KADIZ, Kai., 19 August 2021 / PRNewswire / – Motivated Bidders Achieve Strong Results in Online Auction of Seized Assets at Large CBD Processor in St. Cadiz, Kentucky… Group of tigers sold processing, laboratory and handling equipment assets, while Tranzon Asset Advisors eliminated real estate…
in August 10 Sales, Tiger Commercial & Industrial has completed the sale of all existing assets at its 86,500 square foot plant in Tiger. Cadizwhich is part of Clarksville, Tennessee., Metropolitan area.
In a separate online auction, Tranzon sold the 14.5-acre building and land for $ 2.1 million… The appraised value of the property was 1.6 million dollars…
“When we took a step back and looked at the sales figures for this equipment and real estate, we found that revenues exceeded our estimates by 45 percent,” he said. Jonathan Holiday, Business Development Director, Tiger Commercial & Industrial. “This speaks to several aspects, including the revival of the North American economy and CBD industry, the marketing reach of both firms, and the attractiveness of the assets on offer.”
Tiger’s international marketing efforts, which included sending 85,000 emails about the event, attracted over 22,000 views to the auction page at: SoldTiger.com… A total of 4018 applications were submitted for 160 lots of processing and other equipment.
“Our marketing efforts have attracted highly motivated buyers from hemp, cannabis, biopharmaceutical food and beverage, robotics, agriculture, engineering and other industries,” said Holiday. “Tiger’s targeted marketing strategy has focused on customized mailing lists, social media, trade publications and campaigns to appeal to industries that will benefit from this equipment.”
Although most of the registered bidders were from United States, others came from Belgium, Canada, China, Costa Rica, India, Jordan, Mexico, Pakistan, and Trinidad–Tobago… As a result, the equipment was purchased by 28 winning participants.
In-demand items included two 2019 Merlo telehandlers, three 2019 Precision Extraction Solutions automated solvent evaporators, a 2019 UIC short stroke distillation unit, a 2019 Shimadzu HPLC, and a Tuffman rotary drum. “The potential selling price for these items exceeded Tiger’s expectations thanks to an exciting bidding process,” Holiday said.
The property received 157 bids, and the Tranzon website for the auction attracted 5,215 views from potential buyers in Kentucky, Florida, Indiana, New Jersey, New York, and Pennsylvania… The bidding was extremely competitive in terms of the desirability and location of the property. A winning offer for real estate came from a local agricultural company.
“It is clear that the joint marketing efforts of Tranzon and the Tiger Group have hit all the intended target markets and attracted the best buyers,” said Jordan Conley, Executive Vice President of Tranzon Asset Advisers. “Winning bet $ 2.1 million far exceeded all expectations, but thanks to a solid group of bidders who saw an upward trend in industrial property demand, the winning bidder received an exceptional purchase. ”
Media contacts: In the commercial and industrial division of Tiger, Jonathan Holiday, (805) 367-3893, [email protected]; at Jaffe Communications, Eliza Krantz, (908) -789-0700, [email protected], or Bill Parness, [email protected]…
SOURCE Tiger Group