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2-Day Public Auction CANCELLED
Former Indian Motorcycle Plant

MANUFACTURING PLANT AUCTION CANCELLED


The Asset Liquidation Division of CMA Business Credit Services today announced that it has cancelled the public auction of equipment, inventory and accessories remaining from operation of Indian Motorcycle Corporation. The auction was scheduled for January 21 and 22 in Gilroy, California.

Substantially all of the assets that were to be auctioned were sold in bulk to National Retail Equipment Liquidators, Inc. (“NREL”), of Kentwood, Michigan, pursuant to rights reserved by CMA in its Notice of Auction.

NREL has announced that it will conduct negotiated sales of substantially all of the advertised inventory commencing on January 21 and continuing on January 22. The assets will be available for viewing on January 19 and 20.

Information regarding NREL and the disposition of the Indian assets is available at www.nrel.com.
Public auction of the real property located at 200 East 10th Street, Gilroy, California, has NOT been cancelled. The auction will take place on January 21 at Gilroy’s Historic Strand Theater, 2788 Monterey Street, Gilroy.

Click Here for More information about
the real estate auction is which is NOT Cancelled.

NOTE: This auction was subject to prior sale and
is offered in bulk or piecemeal. The real estate will
be offered through Mario Piatelli (323) 272-4444.

Indian Motorcycle Plant Auction

Theater Style Auction to be Held at Gilroy's Historic Strand Theater
7588 Monterey Street, Gilroy, CA (408) 846-8455


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HIGHLIGHTS

Complete Manufacturing Plant
(86) Motorcycles, Parts, Accessories, etc.

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Auction Catalog (PDF, 684KB)
Finished Goods Photos (PDF, 365K)
Download Equipment & Machinery list:
List OneList Two (PDF 16KB each)
Download Brochure (PDF 668KB)

 

Terms

Cancelled Visit: www.nrel.com. for more information

Items will be offered in units of piece, feet or in bulk to the highest bidder. A 10% buyer’s premium will be added to all on-site purchases. A 13.5% buyer’s premium will apply to all online sales. A $500.00 cash refundable deposit will be required to register for the auction. 25% cash deposit required to secure purchases, balance to be paid within 48 hours after acceptance of bid. Payment must be made in cash, cashier’s check, certified check or wire transfer (First Bank, Inc., 865 Howe Avenue, Suite 310, Sacramento, California, CMA Auction Services Account Number 4150-007535, AB Number 0810-0942-8) payable to CMA, no personal or company checks accepted without a bank letter of guarantee. Full payment must be made before removal of purchase. Items will be sold on an as-is basis without any warranty or representation whatsoever. All sales are final. Some assets will be offered subject to approval by the secured creditor. Auction subject to prior sale. For real estate information, please contact Mario Piatelli (323) 272-4444.

Terms:
TERMS: $500 Cash Refundable Deposit Required to Register. 10% Buyer's Premium
Will Apply. 25% Deposit Required to Secure Purchases. All Sales Final, As-Is Where-Is.
Loging Information

Cancelled Visit: www.nrel.com. for more information

Hilton Gardens
6070 Monterey Street, Gilroy, California
Residence Inn
18620 Madrone Parkway, Morgan Hill, California

Directions:

Cancelled Visit: www.nrel.com. for more information

Map: 7588 Monterey Street, Gilroy, CA (2 Miles from Property)
From San Jose Airport to Auction Site:
Start going toward the airport exit on Airport Parkway, go 0.1 mile. Turn right on Guadalupe Parkway, go 2.6 miles. Continue on CA-87 South, go 5.7 miles. Take the CA-85 South exit, go 5.7 miles. Continue on US-101 South, go 20.3 miles. Take the 10th Street/Pacheco Pass Road/CA-152 East exit, go 0.3 mile. Turn right on East 10th Street, go 0.4 mile. Turn right on Monterey Street to Gilroy’s Historic Strand Theater.

From San Jose Airport to Preview at Indian Motorcycle, Inc.:
Start going towards the Airport Exit on Airport Parkway, go 0.3 mile. Turn right on Old Bayshore Highway, go 0.5 mile. Take US-101 South toward Los Angeles, go 33 miles. Take the 10th Street/Pacheco Pass Road/CA-152 East exit, go 0.3 mile. Turn right on East 10th Street, go 0.4 mile. Arrive at 200 East 10th Street, Gilroy.

Auctioneers

Cancelled Visit: www.nrel.com. for more information.

Chuck Klaus: (714) 920-7848 cell (818) 972-5352. Auctioneer Bond #005S103298464
(800) 541-2622, Ext 153
Real Estate: THE PIATELLI COMPANY: Mario Piatelli or Fred Havens, Real Estate Auctioneers In Los Angeles for Forty Years. (323) 272-4444 - (310) 228-8543 cell. In association with CMA Credit Managers Association.

Auctions - Liquidations - Appraisals - Terms - Q&A
CSAA AuctionsNAA Auctioneers
Bond #005S103298464

For a free estimate of your assets or for more information please
direct your questions and inquiries to any of the auctions staff.
(818) 972-5300 ext. 152 or 153
Jimmy LaRicca, Auction Manager - Bonded Auctioneer
Charles Klaus, Bonded Auctioneer
Victoria Murawske, Auction Administrator

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