Hilco Global and Onyx Asset Advisors Auction Bankrupt West Virginia Commercial Properties
Event summary
- Hilco Global and Onyx Asset Advisors are auctioning two commercial properties near Morgantown, West Virginia, on July 6, 2026.
- The assets include a 43,287± SF Class A office building and a 136,865± SF fully leased retail center generating $2.28M in annual rental income.
- The office building is partially leased to Jackson Kelly under a 15-year lease, while the retail center houses national tenants like Kohl's and PetSmart.
The big picture
This bankruptcy sale reflects broader trends in commercial real estate, where distressed assets are increasingly coming to market amid shifting economic conditions. The strategic location near West Virginia University highlights the importance of institutional anchors in supporting property values. The deal size and tenant roster suggest potential for immediate cash flow, appealing to both private and institutional buyers.
What we're watching
- Bid Competition
- The level of interest in the auction will indicate investor appetite for distressed commercial real estate assets in secondary markets.
- Regional Demand
- Whether Morgantown's economic fundamentals, driven by West Virginia University and healthcare sector growth, can sustain long-term property value.
- Bankruptcy Process
- The pace at which the U.S. Bankruptcy Court approves the sale and any potential complications that may arise.
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