turner family lp timberland

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offered for sale via sealed bid

TURNER FAMILY LP TIMBERLAND A Timberland / Recreational Investment Property 801 (+/-) total acres • Cleveland County, Arkansas

BID DATE: Thursday, February 18, 2016 by 3:00 PM offered by

L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e a n d Te x a s

DISCLOSURE STATEMENT Lile Real Estate, Inc. is the listing agency for the owner of the property described within this offering brochure. A representative of Lile Real Estate, Inc. must be present to conduct a showing. The management of Lile Real Estate, Inc. respectfully requests that interested parties contact us in advance to schedule a proper showing and do not attempt to tour or trespass on the property on their own. Thank you for your cooperation. Some images shown within this offering brochure are used for representative purposes and may not have been taken on location at the subject property. This offering subject to errors, omissions, change or withdrawal without notice. All information provided herein is intended as a general guideline and has been provided by sources deemed reliable, but the accuracy of which we cannot guarantee.

vicinity map

November 3, 2015

NOTICE OF LAND SALE BY SEALED BID

We offer for sale the following tracts of land in Cleveland County, Arkansas

Turner Family LP Timberland

CONDITIONS OF SALE:

1.

 ealed bids will be received at the office of Lile Real Estate, Inc. 401 Autumn Road, Little Rock, AR 72211 until S 3:00 p.m. Thursday, February 18, 2016 and at that time privately opened. If your bid is mailed, please indicate on the outside of the envelope “Bid on Turner Family Timberland”. Bids may be faxed to 501-374-0609, or emailed to [email protected]. The successful bidder will be required to close within and no later than thirty five (35) days from the effective date of an executed contract. An offer form is attached.



2.

 creages are believed to be correct but are not guaranteed. In all cases, no adjustment will be made in the contract A price based on any subsequent survey conducted by a Buyer. It is the Prospective Buyer’s responsibility to verify the accuracy of all acreage.



3.

Seller will furnish title insurance.



4.

 warranty deed will be prepared by Seller. The Seller will pay half of the documentary stamps required by law for A the recordation of the deed.



5.

All property taxes will be paid by the owner up to date of the sale.



6.

 he land will be sold to the highest bidder; however, the Seller reserves the right to refuse any or all bids, to waive T any technical defect in bids, and unless otherwise specified by the seller, to accept any bid as may be in the best interest of the seller.



7.

At the completion of the bidding process, a final contract will be signed by both Buyer and Seller.



8.

 ll merchantable timber shall transfer to the Buyer, unencumbered by any timber deeds or forestry management A contracts.



9.

All active recreational leases can be provided upon request.



10.

 ll Seller owned mineral rights shall transfer to the Buyer, but the Seller does not warrant or guarantee ownership of A such.



11.

AGENCY: LISTING AGENT FIRM REPRESENTS SELLER: Buyer and Seller acknowledge that the Listing Agent Firm is employed by the Seller. All licensees associated with the Listing Agent Firm are employed by, represent, and are responsible to the Seller. The Listing Agent makes no representation as to the condition of the property or its suitability to the Buyer’s needs. The Buyer(s) are responsible for verifying information regarding this property and obtaining legal counsel if desired. If Buyer seeks representation from a licensed real estate agent, then it is the Buyers sole responsibility to pay for such services.



12.

 ll Seller owned structures shall transfer in their respective “as-is where is” condition, with no implied or written A warranties. Lessees shall be given fourteen (14) calendar days upon the expiration of their leases to remove any personal items such as deer stands, sheds, canopies, pavilions, or other miscellaneous buildings that do not belong to the Seller.



13.

Any questions concerning this sale should be directed to Brandon Stafford or Gar Lile / Lile Real Estate, Inc. 501-416-9748 Mobile or 501-374-3411 Office. Agency Disclosure All information contained herein has been obtained from sources we believe to be reliable. However, no warranty or guarantee is made to the accuracy of the information. Lile Real Estate, Inc. is the agent of the owner of the property described within this property offering.

