182± Acre Farm in Delta County, Texas
Auction Location Onsite & Online
FM 904 ES, Pecan Gap, TX 75469
Bidding Onsite, Online, Acreage
Friday July 31st 1:00 PM
Buyers Premium: 10%
Directions to Farm FM 904. Four Miles South of Pecan Gap
Online Bidding will start Monday July 13, 2020 T 9:00 AM and will continue thur live auction on July 31, 2020 at 1:00 PM.
This rich and fertile 182+/- acre farm is located in Delta County on the Hunt/Delta County line with easy access from FM 904. Just four miles south of Pecan Gap and minutes from Commerce, Texas.
This farm offers predominately (77%) Houston Black Clay soil with less than 2% slope making it suitable for cultivation or pasture operations. Traditional crops on this farm include soybeans, cotton and winter wheat.
The farm has about 5.5 acres of freshwater shrub wetlands in the northwest corner, a .2 acre tank and the East Fork of the Jernigan Creek traverses from north to south on the eastern quarter of the farm. With approximately 120 cultivated acres and the rest being water and cover opportunities, this farm makes a great income producer and recreational combo opportunity.
The property has been leased on a crop share agreement with the same tenant since the mid 1970s and the tenant has expressed interest in keeping the arrangement should the new owner wish to do so.
The current crop of soybeans will be harvested around August 2020 and will belong to the tenant and seller, no matter date of closing.
Legal Description 0011 J ASHLEY, TRACT 2, ACRES 182.0
Possession At time of Closing/Funding
Closing Monday August 31,2020
Earnest Money 5% of Total Sales Price
Farm Lease Yes
Terms and Conditions
BIDDING PROCEDURE: Property will be offered in a whole unit. PURCHASE CONTRACT: Immediately following the close of bidding, the high bidder will sign a purchase contract in the form provided in the property information packages. All information contained on this website and other marketing materials is subject to the terms and conditions contained in the written purchase contract. Seller shall not be bound by any statement promise or inducement that is not contained or incorporated in the written purchase contract.
SELLERS ACCEPTANCE: The final bids are subject to the Sellers acceptance or rejection.
BUYERS PREMIUM: A Buyers Premium in the amount of ten percent (10%) of the bid amount shall be charged to Buyer and added to the bid amount to arrive at the total contract purchase price.
PAYMENT TERMS: 5% of the purchase price will be due immediately after the bidding concludes, with the balance due in cash at closing. The down payment may be made in the form of a cashiers check, personal check or corporate check. YOUR BIDDING IS NOT CONTINGENT UPON FINANCING, so be sure you have arranged financing, if needed, and are capable of paying cash at closing.
CLOSING: The targeted closing date is on or before August 31, 2020. Closing shall be held on or before the targeted closing deadline or as soon as possible thereafter upon completion of the survey, if applicable, the final title commitment and the Sellers closing documents. The closing agents fee for an administered closing will be shared equally (50% each) between Buyer and Seller. Buyer will pay all charges and fees related to any loan obtained by Buyer.
POSSESSION: Possession shall be delivered upon successful closing & funding.
REAL ESTATE TAXES AND ASSESSMENTS: The 2020 Property Taxes will be prorated to the date of closing. The buyer will be responsible for any rollback in the property taxes. The buyer(s) will be responsible for all additional taxes imposed after the date of execution of the Special Warranty Deed by seller as a result of any change in use of any part of the subject property, the intent being that all such additional taxes shall be the responsibility of the buyer and the buyers heirs, personal representatives and assigns.
DELIVERY OF TITLE: At each closing, Seller shall furnish at Sellers expense: (i) a warranty deed conveying marketable title to Buyer, subject to all permitted exceptions as described in the purchase contract; and (ii) an owners title insurance policy in the amount of the purchase price insuring marketable title, subject to all standard requirements, conditions and exceptions and subject to the permitted exceptions.
MINERALS: Any sale will include 100% of Sellers interest (if any) in the minerals. However, no promise, warranty or representation will be made as to the existence of any minerals or the nature or extent of Sellers interest therein
TRACT MAPS; ACRES: All advertised tract maps, acres, dimensions and boundaries are approximations based on county parcel data, current legal descriptions and/or aerial mapping. The marketing materials are not provided as survey products.
