Canadian River Ranch 3670
The minimum stalking horse bid is $6,239,000.
This parcel is the southeastern portion of the Canadian River Ranch. It extends east and west almost the entire width of the larger ranch. This portion of the ranch has the most open ground of the different portions of the complete ranch and would make the best combination ranch for someone looking to run both cattle and enjoy hunting. The southeastern corner has good creek bottom meadows that would be good for both grazing and hay. Once you leave this area, the land becomes much steeper and more wooded as you transition to the ridgetop. An aerial application of herbicide was used to thin the trees and create upland pastures on the western portion of the high ground. The eastern portion of the upland area is densely forested and is more suitable for hunting and recreational type of activities. The property is partially high fenced and has cross fencing. The Hawkins house sits on top of the ridge and overlooks the valley below it. This structure is in need of repairs and updating but would serve as a unique and interesting structure for someone who wanted to undertake the project. In addition, there is a dirt landing strip that has been created in the center of this parcel. There is public road access all along the southeastern portion of the ranch and a network of interior roads makes it easy to get around. You can see the full listing including video on the 9,298 acre Canadian River Ranch listing.
This property is now part of a federal bankruptcy proceeding and will be subject to a stalking horse bid process. A brochure on how this process works has been attached as a document. In summary, we are seeking a fully qualified buyer to make an initial, non-contingency offer on the property. Once this offer is submitted, it will serve as the opening bid (stalking horse bid) on the property in an auction that will be held approximately 30 to 45 days later in bankruptcy court. The details of the stalking horse bid will be advertised to other prospective bidders. If the stalking horse bid isn't the high bid in the auction, then the stalking horse bidder with receive 2% of the gross sales price at the closing of the property for having served as the stalking horse. If you are looking for a large combination ranch with an interesting old home to remodel, please call Kelly Hurt at 580 421 7512 to discuss. If you have any questions about how the bankruptcy proceedings would affect the manner or timing of a transaction, please contact Heather Milazzo at 646 381 9207 or email her at HMilazzo@keen-summit.com