By order of the U.S. Bankruptcy Court, Tiger Capital Group’s Commercial & Industrial division will conduct an online auction on September 20 of glass installation equipment, inventory, a vehicle fleet and real property formerly owned by Banner Glass, Inc.
The sale features a large quantity of shop equipment as well as a fleet of more than 30 well-maintained vehicles – including Ford, Chevrolet and GMC pickups, vans and cars as new as 2014. Additionally, an approximate 6,400-square-foot commercial building in the Crescent Design District of Leesburg, Va., partially occupied by an existing tenant, is available for sale through Marcus & Millichap.
Online bidding will commence September 13 at www.SoldTiger.com and will close in rapid succession, live auction style, on September 20, beginning at 10:30 a.m. (ET). Previews of the assets will be held September 19 from 10:00 a.m. to 4:00 p.m. (ET) at 8726 Baltimore-National Pike in Ellicott City, and at 305 Industrial Ct. S.E. in Leesburg.
“This is an excellent opportunity for individuals, automobile dealers, glass companies and other business owners to acquire high quality, lightly used work trucks and tools,” said Wayne Hecht, Field Operations Manager at Tiger Group’s Commercial & Industrial division. “This sale also offers businesses and real estate investors a unique opportunity to acquire a tenanted commercial property that offers prospects for residential redevelopment.”
Vehicles up for bid include two 2014 Ford Transit Connect vans; a 2012 Ford Fusion; a 2010 Ford Focus SE; eight Ford-150 Pickups as new as model year 2013; two Ford F-250 Super Duty pickups; seven Ford E-250 Super Duty cargo vans, most from 2013 and 2011 model years; six Ford E-150 vans, as new as 2013; as well as GMC Sierra pickups and Savana vans.
Available shop equipment includes vertical air compressors, glass cutting tables, wet belt abrasive sanders and other power and hand tools, in addition to ladders, bench vises, bench grinders, shop vacs and other equipment. Material handling equipment, including hydraulic pallet jacks and hand trucks, will also be offered for sale.
Glass inventory includes windshields, flat glass, tempered glass and mirrored glass.
The two-bay warehouse, located at 305 Industrial Ct. S.E., in Leesburg, is about 40 miles from central Washington, D.C. The offering from Marcus & Millichap presents investors and others with an opportunity to acquire a centrally-located 6,396-square-foot building on a 20,473- square-foot lot. The former Banner Glass bay is approximately 3,896 square feet and is built out as a glass shop with administrative offices. The 2,500-square foot tenanted bay is occupied by an automotive upholsterer who has been there long-term and is now on a month-to-month lease. Zoning allows for future residential development.
Banner Glass filed for Chapter 11 Bankruptcy Protection in July 2016 in Maryland Bankruptcy Court (case number 0:16-bk-19233).