PROPERTY INSPECTION: Inspection dates have been scheduled and will be staffed with auction personnel. Owne
Online Real Estate Auction
High Visibility/Traffic, 23,000 SF Building at FM2920 & Spring Cypress
Class A Corner Location Commercial Building (including 5,500 SF Residence Loft) & Two Rental Homes with Income
The Seller is Retiring and highly motivated to sell!
Approx. 23,000 SF +|- 2-Story Building Area on 26,565 SF +|- of Land (0.6098 AC) & 1,450 SF +|- SFR on 20,968 SF +|- of Land (0.4814 AC)
Combined Land Area is 47,533 +|- SF (1.0912 AC)
Located on a Corner Lot at the intersection of Spring Cypress Rd & Holzwarth Rd
1941 Spring Cypress Rd, Spring, TX 77388
2-Story Tiltwall Construction Building, 116L x 100W x 32H, Built in 2003
(2) Outdoor LED Marquis Signs Π90"W x 40"H & 121"W x 60"H)
First Floor Ceiling Height is 16 and Second Floor Ceiling Height is 14 to the North sloping to 12 to the South
(2) 15H x 12W Overhead Doors
Second Floor has 3 Concrete Floor
Second Floor Includes a 5,500 SF Residence w/ 4 Bedrooms and 4 Bathrooms. Fantastic Open Layout
(3) Custom Teak Entry Doors (12H x 8W) w/ Exterior Smash Guard Pillar
(48) 7H x 4W Energy Efficient Windows
(39) Dual LED Lighting Units
(13) Exterior Security Lights
Closed Circuit Camera w/ Alarm System
Undine Texas, LLC is the Water Provider
Arobic Septic System w/ 289 GPD Capacity, 750 Gl Pump Tank, White Water DF60 500 Gl Tank
3/4 Water Line, 2 Gas Line
21 Underground Incoming Telephone Lines
Underground Feed Electrical Service, 3-Phase, 60 Hrz 277/480 Max Load, 85 KVA, 200 Amp Service, Load Center 75 KVA Transformer w/ 42 CKT, HV Panel, Low Voltage 42 CKT
Fiber is Available to the Building
(2) Restrooms Downstairs
(4) Roof Mounted AAON HVAC Units w/ 2-Stage Heating & Cooling, 3-Phase 460V
Conventional Jack Cargo Elevator Infrastructure Only for 25HP 460V Unit w/ 5,000 Lb Capacity, Travel 18.0 Speed 80FPM, 2 Landings, 2 Openings, Platform Size is 6 x 9 x 4.25. Entrance Size is 3 x 7 w/ Machine Room of 6.5 x 5.25. A Clear Hoistway 7 4 x 10 2 w/ a 24 Casing at Depth of 26 from Slab is in Place w/ 30 x 30 Blockout
Approx. 178 +|- Road Frontage on Spring Cypress Rd
Approx. 315 +|- Road Frontage on Holzwarth & Sleepy Hollow
Wrought Iron Fence w/ (2) Curb Cuts & Gates Along Spring Cypress
Topography: Grade Level
Area Traffic Generators include HEB, McDonalds, Whataburger, Walgreens, Aldi, New Spring Pines Kroger Marketplace Anchored Development (Directly across the Street), Antique Galler of Houston
ExxonMobil Campus is approx. 3.5 Miles Away.
I-45 is Approx. 1 Mile East
Spring Cypress Rd Traffic Count is 20,390
FM 2920 Traffic Count is 39,000
NOTE: The Property is Located in the Spring West Municipal Utility District and has the opportunity to be annexed into the MUD pending a Feasibility Study by the Mud. Utilities are in place at the corner of Spring Cypress and Holzwarth which is directly across the street. The utilities were brought in as part of the Spring Pines Shopping Center Project.
20823 Sleepy Hollow Ln, Spring, TX 77388
982 SF Brick SFR & 468 Wood SF SFR, Built in 1964
Both Units are Leased for $900/Mo & $600/Mo Respectively
Land area could add additional (72) Parking Spaces for the Main Building
10% Buyers Premium and other terms apply.
Tranzon Asset Advisors of Texas, LLC #9008058, Kelly D. Toney, TX Auctioneer #11818
For more information, please contact Kelly Toney at 888-791-7307 ext. 88 or firstname.lastname@example.org
Auction Date & Time:
Online Bidding Ends May 19th at 3:00pm ET
Preview Date & Time:
May 12th by Appointment Only
1941 Spring Cypress Road
Houston, Texas 77058