OFFER FORM - TURNER FAMILY LP TIMBERLAND Bid Date: Thursday, February 18, 2016 by 3:00 PM

Bidder herby submits the following as an offer for the purchase of the lands located in Cleveland County, Arkansas; as described by the sales notice.



 his offer will remain valid through Monday, February 22, 2016 at 3:00 p.m. If this offer is accepted the Bidder T is obligated to execute an offer and acceptance contract with the Seller. Upon acceptance earnest money shall be tendered within three (3) calendar days in the amount of five thousand dollars ($5,000.00) per winning bid. Closing shall take place no later than thirty-five (35) days from the effective date of the executed contract. A copy of the offer and acceptance contract can be requested for review prior to the bid date.





Bids will be privately opened and accepted in the form of: hand delivery, physical mail, email, or fax. The information for each is as follows:

Mail offer from to:



 ile Real Estate, Inc. (Before 3:00 p.m. on February 18, 2016) L 401 Autumn Road Little Rock, AR 72211



Fax offer form to:



501-374-0609



Email offer form to:



[email protected]

Tract No. $$/Bid Amount Tract #1...........................................................$ Tract #2...........................................................$ Tract #3...........................................................$ Whole (Tracts #1, #2, #3)...............................$

Bidder: _________________________________ Date:

________________________________

Phone No.:

_________________________________

Fax No.:

_________________________________

Email:

_________________________________

Address: _________________________________ Signature: _________________________________

ownership map Tract 1 | Cleveland County

ownership map Tract 1 | Cleveland County

ownership map Tract 2 & 3 | Cleveland County

tract

1 | kedron farm

Ownership:

Turner Family Limited Partnership

Acreage/ Real Estate Taxes: Access:

Parcel Number

Mnt. Carmel Road - Gravel Cleveland County All-Weather Road

Mineral Rights:

All Minerals shall transfer to the Buyer, however the Seller does not warrant or guarantee ownership of such.

Utilities:

Water and Electricity

Hunting Lease:

J.D.D. Hunting Club / Expires June 1, 2016

Cabin/Site Lease:

Multiple Parties / Expires June 1, 2016

Acreage

03302-00 162.92 05786-00 40.00 03050-00 40.00 Total 242.92

Estimated Taxes

$291.63 $134.48 $59.81 $485.92

Notes: Contact:

Brandon Stafford / Lile Real Estate, Inc. 501-374-3411 (Office)

aerial map TractMap 1 Aerial

map center: 34° 1' 38.31, 92° 9' 19.92

0ft

2218ft

18-8S-10W Cleveland County Arkansas 11/2/2015 Field borders provided by Farm Service Agency as of 5/21/2008.

4436ft

soil map Tract 1 Soil Map

State: County: Location: Township: Acres: Date:

Arkansas Cleveland 18-8S-10W Niven 254.14 11/2/2015

Soils data provided by USDA and NRCS.

Area Symbol: AR025, Soil Area Version: 13 Code Soil Description

Acres Percent of field

Non­Irr Class Legend

Non­ Bahiagrass Irr Class *c 

Common bermudagrass

Corn Cotton lint

Improved bermudagrass

Wa

Wehadkee silt loam

90.20

35.5%

IVw

 

 

75

 

 

9.5

 

30

 

 

CaA

Caddo silt loam, 0 to 1 percent slopes

71.99

28.3%

IIIw

6.5

5

60

 

 

 

100

24

 

 

PrC

Prentiss very fine sandy loam, 3 to 8 percent slopes

53.31

21.0%

IIIe

9

 

80

750

9

 

 

30

8

40

StB

Stough silt loam, 1 to 3 percent slopes

38.64

15.2%

IIw

8

 

80

725

8

 

 

25

8

35

Weighted Average

4.9

1.4

72.6

267.6

3.1

3.4

28.3

27.5

2.9

13.7

Area Symbol: AR025, Soil Area Version: 13 *c: Using Capabilities Class Dominant Condition Aggregation Method Soils data provided by USDA and NRCS.

