Sterling, CO, USA
17338 County Road 370
LEGAL DESCRIPTION: Part of Sections 4, 5, 6, & 7; All of 8 & 9; Part of 16, 17, & 18, T8N, R 51W; and Parcels in Sections 13 & 24, T8N, R52W of the 6th P.M., Logan County, Colorado. Note: Above legal includes description of Colorado State Lease & complete legal is available upon request.
629.0+/- Acres Pivot Irrigated
3,225.9+/- Acres Deeded Pasture
814.0+/- Acres Colorado State Lease pasture
4,668.9+/- Acres Total
LAND TENURE: Pivot irrigated terrain is rolling terrain with Manter sandy loam, Julesburg loamy sand, Dailey loamy sand, and Valent loamy sand soils. Pasture is rolling terrain with grasses conducive to Dailey loamy and Valent loamy sand.
FSA INFORMATION: 459.2 acres corn base w/181 bu PLC yield; 7.2 acres wheat base w/27 bu PLC yield.
TAXES: 2018 real estate taxes due in 2019: $17,770.19
Occupation tax (State Lease): $110.42
IRRIGATION & COMMERCIAL L/S WELL & EQUIPMENT: Seller to convey well permits #10564-F, #156431, #102372-A, #178206, #75999-F, #5656-F, #5637-F, #106029-A, #704-R, #37633, #56043-F, #10563-F, #11431, #51364, #82492-F, #9323-F, #9324-F & #82492-F adjudicated in Case #W-1249; 95.6 acre rights - Logan Irrigation District, 6 shares - Bravo Ditch Co; Seller’s augmentation rights to Bravo Ditch Recharge Decree No. 96-CW-657 and Lower Logan Well Users - Case No. 03CWW208. Seller to pay 2019 assessments & receive 2019 Bravo Ditch Recharge, and Lower Logan Well Users augmentation credits. Seller to convey 6 irrigation pivots and 6 irrigation wells. Seller to convey commercial livestock well adjudicated in Water Court Case #180CW3189 approved for commercial dairy, livestock watering, and dust suppression for 250 acre feet. Complete description of irrigation equipment, well logs, and water court decrees available upon request.
COLORADO STATE LEASE: Seller to transfer lease to Buyer(s). Application Fee, Consideration Fee, and rent payment to be negotiated.
MINERAL RIGHTS: Seller to reserve 50% of OWNED mineral rights.
GROWING CROPS: 2019 crops retained by Seller.
IMPROVEMENTS: 3 bedroom, 2 bath residence, machine shop, feed mill, hay sheds and 900+ head feed yard.
POSSESSION: Possession of improvements, pivot irrigated, and pasture to be negotiated depending on the time of year the property the sells.
ASKING PRICE: $9,250,000
TERMS: Good Funds upon closing. Seller to complete a 1031 Tax Deferred Exchange.