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| Nader Agha stands outside the Holman Building in Pacific Grove in 2005. (David Royal, Monterey Herald) |
Another day, another million.
The online auction for the historic Holman Building continued Tuesday with a bid of $5.5 million. The auction ends Wednesday.
On Monday, a bid of $4.5 million was registered on Auction.com. Mike Bitar of Executive Commercial, which is running the auction, said he is prevented from disclosing names of bidders.
The property and 5-story building is valued at $6.5 million, according to the Monterey County Assessor's Office. Owner Nader Agha put the building for sale in 2008 for $17.5 million.
Bitar said most bids come on the last day. He said he is getting several calls a day about the property.
The 120,000-square-foot property was home to the former Holman's department store. It was featured in John Steinbeck's "Cannery Row" with the story of a man roller skating above the store as a promotion.
Agha has “sole and absolute discretion” to accept the winning bidder’s offer, say legal documents posted on Auction.com.
I dare say that the Holman building is considerably more than 12,000 square feet.
ReplyDeleteOops! Thanks for catching that. I left out a "0".
ReplyDeleteBack in the 70's I did a little work for W R Holman around his properties on Granite at Lighthouse, and I recall a couple of incidents with this great man:
ReplyDeleteOnce when he had a hose that leaked he sent me down to his hardware department in the basement at Holman's, I thought he wanted a new hose, no, just a repair kit!
Another time he followed me up an extension ladder to the flat roof over a kitchen porch, two stories up at one of the rental houses on his property, I didn't think much about it until we climbed down and I noticed that he was a little wobbly when he landed: he was in his nineties!