(Includes 1,000 ± Acres Private leased land)
Waurika is located at the intersection of Highway 81 & 70 in southern Oklahoma about 50 miles west of Interstate 35. The headquarters for this high volume beef production outfit are approximately 6 miles southeast of Waurika. The property is comprised of 7,000 ± acres nearly all contiguous (including 1,000 acres of leased land that is mostly native grass), with 3,300 acres being cropland that is used to grow winter wheat. The balance of the deeded land, about 2,700 acres, is grass land of mostly native species and some Bermuda. The farm runs between 8,000 and 10,000 head annually. The property includes 30 miles of new fences along with steel gates, numerous water ponds and an excellent set of pens at the headquarters in addition to 5 other sets of improved working pens. This farm was laid out to maximize beef production in the most efficient way possible. The fencing pattern was designed for ease of cattle movement utilizing minimal staff. The native grass traps allow for a place to straighten the cattle out before putting them on the wheat fields, which also have a 20’ buffer of Bermuda grass on their perimeters. The modern headquarters has a large shop building, a set of scales (1 of 3 sets on the farm), a covered arena and two stall barns in addition to the owner’s home. This farm is situated in an area that qualifies it for an accelerated depreciation schedule.
• Modern 21st Century Stocker Cattle Operation
• High volume cattle production farm utilizing growing wheat for cattle graze out
• Expertly designed to be an efficient stocker cattle operation
• Property has historically produced over 2 million plus pounds of beef annually
• Nearly All Contiguous
• An average of 32 inches annual precipitation
• 20 ± ft. Bermuda grass buffer around each wheat field
• Abundant Water
• This farm and improvements have been kept in outstanding condition
• Excellent Headquarters
• Covered horse arena
Land: 7,000 ± Total Acres Comprised of:
Cropland 3,300 ± Ac. Native and Bermuda grass 2,700 ± Ac. Leased land (all native grass) 1,000 ± Ac. Number of wheat fields 14 Number of grass traps 23
Livestock Water: Number of ponds in wheat fields 35 ± Number of ponds in grass areas 34 ±
• 4 Homes: Including a main home, manager’s home and two employee homes. • 6 sets of working pens • 3 sets of scales • 40,000 sq. ft. covered arena with kitchen, bathrooms & office. • Outdoor working arena • 10,400 sq. ft. 40 stall barn • 23,400 sq. ft. 78 stall barn • 1,200 sq. ft. scale house & saddle room • 28,000 sq. ft. large shop • 1 smaller shop • 2 barns • Hay yard • 30 miles of new fence • 40 RV. hook-ups
Directions to the property and auction: From Highway 81 southeast of Waurika, OK, travel east on E1990 Rd. approximately 2.5 miles to the Headquarters.
Auction Day: On auction day, lunch will be served at noon to registered bidders and their guests.
Driving Distances to Waurika: Ft. Worth, TX: 100 miles south, southeast Oklahoma City, OK: 95 miles north Amarillo, TX: 230 miles northwest Midland, TX: 280 miles west, southwest Lubbock, TX: 210 miles west
AUCTION TERMS AND CONDITIONS
PROCEDURE: The property will be offered in its entirety.
DOWN PAYMENT: A 10% down payment of the total contract purchase price will be due immediately after being declared the buyer. The down payment may be paid in the form of personal check, business check, or cashier’s check made to Hall and Hall Partners, LLP Real Estate Trust Account. The balance of the contract purchase price is due in cash at closing.
ACCEPTANCE OF BID PRICES: All successful bidders will sign a sale contract at the auction site immediately following the close of bidding. The property will be sold to the highest bidder(s). There will be no financing contingencies.
BROKER PARTICIPATION: A commission will be paid to any properly licensed Broker who registers a successful buyer according to the broker participation guidelines. Broker registration forms are available from Hall and Hall. Forms must be completed and returned no later than Tuesday, April 10th at 5pm.
CLOSING: At Seller’s discretion, closing date shall be on or before May 15th, 2012. Possession of the property will be given on or before May 15th, 2012. The seller may wish to complete a 1031 tax exchange.
TITLE: Seller shall furnish the Buyer(s) at Seller’s expense an updated abstract for the property and agrees to provide and execute a warranty deed conveying merchantable title to the real estate to the Buyer(s).
REAL ESTATE TAXES: The 2012 calendar year taxes shall be prorated to the date of closing.
RANCH LEASES: The property will be sold subject to terms of existing leases. Lease terms are available for review.
EQUIPMENT: Equipment will be available for purchase to the Buyer. Contact Hall and Hall for further details.
MINERAL RIGHTS: The sale of the property shall include mineral rights owned by Seller, if any.
AGENCY: Hall and Hall Partners, LLP and its representatives are Exclusive Agents of the Seller.
