Tract 1: (320 acres ±) This section of land offers countless improvements and incorporates a feedlot, an office, a Manager’s home, and two mobile-home hookups (to the west of the Manager’s home). The property is also serviced by five water wells.
Feedlot: A 7,500 head capacity growing yard that includes travel alleys connecting to the shipping and receiving areas. The feedlot has undergone the following improvements: 90% new steel pens – all pens are equipped with ball-wateriers, concrete feed bunks, and aprons – all connecting to the alleyways. PLEASE NOTE- contact Auction Company for full disclosure on the current feedlot Permit situation-
Office: The office is composed of two private offices; as well as a reception area, kitchenette, and a bathroom with a shower.
Manager’s Home: 3 bedroom, 2 bath house that includes a large entertainment room and an open living area, along with other amenities.
·Truck Scales: 40,000 lb. cattle scales
·Receiving Barn: New facility, a drainage system, and is wired for electric-Like new double alley with Silencer Hydraulic Chute w/ scales will be offered separate
·Feed Mill: Facility with digital scales, grain storage, and a leg
·Other Structures: Equipment barn and Commodity barn
Pastures: The outlining pastures are irrigated with two self-traveling pivots and numerous risers. The pastures also house concrete feed bunks and contain fresh-water ponds as a water supply – creating highly productive grazing/hay production.
Tract 2: (80 acres ±) The second parcel consists of 80 acres of grassland located on the Southeast side of the feedlot. This acreage presents tremendous potential: the land combines excellent Bermuda grass, with tree-line draws for optimal pasturing opportunity and a potential wildlife habitat; not to mention a very large pond for recreational activities. This parcel ties into the Feedlot Tract 1 very smoothly with easy access; however this tract can also be very profitable as a stand-alone 80 acres.
Tract 3: (80 acres ±) The third parcel contains 80 acres of open pastures located on the Northeast of the feedlot. These open pastures consist of excellent quality Bermuda grass and three ponds, with the addition of adequate cover and shelter for livestock. Tract 3 displays high potential for grazing livestock and would pair very well with the main feedlot tract with easy access or serve on its own as 80 acres.
Tract 4: (160 acres ±) A section of land containing excellent grass for pasture and two ponds with excellent size. The terrain of this tract is composed of gently rolling hills paired with some cover for shelter and a possible wildlife habitat.
Tract 5: (200 acres ±) This offering of land presents outstanding views – the landscape offers rolling hills covered with good grass along with tree cover. Also, this tract contains a spring-fed pond – creating a recreational opportunity. This acreage would pair very well with Tract 4, or serve as a very nice 200 acres investment.
Tract 6: (160 acres ±) This tract is very similar to Tract 4, as this section expresses good quality grass and ponds for optimal grazing potential – this acreage presents limited cover. In addition this land is located with close proximity to Langston Lake – great opportunity for family fun!
This is a very rare opportunity to purchase large land tracts in central Oklahoma. With these parcels there is something for every type of land purchaser and as an entirety it combines to make a very functional Ranch and growing/starting yard with lots of options to modify to suit any producers needs.
Balance due at closing-Closing approximately 30 days after auction-Possession at closing<br>
Langston 520 Acres<br>
$50,000 down day of Auction-balance due at closing-30 day close-Possession at closing<br>
Equipment - CASH-Approved check day of Auction<br>
*Online sales - wire transfer*<br>
Terms & Conditions<br>
PLEASE READ AND REVIEW THE REAL ESTATE TERMS THOROUGHLY PRIOR TO BIDDING ON ANY PROPERTY. IF YOU HAVE NOT READ AND UNDERSTAND THESE TERMS, DO NOT BID. BY BIDDING ON THE PROPERTY, BUYER AGREES TO ALL TERMS AND CONDITION SET FORTH.<br>
UPON CONCLUSION OF THE AUCTION: The successful bidder will immediately execute a Real Estate Contract and be required to place a non-refundable bid deposit per tract as stated in the advertised terms, which will be held as earnest money in escrow until closing and that earnest money deposit will then be credited to the buyer as part of the purchase price of the property.<br>
Real Estate Terms: Each property is offered under the specific terms provided in the purchase contract. Please read and review the contract thoroughly prior to bidding on any property. The purchase contracts includes this Addendum A Online Auction Terms and Conditions. If you have not read and reviewed the Purchase and Sale Contract DO NOT BID. The closing will take place within 30 days from the date of the auction and as specified in the Contract for Sale of Real Estate. The entire purchase price must be paid by cashier’s check, certified check, or wired funds at closing. All taxes will be prorated to the day of closing. <br>
