Back To Website
Hammond Realty
Acres of Expertise.

Kitscoty (Alberta, CA - T0B 2P0)
$550,000

Hammond Realty


Kevin Jarrett
(306) 441-4152(Cell)


 
Details

Address: Kitscoty Elevator
Type: Commercial
Style:  Other
Size: 5,752 sq. ft.
Taxes: $1,219.00 (2016)
 
Description

PTN S1/2 26-50-3-W4 Lease # SAP3050697
4950 48th Avenue, Lloydminister AB T0B 2P0

Rare opportunity to purchase a fully functional, modernized grain elevator located one KM north of the Trans-Canada Highway 16 at Kitscoty, AB and adjacent to the CN railway. Vendor reports a total storage capacity of 228,000 bushels with 102,000 in-house supplemented by three Behlen grain tanks providing an additional 42,000 bushels each. Enclosed receiving lane with digital 100' x 10' digital Western Scale. Attached office area with bathroom. Two u-trough augers and drags, in and out, plus powered sweeps for each grain tank. Two 5,000 BPH Strongco legs with multi-distributor. Town water supply. Septic pumps into community system. Bonus revenue of $10,000 per year generated by leasing tower space to two cellular providers. Site is currently leased from CN Rail for $1,500 annually but requires a Letter of Credit for $35,000 in support. Vendor willing to consider land or other assets in trade.

3 Behlen Grain Tanks @ 42,000 bushels each = 126,000 bushels
Composite House capacity = 102,000 bushels
Total capacity = 228,000 bushel

Additional Equipment and Facilities
100 x 10 ft. Western Scale c/w Digital Readout
100 x 20 ft. Secure Over Scale and Receiving Lane Building
800 sq. ft. Receiving and Scale Office c/w Staff Facilities
2 — 5000 BPH Strongco Legs and Multi – Distributor
2 — U Trough Augers Composite in and out
2 — Drags Grain Tanks in and out
3 — Powered sweeps for Grain Tanks

Valuation 2017
228,000 bushels @ 2.00 FMV = $ 456,000
100' digital scale = $120,000
Material handling equipment = $114 ,000
Gross valuation = $ 690,000
Less 25% depreciation on storage = $ 114,000
Less 10% depreciation on material handling equipment noted as functional = $11 400
Net valuation = $564,600


Kitscoty Elevator
All values are annual

Expenses
2016 Taxes: $1,219.27
CN Lease: 1,500.00

Other Income
Xplornet: $6,234.00
CCI Wireless: 3,780.00
Total: $10,014.00

 
P2#254039550

Information is deemed to be correct but not guaranteed.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.