5300 Claus Rd
Modesto, CA 95357
RIVERBANK PARCEL 2 and 2A (Aug 2018 Sale) · Land For Sale · 21.60 AC

BOTH PARCELS WILL BE SOLD TOGETHER. The Riverbank Parcels 2 and 2A are located at 5300 Claus Road, in Riverbank, California 95357 and comprise a portion of the Riverbank Industrial Complex (former RBAAP). Parcel 2 is vacant land with no buildings, but does contain railroad track over which a non-exclusive railroad easement shall be reserved to the City of Riverbank and the grantee. Parcel 2A is improved with asphalt pavement, perimeter fencing and is currently being utilized under lease as an RV/boat storage facility by the Riverbank Local Redevelopment Authority (RLRA). The RLRA lease will terminate upon conveyance of the property to the high bidder. Upon acceptance of the high bid, the Buyer may request a 30-day notice of termination and removal of all personal property be issued by the Government. This should allow time for removal of all personal property prior to closing. BROKER’S FINDER’S FEE Real estate brokers that have secured a registered bidder shall receive a “finder’s fee” in the event the bidder’s high bid is accepted and the sale is closed with all funds being received by the Government, and the broker is not (1) the bidder; (2) a partner in the bidding relationship; (3) in a partnership with the bidder; or (4) a corporate officer or controlling shareholder in the bidding corporation. The real estate broker shall receive a “finder’s fee” consisting of four percent (4%) of the sale price. The fee shall only be considered earned upon closing and will be paid through escrow. The obligation to pay a “finder’s fee” shall accrue at closing, not at Government’s bid acceptance. In addition to the Bidder Registration and Bid Form, bidders must complete and submit the Buyer's Broker Participation Registration Form on page 19 with their client’s bid form. Submissions of the Buyer's Broker Participation Registration Form after the receipt of the Bidder Registration and Bid Form will not be accepted and any identified broker will not be authorized to receive the “finder’s fee”.