Pasture

Rice Irrigated

Soybeans

Tall Wheat fescue

topography map Tract 1 Map Topography

map center: 34° 1' 38.31, 92° 9' 19.92

0ft

2218ft

18-8S-10W Cleveland County Arkansas 11/2/2015 Field borders provided by Farm Service Agency as of 5/21/2008.

4436ft

tract

1 | kedron farm

tract

2 | wallace place

Ownership:

Turner Family Limited Partnership

Acreage/ Real Estate Taxes: Access:

Parcel Number

Mineral Rights:

All Minerals shall transfer to the Buyer, however the Seller does not warrant or guarantee ownership of such.

Utilities:

Water and Electricity

Hunting Lease:

Bob & Hazel Hunting Club / Expires November 1, 2016

Cabin/Site Lease:

Multiple Parties / Expires November 1, 2016

Notes:

Saline River Frontage; Concrete Boat Ramp

Contact:

Brandon Stafford / Lile Real Estate, Inc. 501-374-3411 (Office)

04444-00 04452-00 04443-00 Total

Acreage

51.5 31.0 40.0 122.5

Estimated Taxes

$102.69 $25.04 $69.70 $197.43

Reed Camp Road - Gravel Cleveland County All-Weather Road

aerial map Aerial TractMap 2

map center: 33° 52' 10.58, 92° 10' 29.73

0ft

1007ft

6-10S-10W Cleveland County Arkansas 11/2/2015 Field borders provided by Farm Service Agency as of 5/21/2008.

2014ft

soil map Tract 2 Soil Map

Arkansas Cleveland 6-10S-10W Smith 131.96 11/2/2015

State: County: Location: Township: Acres: Date:

Soils data provided by USDA and NRCS.

Area Symbol: AR025, Soil Area Version: 13 Code Soil Description

Acres Percent of field

Non­Irr Class Legend

Non­ Bahiagrass Irr Class *c 

Common bermudagrass

Corn Cotton lint

Improved bermudagrass

Pasture

Soybeans

Tall Warm fescue season grasses

Wheat

Ow

Ochlockonee­ Wehadkee association (guyton)

61.49

46.6%

IVw

 

 

 

 

7

 

30

 

6

 

SaC

Saffell gravelly fine sandy loam, 3 to 8 percent slopes

16.41

12.4%

IIIe

5

4

 

 

5

 

 

 

 

30

Wb

Wehadkee soils, and Udifluvents

16.18

12.3%

VIw

 

 

 

 

 

8.5

 

 

 

 

TaB2 Tippah silt loam, 1 to 3 percent slopes, eroded

15.09

11.4%

IIe

9

 

80

650

10

 

35

8.5

 

35

SaE

Saffell gravelly fine sandy loam, 8 to 25 percent slopes

14.96

11.3%

VIe

4

3

 

 

4

 

 

 

 

 

ShC

Savannah very fine sandy loam, 3 to 8 percent slopes

3.39

2.6%

IIIe

9

 

70

600

8

 

30

7.5

 

35

W

Water

3.31

2.5%

 

 

 

 

 

 

 

 

 

 

 

BoE2 Boswell loam, 8 to 20 percent slopes, eroded

1.06

0.8%

VIe

4

4

 

 

 

 

 

 

 

 

Wf

0.07

0.1%

VIw

 

 

 

 

 

8.5

 

 

 

 

Weighted Average

2.4

0.9

10.9

89.7

5.7

1

18.8

1.2

2.8

8.6

Wehadkee­ Falaya association

Area Symbol: AR025, Soil Area Version: 13 *c: Using Capabilities Class Dominant Condition Aggregation Method Soils data provided by USDA and NRCS.

topography map Topography Tract 2 Map

map center: 33° 52' 10.58, 92° 10' 29.73

0ft

1007ft

6-10S-10W Cleveland County Arkansas 11/2/2015 Field borders provided by Farm Service Agency as of 5/21/2008.

