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.
Just the Facts
• 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
Acreage (Deeded & Leased)
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 ±
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 - See more at: http://www.hallhall.com/ranches-for-sale/properties/waurika-farms#sthash.ecf6thxe.dpuf
• 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
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.
- See more at: http://www.hallhall.com/ranches-for-sale/properties/waurika-farms#sthash.ecf6thxe.dpuf
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Our Hall and Hall broker, Randy Shelton, kept us in the loop as though it were. Our sale hinged on that of larger surrounding parcels, and when an initial offer fell through, Randy went back to the drawing board and found a suitable buyer who shared our values. That meant a lot to us, as our property had been in the family for more than 100 years.
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Bill McDavid was an outstanding and very patient partner in this sale. His expertise in the market and marketing of the property was excellent. I would use him again in a heartbeat to either buy or sell a ranch property.
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Having been in our family for 70 years, selling Loveridge was a big decision for our family and we needed the right person to walk us through this process. Elliott Davenport has exceeded our expectations and represented our family very well through this sale. His depth of knowledge for the Red Hills, his critical thinking, intimate understanding of the market, and honest approach has made this process very pleasant and rewarding for us. Simply, he gets it and that has served us very well.
Positioning a high-end Luxury Farm in the market to maximize Seller value requires a special set of skills along with a true understanding of the audience. Having a National presence and the knowledge of how to market into that audience is key to executing a successful transaction. Elliott Davenport of Hall & Hall and his team of seasoned professionals are uniquely qualified to deliver these results. They exceeded our expectations! We could not be more thrilled with their performance.
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Have never experienced in my 50 year real estate career the level of complete professionalism that Bill McDavid performed through the entire sale process beginning at the listing all the way through the sale. Communication was excellent.
Bill walked me through the difference of what my dream ranch’s value was to me verses the market value. He sold my ranch in less than a year because it was priced in the market at a great value. My listing agent before Bill priced my ranch at a level of my expectation and no buyers showed up. Bill nailed the right price and we had buyers looking every month until the closing 9 months later.