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PUBLIC AUCTION

REAL ESTATE & BUSINESS LIQUIDATION

 

WEDNESDAY, NOVEMBER 10, 2004

10:00 A.M.

REAL ESTATE WILL SELL AT 1:00 P.M.

 

J&R Supply Company, Inc.

3435 West 4th Avenue (Just off Hwy 12)

Gary, Indiana

 

Open House will be held on Monday, November 8 & Tuesday, November 9 from 10 a.m. to 4 p.m.

 

DIRECTIONS: From Interstate 94,in Indiana, take Cline Avenue Exit North to Gary Airport/Industrial Highway/Highway 12 Exit west approximately 2 miles. Auction on right just before overpass under construction.  Watch for Auction signs.

 

AUCTIONEERS NOTE:  This auction is being held for J&R Supply Co., Inc. owned by Rich and Joan Martin who have retired and moved to a warmer climate.  The Martin’s operated this heavy truck repair & supply company for over 30 years and have a large inventory that will be liquidated at this auction.  This will be a large auction with two rings running throughout the day.

 

REAL ESTATE DESCRIPTION:  Real estate includes several lots that will be sold individually.  Lot One is actually three lots and includes a 60’ x 60’ building with double overhead doors, office area, upstairs work area and parts storage.  The building has single- and three-phase available.  The entire lot has chain-linked fencing.  Lot Two has one out-building that is in disrepair.  It also is fenced.  Lot Three has a cell tower which is currently lease by two companies and generates approximately $8,000 per year in income.  Lot Four is another vacant lot and is adjacent to 5th Avenue.  REAL ESTATE TERMS:  $5,000 down the day of the auction (must be cash or cashier’s check).  Buyer financing must be in place prior to the date of the auction.  Closing to occur within 30 days after the auction.  A 10% buyer’s premium applies to the real estate.  Auction is subject to oversight by the Indiana Department of Revenue and the Internal Revenue Service.

 

BUSINESS LIQUIDATION:  Please note:  The following list is not complete as the building is filled with parts & equipment.

 

AUTOMOBILES:  1963 American LaFrance City of Gary Fire Truck – snorkel; 1981 F350 w/ custom hydraulic tailgate; Mack tri-axle dump truck (minus the hydraulic cylinder); 1986 GMC van (no front brakes); Kawasaki motorcycle (for parts); 70x14 ft. mobile home; 8x40 Sea Van; (2) 8x20 Sea Vans; four semi trailers; 1997 F150 tailgate; York bedliner for 1997 F150 pickup; and other misc. items.

 

EQUIPMENT:  Ingersoll Rand portable compressor; large commercial roto-rooter; 160 lb. PSI water cooled shop air compressor; disposal tank for oil and antifreeze; Bachtold Weed Chopper (plus second one for parts); 5-ton Black Hawk floor jack; rolling ramps; 2 2000 lb. transmission roller jacks; engine stand; FNC auto scan diagnostic center; Lincoln arc welder; 16 ft. extension ladder; lots of shelving (if not attached); gas weed eater; jumper cables; hydraulic hydro-vacs and boosters; truck air compressors; time clock and timecard rack; telephones; anvils & vises; rivet press; flatbed push cart; Bridgit 1-ton hoist; c-clamps; 30+ ton bearing press (w/ quick coupler power pack); Def-Blast sand blasting cabinet; Star Machine air riveter; band saw; 110 electric chain hoist; large diesel forklift (needs major repair); brake counter sink machine; 2 large & 1 medium AMMCO drum lathes; drum lathe tools; grinder; radial arm drill; axle & bearing pullers; bottle jacks; many storage cabinets; pipe threading machine; carbide tip tool grinder; South Bend metal lathe; AMMCO SafeArc brake shoe grinder; trailer jack stands; 2-ton electric hoists; MAC tool chest; MBC tool chest; Craftsman tool chest; Dorman Products Wall storage units (many drawers); 50-ton Hein Werner bottle jack; large diesel rotating engine stand; heavy duty Proto, MAC & OTC sockets; misc. office equipment; and much more.

 

PARTS:  large quantity of new Muncie & BWP brand parts and used items including differential and transmission (many transmission cores); steel brakelines; tractor trailer air hoses; various brake drums; truck hubs; used cores; tire rings; lock rings; wheel spacers; used truck shoes; heavy duty semi wheels; corrugated fenders; mud flaps; brake linings; crane van linings; many differentials; grease and oil pumps; many chain binders; 3 new 15-ton pintle hooks & 2 new large pintle hooks; flexalite truck fans; gear sets; 100-ton bushings; fittings and parts; truck clutches; Sealco, Bendix, Wagoner, Midland & Berg air valves; hydraulic & air brake shoes; starters; rebuilt generators and alternators; and too much more to list.

 

BUSINESS LIQUIDATION TERMS:  All purchases are subject to 10% buyer’s premium in addition to 6% Indiana sales tax.  Auction is subject to clearance from the Indiana Department of Revenue.  Cash, approved check, Visa, Mastercard, American Express or Discover will be accepted.  Food and restrooms will be available.  Visit our website at http://www.engstromauctions.com/ for more information.

 

Greg Engstrom, Auctioneer

AU1960091                                                                                             

 

Jeff Jordan, Auctioneer

AU10200133

For more information, call:

800-773-3960

or

219-464-7700

 

 

 

 

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