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Pelham’s Industrial Warehouse Inc – Bankruptcy #20-41980 ONLINE AUCTION – Grand Prarie, Texas
July 16, 2020 @ 8:00 am - July 23, 2020 @ 10:00 am
Pelham’s Industrial Warehouse Inc – Bankruptcy #20-41980
Date & Time: Bidding starts Thursday, July 16, 2020 • Ends Thursday, July 23, 2020, beginning @ 10:00 AM (CDT)
Location: 917 Parkway Dr., Grand Prairie, TX 75051
Highlights: Industrial Warehouse & Transportation
BIDDING will begin Thursday, July 16th
Auction will CLOSE on Thursday, July 23rd, beginning at 10 AM (CST)
INSPECTION**BY Appointment ONLY** Tuesday, July 21st, 10 am until 4 pm
PAYMENT Payable to Rosen Systems, Inc, DUE Monday, July 27th, by 4pm via wire transfer, ACH or an overnighted cashier’s check or money order sent to our office – Rosen Systems, 2323 Langford St, Dallas, TX 75208
REMOVAL **BY Appointment ONLY** Monday, July 27th until Wednesday, July 29th with payment made payable to Rosen Systems, Inc. via wire transfer, ACH or an overnighted cashier’s check or money order sent to our office – Rosen Systems, 2323 Langford St, Dallas, TX 75208, by Monday, July 27th by 4 pm
The parties recognize that this offer is being made under unstable governmental regulations and abnormal market and social conditions and that further governmental restrictions relating to the global pandemic Covid-19 may limit, prohibit, or severely impair the ability of the parties to perform as contemplated above. In the event of further governmental restrictions, we reserve the right to make adjustments or revisions, including, but not limited to, adjustments to offered amounts, Occupancy Period, or other terms of this offer and any related or subsequent agreements. In addition, the parties shall work in good faith to reach mutually agreeable measures to comply with such restrictions.
Click here to BID, VIEW or REGISTER FOR THE AUCTION
ASSSETS FOR BID INCLUDE:
FORKLIFTS
• (2) CAT GC55K-STR, 11,000#, LPG, w/ Paper Clamp
• Hyster H50XT, 5000#, LPG
• (3) Hyster H50CT, 4500#, LPG
• Narrow Aisle AC1200 Flexi, electric, 3500#
• Hyster N45ZR2-16.5 Stand Up Order Picker, Electric
• (3) Hyster Electric Pallet Jacks
VAN TRAILERS
• 40+ Van Trailers, 53’ & 48’
WAREHOUSE
• 400+ Sections Pallet Racking, 16’ & 12’
• 100+ Portable Racks
• Dock Plates, Pallet Jacks, Fans & More
A 10% Buyer’s Premium is in effect, unless specified otherwise on the lot description.
Notes: Your invoice will be emailed to you at the conclusion of the auction.
Local Sales tax will be charged, unless a sales tax form is received
Click here for a Texas Sales and Use Certificate Form and/or Exemption Form
or Click here for a Resale Certificate Form
or Click here for a Multi State Uniform Sales and Use Certificate Form
FIRM REMOVAL DATES (NO EXCEPTIONS WILL BE MADE): > REMOVAL will be Monday, July 27th – Wednesday, July 29th, from 8 m until 4 pm, payment made payable to Rosen Systems, Inc. via Wire Transfer, ACH or Cashier’s Check or Money Order overnighted to our office – Rosen Systems, 2323 Langford St, Dallas TX 75208 by Monday, July 27th, by 4 pm, bring your own dollies, boxes and packing materials. It is the buyer’s responsibility to ensure that all items are removed within the time limit specified. If all items are not removed, within the time limit, a storage and/or removal fee will be charged to the buyer and/or bidding privileges revoked.
Buyer is responsible for making final payment in “certified funds” at time specified. Credit cards may be used for deposit upon registration for online auctions. Buyer is responsible for making final payment in “certified funds” at time specified. While the buyer’s credit card is initially charged for the deposit only, buyer agrees and authorizes Rosen Systems, Inc., to charge buyers credit card for up to the full amount of the final payment if the payment terms and removal terms are not completed by the buyer. A cash deposit may be required in amounts acceptable to auctioneer at his sole discretion.
Each auction you participate in will temporary post a $1.00 charge to your credit card account to validate your credit card. Within 48-72 hours the $1.00 validation will be released from your account.
