AUCTION IS OVER

TOTAL SOLD: $5,886,400

Tract(s): 1+2	@ $592,800	($3,636/acre)
Tract(s): 3	@ $3,640,000	($13,684/acre)
Tract(s): 4-8	@ $1,398,800	($2,252/acre)
Tract(s): 9	@ $254,800	($3,352/acre)

• **POSTPONED DUE TO BLIZZARD - NEW DATE/TIME • UPDATED - 5PM (MT) TUESDAY MARCH 23rd • Online/Virtual - Bid By Phone - Absentee Bid • 1,120+/- Acres Offered in 9 Tracts • Irrigated Farmland • Building Sites & Pasture • 230+/- Irrigated Acres (Currently in Sod) • 2 Homes, Shop Buildings, Grain Storage & Feed Yard • Multiple Potential Building Sites • Outdoor Roping Arena (295 ft. x 170 ft.) Fenced and Cross Fenced Pastures • 45+/- Miles to Denver International Airport

POSTPONED DUE TO BLIZZARD - NEW DATE/TIME

Auction will be held Tuesday, March 23 at 5PM Mountain Time

* Click here to access the Internet Data Room *

This will be a VIRTUAL AUCTION. Bids will be called from a remote location with a live stream video provided to online and telephone bidders.
1) Bid online at www.schraderauction.com. You must be registered ONE WEEK BEFORE AUCTION.
2) Bid by phone during the auction. Contact the auction company no later than 12PM (NOON) THE DAY BEFORE AUCTION to schedule your call.
3) Bid by submitting an absentee bid on the tract(s) that you are interested in. Absentee bids need to be turned in no later than 12PM (NOON) THE DAY BEFORE AUCTION.

OPEN HOUSE/INSPECTION DATES

Wednesday, February 17 from 12:00 - 4:00 PM
Monday, March 1 from 12:00 - 4:00 PM
Monday, March 15 from 12:00 - 4:00 PM
Meet a Schrader Representative on Tract 1

AUCTION LOCATION

**UPDATED** AUCTION STARTS AT 5PM MOUNTAIN TIME ON TUESDAY, MARCH 23RD

PROPERTY DESCRIPTION

THE SHOENEMAN 5M RANCH is a unique opportunity for Buyers to acquire a terrific combination of irrigated land, improvements, pasture and potential building sites in Southeast Weld County near Roggen, Colorado. The ranch will be offered in 9 individual tracts ranging from 38+/- to 400+/- acres, Buyers may place bids on any individual tract or combination of property that best fits their needs; other than a combination that includes Tract 3. The properties are exceptionally located, being easily accessible from I-76 and only 45 miles from the Denver International Airport.
Currently there are 230+/- acres under center pivot irrigation, in sod production; the irrigated land is watered by 3 irrigation wells (see Bidder Information Booklet for detailed well information). The irrigated land is currently leased to a local operator, creating an ROI opportunity for investors. The balance of the property includes the original farmhouse, built in 1915 and comprising 1548 sq. ft., along with shop buildings, feed yard, horse stall barn & multiple turnouts. A mobile home with outdoor roping/riding arena is also included. In addition to the improved property, there are multiple potential building sites offering fabulous views of the front range!

TRACT DESCRIPTIONS

Tract 1: 125± ac that includes the 3 Bedroom, 2 Bath farmhouse originally built in 1915, the home is 1,548 sq. ft. of living space with a fully finished basement of 1,040 sq. ft., metal shop building measuring 96 ft. x 42 ft., detached 2-stall garage, equipment storage shed, horse barn with multiple turnouts, six pen feed yard & 40,000 bushels of grain/feed storage (8 - 5,000 bushel bins). The balance of the property is comprised of 2 pastures with easy access.

Tract 2: 38± ac that includes the 3 Bedroom, 1 Bath mobile home with newly installed roof (Spring 2021) and an outdoor roping/riding arena with calf return ally and chute. The balance of the property is fenced pasture!

Tract 3: 266± ac Tract 3: 266+/- acres with 230+/- acres under center pivot irrigation. The irrigated land is currently in sod production and the entire tract is leased by a local operator, making for an excellent opportunity for the return minded investor. 3 irrigation wells serve the center pivot, see Bidder Information Booklet for detailed well information. Tract 3 is subject to a First Right of Refusal held by the Lessee. The high bidder on Tract 3 (other than the Lessee) will be compensated in accordance with the terms of the purchase documents if the high bid is accepted by the Seller but Tract 3 is then acquired by the Lessee pursuant to the First Right of Refusal. Contact the Auction Company for more information.
Center pivot sprinkler is owned by current tenant and will not be included in the real estate sale.

Tract 4: 38± ac making an excellent potential building site.

Tract 5: 38± ac which is also an excellent potential building site.

