As the commercial real estate credit cycle gets further along, rents and prices have shown signs of slowing and in some markets, even declines and some properties are getting caught in the undertow.

"We've had our eye this market for quite some time, and our patience has paid off."

With much of the industrial market catering to ecommerce users, owner/users in need of sub 50,000 square feet are seeing the biggest challenges.

The two-day auction will begin at 10 a.m. on Aug. 13th at the Manhattan offices of debtors' counsel at 601 Lexington Ave.