Farm Auction Guide

In order to receive the Property Information Package, download the Confidentiality Agreement from this page (link is above) and return by fax to 949.727.9022 or email to tcook@tranzon.com Court-Ordered Auction in the matter of SEC vs. PEM Group, Danny Pang et al Waterfront Restaurant Property w/Owned Boat Slips, Mariners Mile, Newport Beach 5,100sf Waterfront Restaurant Property on 27,103sf Lot, Newport Harbor Located in the heart of Newport Beachs famous Mariners Mile One of only 6 operating waterfront restaurants on Mariners Mile Signalized, high-traffic intersection of West Coast Hwy. and Tustin Ave. 400 LinearFeet of Owned Boat Slips (slips are not leased) Property can accommodate 8-10 boats ranging in size from 30-50+ feet Approx. 49 surface parking spaces, with valet parking potential for up to 20 additional vehicles Rare opportunity for owner/user or investor to purchase Newport Beach waterfront property Summary of Terms: $100,000 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 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.