DISCLAIMER AND ABSENCE OF WARRANTIES: All information contained in this brochure and all related materials are subject to the terms and conditions outlined in the sale contract. Announcements made by the auctioneer at the auction podium during the time of the sale will take precedence over any previously printed material or any other oral statements made. The property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either express or implied, concerning the property is made by the Seller or the auction company. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property. The information contained in this brochure is believed to be accurate but is subject to verification by all parties relying on it. No liability for its accuracy, errors or omissions is assumed by the Seller or the auction company. All sketches and dimensions in this brochure are approximate. All acreages are approximate and have been estimated based on legal descriptions or aerial photographs. Conduct at the auction and increments of bidding are at the direction and discretion of the auctioneer. The Seller and Auction Company reserve the right to preclude any person from bidding if there is any question as to the person’s credentials, fitness, etc. All decisions of the auctioneer are final.
SELLERS: Drummond Land and Cattle Company.
MANAGEMENT SERVICES – Hall and Hall’s Management Division has a very clear mission–to represent the owner and to ensure that his or her experience is a positive one. Services are customized to suit the owner’s needs. They often begin with the recruiting and hiring of a suitable ranch manager or caretaker and are followed by the development of a management or operating plan along with appropriate budgets. Ongoing services include bill paying, ranch oversight, and consulting services as needed. Even the most sophisticated and experienced ranch owners appreciate the value of a management firm representing them and providing advice on local area practices and costs. Wes Oja, Jerome Chvilicek, Dan Berstrom or Brant Marsh at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call.
RESOURCE ENHANCEMENT SERVICES – Increasingly the value of a ranch is measured by the quality of each and every one of its resources. Coincidentally, the enhancement of a ranch’s resources also increases the pleasure that one derives from the ownership of a ranch. Our management services have included the assessment of everything from wildlife habitat to bird habitat to water resources and fisheries and the subsequent oversight of the process involved with the enhancement of these resources. Wes Oja, Jerome Chvilicek, Dan Bergstrom or Brant Marsh at (406) 656-7500 are available to describe and discuss these services in detail and welcome your call.
AUCTIONS - Hall and Hall Auctions offer “Another Solution” to create liquidity for the owners of Investment-Quality Rural Real Estate. Our auction team has experience in marketing farmland, ranchland, timberland and recreational properties throughout the nation. Extreme attention to detail and complete transparency coupled with Hall and Hall’s “Rolodex” of more than 40,000 targeted owners and buyers of rural real estate help assure that there are multiple bidders at each auction. In addition, the unique Hall and Hall partnership model creates a teamwork approach that helps to assure that we realize true market value on auction day. For more information on our auction services contact Scott Shuman at (800) 829-8747.
APPRAISALS - Staying abreast of ancillary market influences in ever-changing economic conditions requires a broad professional network to tap into. Finding an appraiser who not only understands the numbers but also the differences in value from one area to another is a critical part of making an informed decision. The appraisal team at Hall and Hall, formed entirely of Accredited Members of the American Society of Farm Managers and Rural Appraisers (ASFMRA), has that critical network of brokers and lending professionals. This professional network coupled with diverse experience across multiple regions and market segments allows our appraisal team to deliver a quality product in a reasonable timeframe. For more information contact our appraisal team at (406) 656-7500.
SPECIALIZED LENDING - Since 1946 Hall and Hall has created a legacy by efficiently providing capital to landowners. In addition to traditional farm and ranch loans, we specialize in understanding the unique aspects of placing loans on ranches where value may be influenced by recreational features, location and improvements and repayment may come from outside sources. Our extensive experience and efficient processing allows us to quickly tell you whether we can provide the required financing.
Competitive Pricing | Flexible Terms | Efficient Processing
Tina Hamm or Scott Moran • (406) 656-7500
Mike Hall or Judy Chirila • (303) 861-8282
Monte Lyons • (806) 698-6882
J.T. Holt • (806) 698-6884
BROKERAGE DISCLOSURE TO BUYER
In Oklahoma, Buyers should be aware of real estate brokerage relationships.
“Transaction broker” means a broker who provides services by assisting a party in a transaction without being an advocate for the benefit of that party. Please contact one of the Hall and Hall brokers for a complete discussion of potential working relationships for this property. A written relationship disclosure will be provided to a prospective buyer prior to engaging in brokerage activities as defined by the Oklahoma Real Estate Commission.
NOTICE: Offering is subject to errors, omissions, prior sale, change or withdrawal without notice, and approval of purchase by owner. Information regarding land classifications, acreages, carrying capacities, potential profits, etc., are intended only as general guidelines and have been provided by sources deemed reliable, but whose accuracy we cannot guarantee. Prospective buyers should verify all information to their satisfaction. Prospective buyers should also be aware that the photographs in this brochure may have been digitally enhanced.