311 B Ave | Grundy Center, IA 50638
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- LoopNet Team
311 B Ave
Grundy Center, IA 50638
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- 86,790 SF mission-critical manufacturing facility
- Long-term NNN lease structure expiring April 1, 2030, with (2) fiveyear renewal options
- Recent capital improvements include replacement of rubber membrane roof system and $160k+ in electrical upgrades (2023)
- Tenant: BioBlend Renewable Resources, LLC, following acquisition of Environmental Lubricants Manufacturing (ELM)
- Below-market lease rate of $2.07/SF, offering long-term upside
- An additional $200k in Tenant Improvement dollars will be invested into the building in 2025
PROPERTY FACTS
| Property Type | Industrial | No. Stories | 1 |
| Property Subtype | Manufacturing | Year Built/Renovated | 1960/1999 |
| Building Class | C | No. Dock-High Doors/Loading | 7 |
| Lot Size | 5.38 AC | No. Drive In / Grade-Level Doors | 2 |
| Rentable Building Area | 88,701 SF | ||
| Zoning | Commercial | ||
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 5.38 AC |
| Rentable Building Area | 88,701 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1960/1999 |
| No. Dock-High Doors/Loading | 7 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | Commercial |
UTILITIES
- Lighting
- Water
- Sewer
PROPERTY TAXES
| Parcel Number | 871607102003 | Improvements Assessment | $1,049,550 |
| Land Assessment | $96,900 | Total Assessment | $1,146,450 |
PROPERTY TAXES
Parcel Number
871607102003
Land Assessment
$96,900
Improvements Assessment
$1,049,550
Total Assessment
$1,146,450
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