About Harris Elevator
Location, location, location – why build a bin yard in a field off pavement when you can buy ~150,000 bu worth of storage that is serviced with 3 phase power, natural gas plus a scale house (office). In addition there is cleaning capability already started. This is an opportunity to buy the Harris elevator on CN lease located beside rail line and adjacent to Hwy #7. The owner feels the storage capacity is in the 150,000 bushel range. The elevator has a rated storage capacity of approximately 48,000 bus and the annex for 88,000 bushels. Total rated storage is approximately 136,000 bushels. There is an existing concrete pad that new steel storage could be added to the system.
The elevator has an office with ¾ bath. The lease has its own well and septic tank. The office is heated with a natural gas furnace which needs to be replaced. The hot water heater is natural gas.
Elevator has 34 ft. digital scale - 40 tonne capacity plus back hopper with beam scale. In addition, there is indent grain cleaner that was recently rebuilt. The leg has capacity of approximately 3,600 bushel per hour with newer belt with plastic cups. The elevator has overhead doors on both ends of the drive entrances. The car puller is still in place. The elevator has been completely re-tinned very recently.
The lease is subject to CN approval plus assumption fee of $500.00 plus a letter of credit for $125,000.00 and $1 million in liability coverage. Utilities with current usage run approximately $200.00 per month. The current lease is $1,650.00 per year plus gst. Terms were 5 year intervals. The current lease term ended on Aug. 31st, 2021 but is renewed annually.
