Bidding for The Scarritt Building & Arcade will run for a duration of approximately 48-hours and we suggest bidders check in regularly to the RI Marketplace listing page for continued updates. As all auction sales are non-contingent, we encourage bidders to begin reviewing the due diligence items right away and get in touch with the listing broker with any questions regarding the Property or market.
GETTING STARTED
• Create your RIM account by simply going to rimarketplace.com and clicking the “sign up” button on the top right corner of the site.
• Have additional questions? Contact the listing broker, our auction expert, or Marketplace Transaction Manager. Contact information for each is provided towards the bottom of the asset page.
• On the Asset page you can sign the electronic confidentiality agreement and access the due diligence vault. There you can download the OM and any due diligence documents needed to evaluate the opportunity.
REGISTRATION & AUCTION PARTICIPATION
• Registering to Bid: On the property page, click the “Register to Bid” on the right hand side. Complete the registration steps, including uploading your Proof of Funds which are required to become fully approved to bid. You will need to agree to Bid Terms and Conditions and submit your registration for approval. A Marketplace representative will be in contact with you during your registration to assist you through this requirement.
CLOSING & NEXT STEPS
• Once you are deemed the winning bidder at auction, you will be contacted by a Marketplace representative immediately.
• The purchase documents will be sent to you electronically and for execution within 2 hours per the Auction Terms & Conditions.
• Earnest Money Deposit must be received within 24 hours following the close of the Auction or as outlined in the purchase documents.
