Ranch land near Dallas, Texas sells for $4M at auction
BILLINGS, Mont. — TRBP Ranch, a 2,198 acre property only 17 miles from downtown Dallas and three miles south of Lake Ray Hubbard Dam, sold for $4 million dollars to a Dallas businessman at auction on Thursday, March 7. TRBP is a perfect union of seclusion and access, and a great opportunity to create a private recreational haven just minutes from Dallas. For more information on farm and ranch auctions, contact Scott Shuman of Hall and Hall Auctions at 800-829-8747.
“We are very pleased with the outcome of the auction,” said Shuman. “The property is only a few minutes from downtown, and very secluded, so the interest was quite high.”
The auction was attended by roughly 50 people with 15 registered bidders. An oil company supply executive from Dallas ultimately purchased all 2,198 acres for $4 million, an average of $1,819 per acre. The Texas property was offered in conjunction with Hortenstine Ranch Company in its entirety or in tracts ranging from 31 to 1,054 acres. It encompasses more than five miles of Trinity River frontage and offers great views of the Dallas skyline.
“Both the seller and the buyer were pleased with how the auction process worked,” said Shuman. “At Hall and Hall Auctions, we’re able to bring our unique partners approach to the auction side of our business – but there are many more reasons that set our program apart.”
Hall and Hall’s next auction is O’Dell Farms, 2,470 +/- acres offered in several tracts just minutes from Kansas City, Mo. This property features productive farmland, ranchland and building sites with rolling hills and several ponds. It is an excellent opportunity for the investor, farmer, rancher or recreational enthusiast. The auction will be held June 19 at the KCI-Expo Center.
For information on other farm and ranch auctions, contact Hall and Hall Auctions at 800-829-8747 or http://hallhall.com/auctions
Georgia farmland sells for $23.128M in Schrader sale
CORDELE, Ga. — One of Georgia’s biggest land auctions in years ended with a single investor purchasing all 6,900 acres in Sumter County Thursday.
“There’s no question in my mind that the strength we’ve seen in the market for farmland is expanding beyond the Midwest and the Northern Plains,” said R.D. Schrader, president of Schrader Real Estate and Auction Company, which managed the auction of land near Lake Blackshear.
“A lot of farmland investors have been focused on the Midwest, but I think we found today that quality agricultural properties in the Southeast offer significant values,” said Schrader. “This was a lot of land to sell in a single day in this part of the country, but we felt that the market would respond, and that turned out to be the case. I definitely think other land owners and farmers who have been contemplating the sale of land in the area will take note of this.”
The land was offered in 16 tracts, and the two-hour auction developed into a battle between bidders seeking various combinations of tracts and those bidding on the entire property. “We had participation by a wide range of bidders - large and small investors as well as operating farmers from the immediate area,” said Schrader.
In addition to irrigated farmland, the auction featured approximately 2,300 acres of timber and recreational land.
Individuals seeking additional information may visit www.schraderauction.com or call 800-451-2709.
Historic 60,000 acre Montana ranch sells to Texas family
BILLINGS, Mont. — The Dana Ranch, considered by many to be the finest operating mountain ranch in the Rocky Mountain West, has sold to Texas cattle rancher and CEO of Killam Companies, David Killam. Only 24 miles from Great Falls, MT, the ranch runs on nearly 60,000 acres and boasts extraordinary wildlife and fishery resources. Killam owns other large ranches in Texas, Kansas and Nebraska including the 125,000 acre Duval County Ranch. He plans to maintain the Dana Ranch’s current operational standards. For more information, contact Hall and Hall broker David Johnson at 406-587-3090 or visit http://hallhall.com/ranches-for-sale/properties/dana-ranch
“Owned by two associated families for nearly 100 years, the Dana is truly a legacy,” said Johnson. “Hall and Hall has represented many of the finest ranches that have changed hands over the last 60 years and we’ve never seen a better combination cattle and recreational ranch in the Rocky Mountain West. David Killam has won numerous awards for habitat and conservation management and is the perfect owner to continue its legacy.”
The Dana Ranch was assembled almost 100 years ago by the reputed “cattle king of the Northwest,” Edwin L. Dana. In 1943, when Dana retired, he turned to his trusted friend, John Cameron, to succeed him. The ranch has been treasured by its two owners and operated profitably in even the worst of times. It is estimated to carry 3,000 animal units along with its enormous
recreational/wildlife component that includes huge elk herds, over 18 miles of “Blue Ribbon” quality fisheries, extensive upland bird, water fowl and pheasant habitat, and substantial populations of mule deer, whitetail deer and antelope.