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Tranzon Court-Ordered Auction - Commercial

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| Jacksonville, FL, USA |
1:00 PM - Friday December 11, 2009 |
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Court-Ordered Auction in the matter of SEC vs. PEM Group, Danny Pang et al Sealed Bid Offering 7.46 acre site of vacant, commercial land - Jacksonville Anticipated to be developed for hotel use Zoned PUD (Planned Unit Development) and will accommodate a maximum of 250 hotel rooms Located at the southwest quadrant of JTB and I-95 Bids Due: Friday, December 11th 1:00 PM Summary of Terms: $100,000 Cashiers Check required in order to bid; 10% Buyers Premium will be charged to high bidder; 10% total deposit submitted with bid; buyer pays all closing costs; Seller provides title insurance; close of escrow within 30 days; 2% paid to properly registered cooperating broker; property sold as-is with no contingencies; sale subject to court confirmation; please see Property Information Package for complete terms of sale.
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Tranzon
Richmond VA, USA
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