This warehouse building had to go

004Problem: The elderly owner’s husband had passed several years ago and she just shut down the business and closed the doors. Several deals with traditional realtors always fell apart at the last minute. The Industrial park had fallen on hard times being located in an area in transition.

Solution: Our attempt to auction the property initially resulted the same results-we didn’t get is sold. Despite that we knew it was a unique building with good zoning and a drive thru bay-more suited to industrial application and not a destination bound business. We kept working the call list on the property and worked with a Baltimore based Contractor that needed to base of operations in P. C. County.

Result: We entered into a 14 month lease with option purchase. The rental income and purchase option price will result in a total equivalent to the Realtor’s contracts which failed to go to settlement. Yes – it took a year to get it done – but sometimes you have to think outside of the box.



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Testimonials

Bob Tyler-Chapter 7 Trustee (Retired)

When someone has the responsibility for turning property of any sort into as much cash as the market will bear, it’s pure folly not to engage the services of an experienced liquidator like Nick Arrington. Not only is it necessary to “know the territory” in which sale of the property should take place, the seller also needs to know who the prospective purchasers for the property are likely to be, the best way to reach them – internet, news media, direct mail, -- and what the probable sale price range is likely to be. During the twenty-five years or so that I used Mr. Arrington as my agent for the purpose of liquidating property in bankruptcy cases where I was Trustee, we successfully sold real estate, cars, machinery, furniture, computers, and more other stuff than I can remember. Always the professional, he had a knack for making people enjoy dealing with him, was always prepared, and made me look good. I can’t thank him enough.

A. Henry-Executor Rappahannock Co. Virginia

We can’t thank you enough for your services in liquidating the antique cars in the Sperryville, Va. Estate. The entire process from pickup to arranging delivery to the new owners was seamless. Your pre auction estimates met or exceeded the values on each vehicle. We never imagined the cars would end up in so many different states and outside of the United States. Thanks again.