.
PUBLISHED RESERVE
This property is offered with a Published Reserve of
$5,895,000. This means that when the bidding reaches or ex-
ceeds the amount of the Published Reserve Price, the Seller
is committed to sell the property to the high bidder. THE
SELLER WILL HAVE THE OPTION TO EITHER ACCEPT
THE HIGHEST CASH, OR TERMS, BID WHICH IS AT, OR
ABOVE, THE PUBLISHED RESERVE OF $5,895,000. Should
the bidding fail to reach the amount of the Published Re-
serve Price, Seller reserves the right to accept, counter or re-
ject the high bid no later than five business days following
the Auction.
BID PROCESSING AND CLOSING
Sealed Bids are due August 28, 2018 by 5:00 p.m. Bid must be
accompanied by a certified or cashier’s check in the amount
of $250,000, made payable to AmeriTitle. Prior to making
a bid, refer to the Supplemental Information Package with
regard to customary closing costs including, but not limit-
ed to, recording fees, normal prorations, title fees, transfer
and/or excise taxes (if applicable), local improvements and
irrigation district assessments (if applicable), and document
preparation fees. Due diligence must be completed prior to
bid submission.
Bidders will be notified of acceptance or rejection of bid no
later than September 4, 2018. Earnest money deposit from
the successful bidder will be considered earned and be-
comes non-refundable liquidated damages in the event of
Buyer default.
Unsuccessful bidders’ earnest money will be returned with-
in three business days of Seller’s rejection.
Closing of the transaction will be no later than October 17,
2018.
FINANCING
Seller financing available subject to seller approval of pur-
chaser’s credit: A 35% down payment amortized over 25
years at 5.5% interest, all due and payable at end of five
years.
COOPERATING BROKERS
Broker cooperation is invited. A commission of 1.5% will be
paid to the real estate agent whose Buyer closes on the pur-
chase of the Auction Property. The real estate agent must be
a broker currently licensed by his/her state of residence or a
salesperson licensed under such broker. Cooperating broker
commission will be paid only upon close of escrow. Coop-
erating brokers will not share in any payment of liquidated
damages.
Buyers must register their real estate agent on the Sealed Bid
Form.
No real estate agent will be recognized for a Buyer where
that Buyer has previously contacted, or been contacted by,
the Seller, or Realty Marketing/Northwest, concerning the
Auction Property purchased. No commission will be paid
to any real estate agent participating as a principal in the
purchase of the property. The commission will be earned
and paid only upon the full and final closing by the Buyer
on the conveyance of the property and the receipt of the full
purchase price by Seller. No exceptions to this procedure
will be made.
ADDITIONAL CONDITIONS
(A) No claim will be considered for allowance, adjustment
or rescission based on failure of property to correspond to
any particular expectation or standard (except the Prelimi-
nary Title Report).
(B) Title insurance is available for the property, ensuring
the title of such property to be in fee simple, subject to no
encumbrances except for current taxes and assessments,
easements, rights-of-way, reservations, covenants, condi-
tions and restrictions of record, purchase money financing
and printed exceptions in the standard form Owner’s Title
Policy. A copy of the Preliminary Title Report for each prop-
erty is included in the Supplemental Information Package.
(C) To the extent permitted by law, properties will be sold
“As Is”. Prospective buyers should examine the property
and all supporting documentation carefully. Each bidder is
responsible for evaluating the property and shall not rely
on the Seller or sales agents. Buyer will take possession at
close of escrow.
(D) Sizes and square footages set forth for the property are
approximations only, based on the best information avail-
able, but the actual sizes and square footages may be differ-
ent. All sketch plans are conceptual in nature and neither
Seller nor its agents have submitted plan or made applica-
tions to any public agency.
(E) Agency Disclosure. The listing broker, Realty Market-
ing/Northwest, represents the Seller in affiliation with TPG
Properties in this transaction.
(F) Seller has the right to postpone or cancel the Auction in
whole or in part, at its sole discretion, and to modify or add
any terms and conditions of sale.
(G) Offer void where prohibited. Catalog will not be mailed
to residents of any state for which this offering is not in
compliance with the real estate laws or other laws of that
state.
(H) The information contained herein has been gathered
from sources deemed reliable; however, Realty Marketing/
Northwest makes no warranties expressed or implied as to
the accuracy of the information contained herein.
Need Help?
Realty Marketing/Northwest prides itself on the quality of
its service. If at any time you need special assistance, please
contact John Rosenthal, President at (800) 845-3524 or (503)
224-1906.
TERMS AND CONDITIONS OF THE AUCTION – CATALOG
1806
Auction conducted by Realty Marketing/Northwest, Broker in Affilia-
tion with TPG Properties, Broker
Aerial Photography by Geoterra
Graphic Design by Troy Hall
Editing by Marti Cohn
© 2018 Realty Marketing/Northwest. All rights reserved. No part of this advertising mate-
rial may be reproduced or utilized in any form or by any means, electronic or mechanical,
including photocopying and recording, or by any information storage and retrieval system
without permission in writing from Realty Marketing/Northwest.