o Earnest Money: May be made using cash, company check or personal check. <br>
• Tract 1: $50,000 down day of auction, balance due at closing, close in 30 days. <br>
o LAGOON DISCLOSURE: Limestone Feeders LLC Disclosure Summary<br>
o License # 69 <br>
o EPA Permit #OKG010068<br>
Please see the attached documents from the Oklahoma Department of Agriculture and Evirotech Engineering and Consulting, INC-<br>
Summary: Limestone Feed Yard is basically only able to operate at ½ capacity. It is approximately 7,500 head total thus 3,250 head capacity in its current state until the Lagoon issue is resolved. They have spent several thousand dollars in engineering fees etc . to be able to remedy and resolve the current situation. However, due to the fact they are liquidating the Registered Angus herd they will no longer be able to utilize the feed yard. They will be willing to facilitate the purchaser in a smooth transition and transfer of the existing permits. Please be aware that NO GUARANTEES ARE EXPRESSED OR IMPLIED AND THE PROPERTY IS SELLING AS IS/ WHERE IS. These documents are provided for informational purposes only <br>
• Tract 2-6: $10,000 down/tract day of auction, balance due at closing, close in 30 days. <br>
o $100,000 down for the entirety day of auction, balance due at closing, close in 30 days. <br>
o Please note Tract 2 &3 if sold individually will be responsible for their own utilities. No easements will be provided for existing waterlines, electric, etc. <br>
POSSESSION: Possession at closing.<br>
NO CONTINGENCIES: This Real Estate contract is not contingent on or subject to Buyer’s financing, appraisal, survey or inspections of any kind or any other contingencies as agreed to by bidders at registration prior to bidding. <br>
TITLE: Buyer is entitled to and the Seller will provide clear, insurable title for property upon full payment. <br>
ZONING AND EASEMENTS: Property is subject to any and all easements of record. Property is subject to all state and local zoning ordinances. <br>
ACREAGE AND AERIAL PHOTOS: All parcel acreage estimates, dimensions and proposed boundaries are based on current legal descriptions and Farm Service Agency maps. Any survey completed after the auction will take precedence over pre-auction estimates. Aerial photos are for illustration purposes only and not surveyed boundary lines. <br>
ABSTRACT AND SURVEY: The seller will provide a survey and abstract for each parcel or combination (each combination is considered one parcel). In the event that Parcels 1,2,3 and or 4,5,6 sell as a combination the seller will only provide an abstract for these parcels. <br>
MINERAL RIGHTS: Property is selling SURFACE RIGHTS ONLY. <br>
AGENCY: Pickens Auctions is a Transaction Broker for the Seller. <br>
CONDITION OF PROPERTY: Property is sold “AS IS, WHERE IS” condition and neither Pickens Auctions, the Sellers nor their representatives, agents, or employees make express or implied warranties or representations of any kind. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property prior to bidding on the subject property. The information contained in the brochure and on the website is subject to verification by all parties relying on it. All sketches and dimensions in the brochure are approximate. No liability for its accuracy, errors, or omissions is assumed by the Seller, Pickens Auctions or their Agents or Representatives. Buyer and or Bidder agrees to hold harmless and indemnify Pickens Auctions and their Agents and its Representatives from any and all claims, damages or suites including but not limited to awards, judgments, costs, fees, etc. Any announcements made by the auctioneer on the day of the auction will take precedence over any previously printed material or advertisements. <br>
DISCLAIMER: All information included herein was derived from sources believed to be correct, but is not guaranteed. NEW DATE, CORRECTIONS, AND CHANGES: Please check for updated information prior to scheduled auction time to inspect any changes corrections, or additions to the property information. <br>
DISPUTES: Any dispute between Pickens Auctions or the Sellers or their Agents or Representatives and the Buyer(s) will be dealt with through arbitration in Payne County, OK or tried in a court of jurisdiction in Payne County , OK. <br>
BROKER PARTICIPATION: Any buyer that wishes to have broker participation will pay a 2% Broker Representation fee on top of their high bid to establish the contract price. The 2% will be paid to their Broker at Closing. <br>
o Example: High Bid $100,000 + (2% Broker Rep. Fee) $2,000= Contract Price $102,000 <br>
Pickens Auctions WILL NOT receive any portion of the Broker Representation Fee