Payment made payable to Rosen Systems, Inc., via Wire Transfer or Cashier’s Check overnighted to our office – Rosen Systems, 2323 Langford St, Dallas TX 75208. Company or personal checks are accepted ONLY if accompanied by a letter of guarantee from your bank. For wire transfer information, please contact our office at 800-527-5134.
ITEMS WILL CLOSE AT A RATE OF 1 PER EVERY MINUTE BEGINNING WITH LOT #1. IF BIDS ARE MADE WITHIN THE FINAL MINUTE PRIOR TO POSTED CLOSING, BIDDING WILL BE AUTOMATICALLY EXTENDED 2 MINUTES TO PREVENT SNIPING.
A Certificate of Insurance is required to bring and operate a forklift or any motorized equipment on site with a 2 MIL “General Liability” on file at our office with Rosen Systems, Inc., 2323 Langford Street, Dallas, TX 75208, listed as the Additional Insured. The insurance company can fax this to 972-248-6887 or email at [email protected]
A 10% Buyer’s Premium is in effect, unless specified otherwise on the lot description
ITEMS WILL CLOSE AT A RATE OF 1 PER EVERY MINUTE BEGINNING WITH LOT #1. IF BIDS ARE MADE WITHIN THE FINAL MINUTE PRIOR TO POSTED CLOSING, BIDDING WILL BE AUTOMATICALLY EXTENDED 2 MINUTES TO PREVENT SNIPING.
Terms: Buyer Registration to be completed in full online. Buyer MUST contact auctioneer for credit approval application.
Credit cards may be used for deposit upon registration for online auctions. Buyer is responsible for making final payment in “certified funds” at time specified. While the buyer’s credit card is initially charged for the deposit only, buyer agrees and authorizes Rosen Systems, Inc., to charge buyers credit card for up to the full amount of the final payment if the payment terms and removal terms are not completed by the buyer. A cash deposit may be required in amounts acceptable to auctioneer at his sole discretion.
Each auction you participate in will temporally post a $1.00 charge to your credit card account to validate your credit card. Within 48-72 hours the $1.00 validation will be released from your account.
A Cash Deposit of 25% will be required to complete registration. Failure to make a required deposit will result in suspension of bidding privileges.
Your invoice will be emailed to you at the conclusion of the auction.
A 10% Buyer’s Premium will be in effect. Payment shall be in full on sale day.
Payment shall be in the form of cash or cashier’s check. Company or personal checks are accepted only if accompanied a letter of guarantee from payer’s bank. The letter of guarantee must be on bank letterhead. Bank letter of guarantee to read as follows:
“Customer Name” is a customer of this bank. This bank will guarantee payment of checks written on the Account Number ______________, by “Name of Company/Individual” to Rosen Systems, Inc. up to the amount of “Insert Amount”. This letter of guarantee will be used for purchases at the “Auction Name”.
NO EXCEPTIONS!!
The sale is subject to local sales tax. Complete terms will be printed in the catalog of sale.
THERE ARE NO WARRANTIES, EXPRESSED OR IMPLIED, AS TO THE CONDITION OF ANY ITEM BEING SOLD INCLUDING WITHOUT LIMITATION WARRANTIES RELATED TO MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE.
ACCORDINGLY, ALL PURCHASERS ACCEPT THE ITEM TO BE SOLD IN “AS IS, WHERE IS” CONDITION. ALL WARRANTEES, EXPRESS OR IMPLIED, ARE HEREBY DISCLAIMED WITH RESPECT TO CONDITION. IT IS FOR THIS REASON THAT BUYER’S SHOULD AVAIL THEMSELVES OF THE OPPORTUNITY TO MAKE INSPECTION PRIOR TO THE AUCTION.
ALTHOUGH ALL INFORMATION HAS BEEN OBTAINED FROM SOURCES DEEMED RELIABLE, THE AUCTIONEER AND SELLER MAKE NO WARRANTY OR GUARANTEE, EXPRESSED OR IMPLIED, AS TO THE ACCURACY OF THE INFORMATION CONTAINED IN THE AUCTION BROCHURE OR SALE WEB PAGES.
Sale conducted by…
Rosen Systems, Inc.
www.RosenSystems.com
2323 Langford Street • Dallas, TX 75208
Phone: 972-248-2266 • Fax: 972-248-6887