Lot# 1

Location: Sioux City, IA

Closed on:

April 18, 2024 | 10:29AM CDT

High Bid $1,950,000
Bid Increments
Bids over 0 must be in 250 increments
Bids over 5,000 must be in 500 increments
Bids over 10,000 must be in 1,000 increments
Bids over 50,000 must be in 2,500 increments
Bids over 100,000 must be in 5,000 increments
Bids over 250,000 must be in 10,000 increments
Bids over 500,000 must be in 25,000 increments
Bids over 1,000,000 must be in 50,000 increments
Max Bid?
  • Maximum Bids may be placed any time before the Item closes
  • Bids are confidential and other bidders cannot see your max bid
  • Max Bids are executed by the automated bidding system on the bidders behalf
  • Max Bids may be increased at any time before the item closes.
  • You may NOT lower a max bid after it has been placed
  • Max Bids are executed on the order they have been placed.
    • If there are more than one max bids placed for the same amount the first max bid recorded will be executed
    • If a single bid is placed at the amount of a previously entered max bid, the max bid will have precedence and be executed at that amount
  • When Max Bids are placed on an item that has a reserve, the appropriate bid will be executed to meet the reserve.
    • If the Max Bid is not high enough to meet reserve the max bid will be executed and "Reserve Item" will be displayed.
  • Bidder may increase their max bid until the Reserve is met if they desire.
DESCRIPTION


Address:
1321 Lewis Blvd
Sioux City, IA 51105

Licensed Capacity: 4,632,000 Bushels
Concrete Space: 4,327,693 Bushels
Flat Storage: 930,931 Bushels
- Flat storage building approx. 255' x 100', 3 bay metal building, all concrete floor & aeration fans, 20' unloading leg with drag conveyor to main house

Rail Track Capacities:
Main - 50 Car Working Capacity (BNSF Direct, UP, CN)
West - 25 Car Working Capacity (BNSF Direct, UP, CN)

Office:
40' x 60' with partial unfinished basement
Maintenance Shop x 2
Inbound and Outbound Truck Scales (80' x 10')

Main:
Leg 1 - 7,000 BPH (Rail Loadout)
Leg 2 - 8,500 BPH (Rail Loadout)
Rail/Truck Dump 3 - 7,500 BPH
Rail/Truck Dump 4 - 8,000 BPH
Dump 1 - 7,500 BPH
Dump 2 - 7,500 BPH
Jack Leg - 7,500 BPH
Dry Leg - 6,000 BPH
Wet Leg - 6,000 BPH
GSI 3,000 BPH Tower Dryer
Maintenance Shop & Break Room Facilities
Metal Frame, Metal Clad Storage Building
Truck & Train Drive-Thru
(3) 120,000 load out scales

West:
Leg 2 - 10,000 BPH
Leg 4 - 7,500 BPH
Grain Cleaning - 4,000 BPH

Dumping Capacity:
Dump 1 - 7,500 BPH
Dump 2 - 7,500 BPH
West Pit - 6,000 BPH
Truck Covered Drive-Thru Unload

(2) 120,000 load out scales at the West Elevator
Scale House & Small Maintenance Shop

Capex:
- New outbound Apollo truck scale in 2019
- New roof coatings on B, C, D in 2019
- New rail sampler in 2021

Facility is in current operation. No personal property is included other than belts, motors, cups and parts pertinent to the operation of the facility.

TERMS
High bidder will enter into a purchase agreement upon conclusion of the auction. A 10% earnest deposit to be placed with Erickson | Sederstrom P.C., L.L.O. of Omaha, NE. Balance of purchase price to be paid in full with certified funds upon closing and delivery of deed. Closing to take place on or before May 31, 2024. Closing fees to be shared equally between Buyer an Seller. Buyer title insurance for the account of the buyer. All Real Estate taxes shall be prorated as of closing. Full possession to be given upon closing. Sale of the property is not conditional upon the ability of the buyer to secure financing. Final bid is subject to the confirmation of the Seller. The property is subject to all recorded easements, covenants, restrictions and reservations of record. Broker and Seller make no representations, warranties, or guarantees regarding such rights.

Property and equipment are sold on an “AS IS WHERE IS" basis with no warranties or guarantees expressed or implied by the Broker or Seller. No operational assessments have been made by DPA Auctions; it has been photographed only. Agency Steve Peterson, Doug Rickett, Paige Peterson Broker are acting as Sellers limited agents and as such, solely represent the Seller in this transaction. We obtained the information above from sources we believe to be reliable. However we make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions prior sale, lease, financing, or withdrawal without notice. We include any projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your legal advisors should conduct your own investigation of the property and transactions. This will be real property ONLY. No personal property.



Notes:


DOCUMENTS

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Category: Real Estate

LOCATION

Sioux City, IA 51105

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Equipment Sold "AS IS, WHERE IS": All equipment/property is sold "AS IS, WHERE IS" with no warranty or guarantees, expressed or implied, No operational assessments have been made by DPA Auctions on this item, it has been photographed ONLY.