Tract 6: 76± ac another excellent potential building site, including good views of the front range looking west.

Tract 7: 69± ac great building site potential and awesome views of the front range.

Tract 8: 400± ac excellent piece of pasture with mostly perimeter fence and a stock tank in the center. Light grazing pressure in recent years, grass is in good shape and could be purchased together with Tracts 4-7 for additional acres if desired.

Tract 9: 76± ac along State Hwy 52, currently in dryland cultivation but could also make an excellent potential building site.

TRACT MAP(S)

Tracts 1-3

Tracts 4-8

Tract 9

AREA MAP(S)

PROCEDURE: Bids will be taken on the individual tracts and any combination of two or more tracts, except that Tract 3 cannot be combined with any other tract(s). Bidding on individual tracts and combinations will compete until the end of the auction, at which time the final bids will consist of that completion of bids resulting in the highest total price. The final bids are subject to Seller s acceptance or rejection.

PURCHASE CONTRACT: At the end of the auction, each high bidder will sign an offer in the form of the purchase contract to be posted to the auction website. All information contained in this sale brochure and other marketing materials is subject to the terms and conditions contained in the purchase contract. Seller and Sellers agents shall not be bound by any statement, promise or inducement that is not contained or incorporated in the written purchase contract.

BUYERS PREMIUM: A 4% Buyers Premium will be added to the bid amount to arrive at the purchase price.

PAYMENT TERMS: 10% of the purchase price will be due as an earnest money deposit, with the balance due in cash at closing. The earnest money deposit may be made in the form of cashiers check, personal check, or corporate check. BIDS ARE NOT CONTINGENT UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.

DELIVERY OF TITLE: The property will be conveyed by Special Warranty Deed, subject to all easements and other Permitted Exceptions described in the purchase contract.

EVIDENCE OF TITLE: Preliminary title insurance schedules will be available to review prior to bidding. After the auction, Seller will furnish an updated title insurance commitment for each closing. The cost of the owners title insurance shall be shared equally (50:50) by Seller and Buyer; provided, however, Sellers share of the cost of the owners title insurance shall not exceed $2,500.00 for any given closing. The cost of any lenders title insurance shall be charged to Buyer.

SURVEY: For any closing, a new survey will be ordered by an agent of Seller if and only if necessary to record the conveyance or otherwise deemed necessary or appropriate in Sellers sole discretion. If a new survey is obtained, the survey costs will be shared equally (50:50) by Seller and Buyer and the purchase price will be adjusted to reflect any difference between the pre-auction acre estimate and the gross acres shown in the survey (unless otherwise provided for certain purchases that include substantial building improvements).

CLOSING: Closing will be approx. 45 days after the auction (or as soon as possible thereafter upon completion of the survey, if applicable, the final title commitment and Sellers closing documents).

POSSESSION: Possession will be delivered at closing for all tracts except Tract 3. Possession of Tract 3 will be delivered subject to rights of the Lessee under an existing Lease through 12/31/2024. (The lease is available to review upon request if you intend to bid on Tract 3.)

REAL ESTATE TAXES: Real estate taxes shall be prorated to the date of closing.

MINERALS EXCLUDED: Seller specifically excepts and reserves all minerals, including without limitation, oil, gas, coal, coalbed methane, and all other hydrocarbons, lignite, and all metallic minerals, etc., if any, associated with the referenced real estate, and the term Property will not include any mineral rights.

TRACT MAPS; ACRES; ETC.: Advertised tract maps, acreages, square footages and dimensions are approximations and have been estimated based on county tax parcel data, property tax records, pre-auction survey work and/or digital aerial mapping.

AGENCY: Schrader Real Estate and Auction Company, Inc. and its responsible broker are exclusively the agents of the Seller.

THIS PROPERTY IS OFFERED AS IS, WHERE IS, WITHOUT ANY WARRANTY OF ANY KIND AS TO ITS CHARACTER OR CONDITION OR ITS SUITABILITY FOR ANY USE OR PURPOSE. Prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries and due diligence prior to bidding. All information in the marketing materials is provided subject to the bidders independent verification. Seller and Auction Company assume no liability for any inaccuracies, errors or omissions.

CONDUCT OF AUCTION: The conduct of the auction and increments of bidding will be at the direction and discretion of the auctioneer. Seller and its agents reserve the right to preclude any person from bidding if there is any question as to the persons identity, credentials, fitness, etc. All decisions of the auctioneer at the auction are final. CHANGES: Please regularly check www.schraderauction.com prior to the scheduled auction time for possible changes or additions to the property information. AUCTION DAY ANNOUNCEMENTS WILL TAKE PRECEDENCE OVER THE MARKETING MATERIALS AND ANY OTHER PRIOR STATEMENTS.