General Mills Grain Elevator in Kennewick Sells for $800,000
What happened
A grain elevator located in Kennewick sold for $800,000 following an online auction, according to Musser Bros. The winning bid was submitted by Irrigation Specialists in Pasco, which negotiated the price up from $675,000. The property, which sits on 1.47 acres, includes a warehouse and elevator base.
From nbcrightnow.com
Why it matters
The property had previously generated an annual net cash flow of about $53,000 from warehouse and cell-phone antenna agreements. This transaction marks the divestment of a recognizable, long-standing structure in Kennewick.
From nbcrightnow.com
Who's involved
- General MillsOperator of the grain elevator facility in Kennewick
- PascoSubmitted the winning bid for the property
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PascoSpeculative
Irrigation Specialists in Pasco could see increased investment in local real estate assets following the acquisition of the property.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- Pasco company buys Kennewick grain elevator propertyPasco-based company acquires Kennewick grain elevator, signaling local real estate investmentPossible
- Kennewick city council may adjust planning after landmark elevator saleKennewick city council may face changes to local tax base after elevator salePossible
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The entities involved
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General Mills
American consumer goods manufacturer
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Kennewick
city in Benton County, Washington, USA
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