May 18, 2016 (COLUMBUS, Ohio) – Gryphon Auction Group and auctioneer Richard Kruse have been engaged to undertake an Online Only Bankruptcy Auction of 1001 Oakland Ave., Cambridge, Ohio, 43725. The property is a 6 unit apartment building with 5 x 2BR townhomes and 1 x 1BR apartment.
The location is owned by JC Fodale Energy Services and has been used as housing for local employees. Fodale filed bankruptcy earlier in the year in the Western District of Louisiana and ceased operations. Former employees vacated immediately leaving behind hard hats, work apparel and even refrigerators full of food.
The auction will be conducted entirely online at www.gryphonusa.com and will end at 1:30pm on Wednesday, June 15, 2016. Inspection will be available the week prior on Tuesday, June 7th from 11am to 1pm. Broker participation is encouraged.
Gryphon USA, Ltd. is a multi-faceted asset management and liquidation firm focusing on the operations and dissolution of single assets through and including entire companies. Gryphon maintains a receivership and asset management group commercial auction practice art, antique and pottery auction group and real property management group. Traditional real estate transactions are managed in partnership with Borror Properties Real Estate.