Lender REO Auction Former Desert Palms Health Fitness Club 28,800 +/- sf Facility on 1.6+/- Acres Approximately 80 parking spaces Zoned C-2 (Highway Commercial) and PD-Com (Planned Development Commercial) Includes child care center, two weight-training centers, 3500sf aerobic center, cardio center, three racquetball courts, cycling room, 75 swimming pool, hot tub and sauna, mens and womens locker/shower facilities, full basketball court and lounge area All equipment/furnishings will be offered in a bulk lot separately, and then combined with the real estate Summary of Terms: $25,000 Cashiers Check required in order to bid; 10% Buyers Premium will be charged to high bidder; 10% total deposit day of sale; buyer pays all closing costs; Seller provides title insurance; close of escrow on or before December 14, 2009; 2% of the opening bid paid to properly registered cooperating broker; property sold as-is with no contingencies; sale subject to confirmation; please see Property Information Package for complete terms of sale.
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