2014ft

tract

2 | wallace place

tract

2 | wallace place

tract

2 | wallace place

tract

2 | wallace place

tract

3 | merrill ranch

Ownership:

Turner Family Limited Partnership

Acreage/ Real Estate Taxes: Access:

Parcel Number

Mineral Rights:

All Minerals shall transfer to the Buyer, however the Seller does not warrant or guarantee ownership of such.

Acreage

04688-00 75.36 04679-00 320.00 04675-00 40.00 Total 435.36

Estimated Taxes

$54.16 $476.87 $28.72 $559.75

Arkansas State Highway 35 Herrington Road - Gravel Cleveland County (CR110) All-Weather Road

Improvements: Utilities:

Water and Electricity

Hunting Lease:

Cottondale Farms / Expires October 20, 2016

Cabin/Site Lease:

None

Notes:

Saline River Frontage

Contact:

Brandon Stafford / Lile Real Estate, Inc. 501-374-3411 (Office)

aerial map TractMap 3 Aerial

map center: 33° 49' 32.24, 92° 5' 20.55

0ft

1230ft

24-10S-10W Cleveland County Arkansas 11/2/2015 Field borders provided by Farm Service Agency as of 5/21/2008.

2461ft

soil map Tract 3 Soil Map

State: County: Location: Township: Acres: Date:

Arkansas Cleveland 24-10S-10W Smith 461.47 11/2/2015

Soils data provided by USDA and NRCS.

Area Symbol: AR025, Soil Area Version: 13 Code

Soil Description

Wf

Wehadkee­ Falaya association

Acres

Percent of field

Non­Irr Class Legend

Non­ Bahiagrass Irr Class *c 

Common bermudagrass

Corn Corn Cotton silage lint

Grass Improved hay bermudagrass

Oats Pasture

Rice Irrigated

Soybeans

Tall fescue

248.92

53.9%

VIw

 

 

 

 

 

 

 

 

8.5

 

 

CbC2 Cahaba fine sandy loam, 3 to 8 percent slopes, eroded

45.92

10.0%

IIIe

8

 

85

 

750

5.5

9.5

70

 

 

30

StB

Stough silt loam, 1 to 3 percent slopes

40.42

8.8%

IIw

8

 

80

 

725

 

8

 

 

 

25

Ow

Ochlockonee­ Wehadkee association (guyton)

39.23

8.5%

IVw

 

 

 

 

 

 

7

 

 

 

30

CaA

Caddo silt loam, 0 to 1 percent slopes

33.42

7.2%

IIIw

6.5

5

60

 

 

 

 

 

 

100

24

Wb

Wehadkee soils, and Udifluvents

18.53

4.0%

VIw

 

 

 

 

 

 

 

 

8.5

 

 

StC

Stough silt loam, 3 to 8 percent slopes

18.12

3.9%

IIIe

8

 

70

 

675

 

8

 

 

 

25

W

Water

9.17

2.0%

 

 

 

 

 

 

 

 

 

 

 

 

ShB

Savannah very fine sandy loam, 1 to 3 percent slopes

5.19

1.1%

IIe

9

 

75

 

650

 

8.5

 

 

 

35

Oc

Ochlockonee very fine sandy loam

2.55

0.6%

IIw

 

 

110

22

 

 

8

75

 

 

40

topography map Tract 3 Map Topography

map center: 33° 49' 32.24, 92° 5' 20.55

0ft

1230ft

24-10S-10W Cleveland County Arkansas 11/2/2015 Field borders provided by Farm Service Agency as of 5/21/2008.

2461ft

tract

3 | merrill ranch

notes

LILE REAL ESTATE, INC. Arkansas - Corporate Office 401 Autumn Road Little Rock, AR 72211 501.374.3411 501.374.0609 (fax)

Tennessee - Regional Office 5521 Murray Avenue, Suite 110 Memphis, TN 38119 901.260.4580 901.260.4582 (fax)

[email protected] www.lilerealestate.com

L i c e n s e d i n A r k a n s a s , L o u i s i a n a , M i s s i s s i p p i , Te n n e s s e e a n d Te x a s