Online Auction of Business Condos in California's Tri-Valley Ignites Buyers' Interest

LFC.com, the nation's premier online real estate auction website, features Northern California's first ever online auction of Business Condos.

Newport Beach, California (PRWEB) May 26, 2009

Nestled amongst organic vineyards in the Livermore Valley is a 77,000 square foot business condo project drawing a lot of buyer attention. The growing excitement from buyers is coming from the developer's new marketing and sales approach - an online auction.

The grand opening auction of office/light industrial business condos in Vineyard Hills aligns itself perfectly with the progressive, forward-thinking culture of TKG International, the project's developer.

"Rather than let the current real estate market slow us down, we sought a sales and marketing solution that would capture buyer attention, create excitement and ultimately produce results. LFC's online auction method matched perfectly with our objectives," states John Kontrabecki, principal of TKG International.

Nowadays real estate auctions are more commonly associated with distressed properties and sellers, but that is not the case with Vineyard Hills. As an effective method to accelerate sales, auctions allow buyers to set the sales price through a competitive, and with LFC's online auction method, transparent bidding process. The online aspect of this auction also removes the inconvenience and hassle from buyers spending a day in a chaotic room hoping to be the winning bidder.

"This auction presents local small businesses, and even larger companies looking to downsize or expand, the opportunity to buy a Class A office or flex property surrounded by exceptional views," states Bill Lange, president of the LFC Group of Companies. "Considering the minimum bids in this auction and the SBA loans available now, this is should be buyer's frenzy."

The Small Business Administration (SBA) is offering new loans and financing options for small businesses and buyers are encouraged to contact their local SBA office for details.

Vineyard Hills Business Condominiums were built using environmentally friendly materials, such as low VOC paints, adhesives and carpeting, and include skylights to allow more natural light and less electricity use.

Property documentation is available on http://www.LFC.com/762R2 for buyers to conduct due diligence prior to placing their bid before the bid deadline of June 18, 2009. The business condos are open for viewing Tuesday and Thursday 9:00am-5:00pm and Saturdays from 10:00am-3:00pm.

LFC Group of Companies: For more than 30 years, the LFC Group of Companies have served numerous Fortune 500 companies, real estate developers, investors, financial institutions and government agencies by auction marketing thousands of commercial, industrial, land and residential properties with an aggregate value well in excess of $5 billion. http://www.LFC.com (Commercial) http://www.FRE.com (Residential). The company also launched http://www.BigBidder.com, the only online auction website for buying and selling individual real estate-backed Notes.

# # #