NOT SOLD (BIDDING OVER)
0.00USD+ applicable fees & taxes.
This item WAS NOT SOLD. Auction date was 2007 Apr 17 @ 10:30UTC-7 : PDT/MST
ARAPAHOE FACILITY
PROPERTY ADDRESS: 16581 Front St, Arapahoe, CO 80802
LEGAL DESCRIPTION: East 100 ft of Lots 16 & 17, Block 22, Original town of Arapahoe, Cheyenne County, Colorado,
and Improvements located on Union Pacific lease.
IMPROVEMENT DESCRIPTION: 310,000 bu Grain Storage facility described as follows: Small office scale room with
40 foot scale. 6 – 15,000 bu steel tanks with hopper bottoms. 25,000 bu. wood cribbed main elevator. Screw augers load
and unload tanks. Leg also fills the 195,000 bu flat storage metal warehouse. A screw conveyor under the roof, full length,
moves the grain to fill warehouse. A screw conveyor in floor moves grain to front of warehouse to load. Aeration is done
by tubes laid across the floor to exhaust fans along sides of the warehouse. The main house and the receiving and distribution
to the tanks in need of repair. Majority of storage can be accessed via large outside auger. NO MINIMUM BID
Auction Location:
The Club at Indian Hills, Yuma, Colorado, United States
Buyer's Premiums:
| From (Incl.) | To (Excl.) | Premium |
| 0.00 |
Infinite |
0% |
Additional Fees:
Shipping Details:
No Info Available
Payment Details:
No Info Available
AUCTION DATE Tuesday, April 17, 2007, The Club@ Indian
Hills, Yuma, CO, 10:30 a.m., MT.
LOCATION The Cope Elevator is located on the northwest
side of Cope adjacent to Hiway 36. Arapahoe Grain Storage located
at Arapahoe, CO, south of Burlington CO.
OVERVIEW The Schuler family is liquidating these properties
to settle an estate. In today’s bullish world of high grain prices
and the need of grain storage, an excellent opportunity to purchase
grain storage and handling facilities at 15% of replacement
cost. Turn key operation with impending wheat harvest and
backlog of contractors to build storage.
SALE TERMS/PROCEDURE The "Cope Grain Elevator
Auction" includes two properties. The Cope facility is an ABSOLUTE
AUCTION based on a MINIMUM BID. The absolute
sale of the Cope property is triggered whenever the highest bid or
bids received equal or exceed the TOTAL MINIMUM BID of
$160,000. Seller agrees to enter into a contract to sell the property
with the Purchaser who bids the highest price equal to or
above the minimum bid. Property to be offered as one Parcel.
The Arapahoe property is an ABSOLUTE AUCTION with the
property being sold to the highest bidder. Competitive bids will
determine outcome of auction. Seller agrees not to accept and
negotiate any contracts to purchase prior to auction date. Bids
will be taken for total purchase price.
SIGNING OF PURCHASE CONTRACT Immediately following
the conclusion of the auction, the highest bidder will enter
into and sign a Purchase Contract (Specific Performance/Cash
at Closing) for the amount of the bid. Required earnest money
deposit to be in the form of a personal, business, or corporate
check for 15% of the purchase price which is due upon the signing
of the contract and to be deposited with Reck Agri Realty &
Auction. Purchase contract will not be contingent upon financing.
Terms and conditions of the detail brochure and oral announcements
shall be incorporated and made a part of the contra