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County of San Bernardino Announces Live Auction to Sell 98.77 Acres of Raw Land in Ontario, Calif.


SAN BERNARDINO San Bernardino, city, United States
San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854.
, Calif. -- One of Last Large Undeveloped Properties in Ontario Ontario, city, United States
Ontario, city (1990 pop. 133,179), San Bernardino co., S Calif., near Los Angeles, in a region of vineyards; inc. 1891.
; $45 Million Set as Minimum Bid

The County of San Bernardino has announced the public sale of 98.77 acres of rail industrial-zoned raw land in Ontario, Calif.

The property is comprised of three contiguous Adjacent or touching. Contrast with fragmentation. See contiguous file.  land parcels that create one rectangular-shaped site that totals 5,200 feet in length and 940 feet in width at the property's widest point. The property is located three miles southeast of the Ontario International Airport, is bounded by two major interstates (I-10 and I-15) and one state freeway (60), and has a rail spur that runs through the site.

The undeveloped land, being marketed as "Ontario @ Haven," will be sold at a live auction on Thursday Thursday: see week. , March 30, 2006 in the County of San Bernardino's Board Chambers in San Bernardino, Calif.

According to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 the County of San Bernardino, this is an ideal warehousing and distribution center site. Ontario @ Haven is zoned for rail industrial use. It is one of the last large pieces of raw land in Southern California's fastest-growing region - the Inland Empire In·land Empire  

A region of the northwest United States between the Cascade Range and the Rocky Mountains, comprising eastern Washington, eastern Oregon, northern Idaho, and western Montana. Farming, lumbering, and mining are important to the area.
.

This market has been in great demand by major corporations, as well as by developers interested in creating industrial parks. The Ontario @ Haven land is large enough for one major user, or it may be subdivided to accommodate the development needs of several smaller users, according to the County of San Bernardino.

The minimum bid for Ontario @ Haven is set at $45 million. Parties interested in bidding for the property at the Ontario @ Haven land auction are required to register with the County of San Bernardino. In addition, all parties must place bids in-person and provide a deposit of $4.5 million in the form of a Cashiers Check for admission to the auction.

Further information about the Ontario @ Haven land auction is available from the County's Real Property Agent Tom Dustin at 909-387-7817.
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Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 15, 2006
Words:315
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