TULSA, Okla., Sept. 8, 2011 /PRNewswire/ -- National Residential Auctioneers (www.natresauctions.com) announces the auction liquidation of 280 acres of valuable bluestem pasture in South Coffeyville, Okla., on Thursday, September 15, 2011, at 6pm CDT, according to Stephen Karbelk, CAI, AARE, CEO & Founder.
"This is an excellent opportunity to purchase quality pasture and mineral rights in an outstanding area," said Karbelk. "This is bluestem pasture and the mineral rights will be offered separately and in combination with the real estate."
This 280 acre ranch is situated in extremely productive cattle country in Northeast Oklahoma. There are three ponds located on the property, and it is divided into three pastures with water in each one. Brand new five-strand fence with four-inch pipe corners surrounds 80 percent of the pasture. The seller will split the cost of completing the fence with the buyer.
"It would be difficult to find a higher quality native grass pasture than in this limestone bedrock area that carried 140 head of stockers from April through July and produced three pounds per day of gain," Karbelk noted.
Mineral rights will be offered separately and in combination with the real estate. There is not an active mineral lease of any kind or active production on the property but production is active on adjacent land. This represents a rare opportunity for mineral investors to purchase mineral rights in a productive area that are not pursuant to an active lease agreement.
The auction will be conducted off-site at Southern Supper Club, 900 Willow Street, in South Coffeyville. Broker participation is offered and encouraged. For more details on how to receive the property information package, visit www.natresauctions.com or call toll free at (877) 895-7077.
National Commercial Auctioneers is a nationwide auction company that specializes in commercial sales for banks, special servicers, receivers, Trustee's and bankruptcy courts.
SOURCE National Commercial Auctioneers