Canadian River Ranch 5628
The minimum stalking horse bid is $7,738,500.
This parcel is the western portion of the Canadian River Ranch. It extends north and south almost the entire length of the larger ranch and has river frontage on the North Canadian River. This portion of the ranch has some open ground on the south but primarily is densely forested with the slopes increasing as one travels north. Other than being partially high fenced and having some cross fencing, this part of the ranch has almost no improvements. Access is limited to a gate in the far southwestern corner of the property that touches a paved county road. There are a few old well sites and oil field roads on the property that form a primary network that a large number of hunting trails connect to. The combination of such a large block of land and limited road frontage makes this ranch extremely private. You can see the full listing including video on the 9298 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 heavily wooded, recreational/hunting property that feels totally isolated but is in fact only a few miles from town, I-40 and the Indian Turnpike, 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