252.21 Acs. UC Tulare Property Sealed Bid
A unique opportunity to invest in 252.21 acres of open land located within the 2035 Urban Development Boundary of the City of Tulare. The site has good access with on and off ramps to Highway 99 and over 1/3 mile of freeway frontage. The property is currently zoned for agriculture with soil suited for a variety of permanent crops, though it also has potential future development into industrial and highway commercial uses. There are no operating groundwater wells on the parcel, however, Lower Tule River Irrigation District entitlement is included on 112.12 acres of the property. The owner is The Regents of The University of California. Consequently, the State of California mandates the property be sold by a sealed bid auction in accordance with The Stull Act. The bid process is described in the brochure.
1) Buyers shall request a Bid Package from the listing Broker, which shall include t...
1) Buyers shall request a Bid Package from the listing Broker, which shall include the Bidding Information and Requirements. Listing Broker: Dan H. Kevorkian Pearson Realty 7480 N. Palm Avenue, #101 Fresno, CA 93711 (559) 905-8073 Mobile
If represented by a licensed real estate broker, the broker must be identified in the Bidder Registration Agreement you will find in the Bid Package.
2) Once a fully executed copy of the Bidder Registration Agreement (located in the Bid Package) is returned to the listing Broker, the due diligence information will be provided to you via a link to access the DropBox.
3) Property showings can be arranged through the listing Broker. There is no minimum bid price for the property, however, the suggested minimum bid is $6,080,000.
4) Submit your sealed bid in accordance with the instructions found in the Bid Package on May 24th, 2022 by 12:00 PM.
5) The Seller will select the bid that it deems to offer the best combination of price and terms, or reject all bids.
Directions
The Northeast and Northwest corners of Road 112 and Avenue 184, lying adjacent to the East side of Highway 99 and near the Tulare City Limits.
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