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DTSTART:20190310T070000
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DTSTART;TZID=America/Detroit:20190308T170000
DTEND;TZID=America/Detroit:20190308T233000
DTSTAMP:20260420T025049
CREATED:20190104T181800Z
LAST-MODIFIED:20200210T210811Z
UID:10000241-1552064400-1552087800@www.miedemaauctioneering.com
SUMMARY:Logansport Fertilizer Terminal Sealed Bid Sale
DESCRIPTION:Description:\nFor sale by Sealed bid – Logansport Fertilizer Terminal  \n\nProperty Type: A dry and liquid fertilizer terminal located on long term leased land with access to Winamac Southern Railway.\nLocation: 2137 Stoney Pike Logansport\, IN 46947\nReason for Selling: For sale via Secured Creditors desiring to sell Leasehold Estate on Leased land with Merchantable Title to all fixed assets\, machinery and equipment. Property underwent significant site improvements in 2014\, but the facility never came into production.\nProperty Rights: A Leasehold Estate on leased land with Merchantable Title to all fixed assets\, machinery and equipment.\nReal Estate: Assets are situated on a 10-acre tract of land located at Logansport\, Indiana. The land is a long-term lease with the Winamac Southern Railway Company. The lease started on July 25\,2013 with a minimum annual lease of $5\,000. The lessee can earn back a rebate of $30 per inbound car of freight to a minimum of $1 per year rent. For any shortfall of less than 200 inbound cars ($6\,000) The lessee is responsible for the difference. Initial term is 15 years with a 15-year extension. See Appraisals supplementary data section of the full lease details.\nSite: 10.0 acres\, more or less\, of leased land. Additional 7.0 acres on highway frontage including commercial office and warehouse consisting of two (2) fee simple parcels are negotiable in the purchase or lease arrangement.\nZoning: AB – Agriculture Business\nImprovement: The fertilizer terminal with an estimated storage capacity of 24\,000 tons of dry storage capacity and 5\,500 tons of fluid storage capacity\, with 10 car siding.\nItems for sale:\n\nDry Bulk Fertilizer Storage Terminal\, 24\,000-Ton Capacity\nLiquid Bulk Fertilizer Storage\, 5\,500-Ton Capacity\nRail Siding – Capable of unloading 10 rail cars without a switch from the railroad.\nTruck Scale\, 11’ by 80’ Concrete Deck\n\n\nDate: sealed bid deadline is Friday\, March 8\, 2019.\n\n\nENTER AUCTION\nAuction Photos:
URL:https://www.miedemaauctioneering.com/auction-calendar/logansport-fertilizer-terminal-sale/
LOCATION:Logansport Fertilizer Terminal\, 2137 Stoney Pike\, Logansport\, IN\, 46947\, United States
CATEGORIES:Sealed Bid Auction
ATTACH;FMTTYPE=image/jpeg:https://miedemaauctioneering.s3.amazonaws.com/wp-content/uploads/2019/01/16171250/Logans1.jpg
ORGANIZER;CN="Austin%20Miedema":MAILTO:austin@1800lastbid.com
GEO:40.7365599;-86.331079
X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Logansport Fertilizer Terminal 2137 Stoney Pike Logansport IN 46947 United States;X-APPLE-RADIUS=500;X-TITLE=2137 Stoney Pike:geo:-86.331079,40.7365599
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