Feel lucky? Modesto nonprofit raffling office building

February 15, 2017

 

agsafeMODESTO — The nonprofit education group, AgSafe, plans to sell its building in an unconventional way. It’s going to hold a raffle.

“One of our board members actually came up with the idea,” said AgSafe’s President and CEO Amy Wolfe. “We ran it by our lawyers and accountants. Once they signed off, we decided, ‘Why not?'”

AgSafe offers education and training for the food and farming industries. The group plans to move to a bigger space in downtown Modesto later this year, and it hopes to raise as much as $750,000 by raffling off its current building on Motor City Court just west of McHenry Avenue.

Tickets went on sale this week at $500 each. AgSafe said it will only make 1,500 tickets available. A winner will be drawn on May 19. If the winner doesn’t want the building, AgSafe will buy it back for $100,000. The concept is modeled after the “Dream Home Giveaway” sponsored by HGTV each year.

“There are very specific do’s and don’ts associated with a raffle, and we’ve leaned on the experience of others to be sure we’re doing everything right,” Wolfe said. “People I’ve talked with are excited.”

The current AgSafe building is 3,200 square feet and appraised at $425,000 and has been on the market for five months. Built in 1989, it features multiple offices, conference and break rooms, restrooms and plenty of storage.

The building is located at 406 Motor City Court just west of McHenry Avenue and faces busy Pelandale Avenue, which gives AgSafe plenty of exposure but limits access.

“It’s been a good home for us for almost four years, but we’ve outgrown it,” Wolfe said. “We’d love for another local company to make their home here. And before that, we’d be delighted if a local resident or one of our clients got a chance to win the raffle. That would be a win-win outcome for everyone.”

Anyone interested can buy raffle tickets on AgSafe’s website.

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