This 86,790 SF industrial manufacturing facility located in Grundy Center is fully leased to BioBlend Renewable Resources following its acquisition of Environmental Lubricants Manufacturing (ELM), a long-standing producer of biodegradable lubricants and greases. The property offers stable in-place cash flow through a landlord-favorable NNN lease structure.
Situated on 5.38 acres, the facility features heavy industrial infrastructure including 7 dockhigh doors, 2 drive-in doors, 16’–20’ clear heights, wet sprinklers, and heavy 3-phase power service. The building contains approximately 3,840 SF of office finish and has undergone several recent capital improvements, including a new rubber membrane roof system and more than $160K in electrical upgrades, with an additional $200K in tenant improvements planned.
Strategically positioned within central Iowa near major interstate corridors, the property supports specialized manufacturing operations. The tenant’s continued investment in the facility and long-term operational commitment reinforce the asset’s stability and provide potential long-term value growth within the expanding renewable and sustainable products sector.
