This complete operating Equipment Rental Company is available for immediate purchase via sealed bid. Miedema Asset Management Group is excited to announce the sale of this fully functioning and operating business, being offered as a complete turnkey operation. The Asset Sale consists of the Real Estate, Operating Equipment and Large Rental Equipment Inventory of the enterprise through a sealed bid process. The business has an extensive and diverse rental inventory including heavy equipment, personal watercrafts and boats, party rental assets and more. The business is centrally located in the middle of Michigan, and has established a niche in the rental industry serving both regional contractors and the general “do it yourself” clients. They also have a location that allows them to capitalize on the seasonal vacationers with watercraft rentals. Sealed bids will be accepted through January 25, 2019. For questions or for more information, please call Brennen Lubbers at 616-265-4682
For sale via Secured Creditors desiring to sell Leasehold Estate on Leased land with Merchantable Title to all fixed assets, machinery and equipment. Property underwent significant site improvements in 2014, but the facility never came into production.
Property Rights: A Leasehold Estate on leased land with Merchantable Title to all fixed assets, machinery and equipment.
Real Estate: Assets are situated on a 10-acre tract of land located at Logansport, Indiana. The land is a long-term lease with the Winamac Southern Railway Company. The lease started on July 25,2013 with a minimum annual lease of $5,000. The lessee can earn back a rebate of $30 per inbound car of freight to a minimum of $1 per year rent. For any shortfall of less than 200 inbound cars ($6,000) The lessee is responsible for the difference. Initial term is 15 years with a 15-year extension. See Appraisals supplementary data section of the full lease details.
Site: 10.0 acres, more or less, of leased land. Additional 7.0 acres on highway frontage including commercial office and warehouse consisting of two (2) fee simple parcels are negotiable in the purchase or lease arrangement.