Yuma County Grain Company Property Auction

Yuma, CO 240,000 Acres

Overview

Overview

This property is sold

Yuma County Grain Company is being offered for sale by ONLINE ONLY AUCTION. Located 6 miles east of Yuma, CO at Schramm and adjacent to Hwy #34, the Yuma County Grain Company facility includes 240,000+/- bu of grain storage and handling facility. The Buyer(s) will be purchasing the improvements and receiving an assignment of the current BN railroad lease. Excellent opportunity to originate and handle grain from a facility known for its LOCATION in the heart of corn and cattle feeding country.

Property Type(s)

Location

  • Yuma, CO
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Quick Facts

  • Yuma County Grain Company Property Auction
  • ONLINE-ONLY
  • RESCHEDULED...Bidding Opens June 25, 2018 @ 8 am MT
  • Closes June 27, 2018 @ 12 noon MT
  • Improvements located on .78 acre BN Railroad
  • Lease with spur
  • 240,000+/- bushel grain storage
  • 4 – 40,000+/- bushel steel grain bins
  • 6 – 9,000+/- bushel steel grain bins
  • 2 – 10,000+/- bushel steel grain bins
  • 4 – smaller steel bins for a total of 9,000+/- bushels
  • Office, 3,200+/- sq ft warehouse, & 80 ton truck scales w/digital readout
  • 2 locations with unloading pits and overhead loadout bins
  • Adjacent to Hwy 34
  • Located 6 mi E of Yuma, CO
  • Address: 10939 US Hwy 34, Yuma, CO
  • Located in heart of corn and cattle feeding country
  • Possession upon closing

Property Details

Property Details

This property is sold Color Brochure

Parcel Description

240,000+/- bushel grain storage; Improvements located on .78 acre Railroad Lease with spur ($1,800 per year lease payment); 4 – 40,000+/- bushel steel grain bins; 6 – 9,000+/- bushel steel grain bins; 2 – 10,000+/- bushel steel grain bins; 4 – smaller steel bins for a total of 9,000+/- bushels; Office, 3,200+/- sq ft warehouse, & 80 ton truck scales w/digital readout; 2 locations with unloading pits and overhead loadout bins; Adjacent to Hwy 34; Located 6 mi E of Yuma, CO; Address: 10939 US Hwy 34, Yuma, CO; Located in heart of corn and cattle feeding country; Real estate taxes on improvements: $3,974.58.

Terms & Conditions Online Bidding Procedure

The Yuma County Grain Company Property will be offered for sale as 1 parcel. BIDDING WILL BE ONLINE ONLY. Bidding will begin at 8:00 am MT on June 12, 2018. The auction will “soft close” at 12:00 noon, MT on June 14, 2018. Bidding will continue in 5 minute increments until 5 minutes have passed with no new bids. Bidding remains open on the parcel as long as there is continued bidding on the parcel. Bidding will close when 5 minutes have passed with no new bids on the parcel. Bidders may bid on the parcel at any time before bidding closes.

Bidder Requirements

Requirements for Buyer(s) to be approved to bid online: 1.) Review and agree to the terms and conditions of the detail brochure; 2.) Provide Reck Agri Realty & Auction verification of available funds to purchase the property and/or bank loan approval letter with no contingencies; and 3.) Sign and return to Reck Agri Realty & Auction the Bidder Approval Request form. Reck Agri Realty & Auction reserves the right to refuse registration to bid and/or bids from any bidder. Bidding increments are at the discretion of the Broker. Detail Brochure may be obtained by visiting Yuma County Grain Company Property Auction page at www.reckagri.com or by calling Reck Agri Realty & Auction.

Sale Terms/Procedure

The “YUMA COUNTY GRAIN COMPANY PROPERTY AUCTION” with NO RESERVE is an online only auction with NO RESERVE. The Yuma County Grain Company Property to be offered as 1 parcel. Competitive bids will determine the outcome of the auction. Seller agrees not to accept and negotiate any contracts to purchase prior to auction date. Bids will be taken for total purchase price.

Singing of Purchase Contract

Immediately following the closing of the auction, the highest bidder(s) will sign Brokerage Disclosure and will enter into and sign a Contract to Buy and Sell 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 announcements shall be incorporated and made a part of the contract. Sample contract is available within the detail brochure. Upon execution, the Receiver shall submit the Contract to Buy and Sell to the Court for approval. In the event the Court does not approve the Contract to Buy and Sell in full, without alteration, the Contract to Buy and Sell will be deemed null & void and all earnest monies received to be returned to Buyer(s).

Closing

Buyer(s) shall pay in electronic transfer funds or cashier’s check (Good Funds), the balance of purchase price plus their respective closing costs, and sign and complete all customary or required documents at closing, which shall take place within (21) days of entry of a Final Order by the Court approving the sale. Closing to be conducted by Yuma County Abstract and the closing service fee to be split 50-50 between Seller and Buyer(s).

Title

Seller to pass title to the improvements by Bill of Sale and assign the Railroad Lease free and clear of all liens. Title Insurance to be used as evidence of marketable title & cost of the premium to be split 50-50 between Seller and Buyer(s). The Buyer(s) to receive a TBD title commitment within detail brochure, updated title commitment with Buyer(s) name, lender, purchase price, and all supplements and additions thereto after auction, and an owner’s title insurance policy in an amount equal to the Purchase Price after closing. Property to be sold subject to the terms of the Railroad Lease. Title commitment is available for review within the detail brochure and at the auction and title commitment and exceptions will be incorporated and made a part of the Contract to Buy and Sell.

Possession

Possession upon closing.

Property Condition

The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS-WHERE IS, without warranty, representation or recourse to seller.

Property Taxes

2018 property taxes due in 2019, to be prorated to the day of closing.

Legal Description

Legal descriptions per the Railroad Lease.

Announcements

The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Reck Agri Realty & Auction and the Seller assumes no responsibility for the omissions, corrections, or withdrawals. The location maps are not intended as a survey and are for general location purposes only. The prospective Buyer(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. Property is being sold AS IS-WHERE IS, without warranty, representation or recourse to Seller. Reck Agri Realty & Auction and all other agents of Broker are or will be acting as a Transactional Broker. Reck Agri Realty & Auction does not offer broker participation for the “YUMA COUNTY GRAIN COMPANY PROPERTY AUCTION”. Reck Agri Realty & Auction reserves the right to require bank references upon request and reserves the right to refuse bids from any bidder. Bidding increments are at the discretion of the Broker. Sale subject to court approval.  DETAIL BROCHURE is available upon request and is REQUIRED to bid at the online auction, or via phone. It includes the terms and conditions of the auction, pertinent facts, title commitment, Contract to Buy and Sell. For additional color photos visit the “YUMA COUNTY GRAIN COMPANY PROPERTY AUCTION” Visual Tour on our website: www.reckagri.com. SALE SUBJECT TO COURT APPROVAL

Copyright Notice

Photographs, video tapes, and Color & Detail Brochures are property of Reck Agri Realty & Auction and cannot be reproduced without permission. Auction photographs may be used by Reck Agri Realty & Auction in publications, marketing materials, and on its website.