3 string ranch - loopnet · 2018. 1. 12. · +3 string ranch:• 251.5 shares of pioneer canal •...

3 S T R I N G R A N C H

D U C H E S N E C O U N T Y

U T A H

O P P O R T U N I T Y O F A L I F E T I M E

T A B L E

O F C O N T E N T S

EXECUTIVE SUMMARY 5

PROPERTY OVERVIEW 9

3 STRING RANCH 1 1

FRUITLAND FARM 1 9

AREA OVERVIEW 2 5

E X E C U T I V E

S U M M A R Y

CBRE Land Services is pleased to present a unique opportunity to purchase a turn-key,

working cattle ranch, complete with farms, rare grazing land leases, equipment and cattle

in Duchesne County. Accompanied by one of the most sought-after grazing leases in Utah,

3 String Ranch presents an opportunity to invest in a highly profitable venture, with close

proximity to the Wasatch Front and Salt Lake City.

The 3 String Ranch is located in and around Duchesne and Fruitland, Utah and in unincorporated Duchesne County. Elevation ranges from roughly 4,500 to 9,600 feet. The subject property is being sold as a turn-key operation with two operational, irrigated farms and a tremendous block of leased grazing land all within close proximity of each other.

The main property near Duchesne, the 3 String Ranch, is 398 acres with 251.5 shares of Pioneer Canal Irrigation. The Fruitland Farm includes 260 acres with 630 shares of Red Creek Irrigation. The ranch is being sold ‘as is, where is’ with farming equipment, 850 mother cows, 100 Bred Heifers and 40 bulls. A new, state-of-the-art cattle

handling facility with the capacity of 1200 head rests on the Duchesne Farm, along with a 400 head feedlot. The Fruitland property has new corrals with a 500 head capacity. As of 2015, a newly built home provides living space for the on-site manager. Two full time employees and manager may be willing to stay for the right buyer.

Between the two farms, there are 50,000+ acres of leased grazing ground. A rare find, this land is contiguous, sought-after and one of the best in the state. Another benefit is the close proximity to the working ranch and farm, which makes driving and moving the cattle a much more manageable process.

summary1 0 0 0 C O W T U R N - K E Y C A T T L E R A N C H

E x e c u t i v e S u m m a r y | 5

3 String Ranch

FruitlandFarm

State Trust Grazing Land

StarvationReservoir

StrawberryReservoir

Currant Creek Reservoir

DWR Grazing Land

E x e c u t i v e S u m m a r y | 6

P R O P E R T Y

O V E R V I E W

850 Mother cows, 100 Bred Heifers, 40 Bulls | 2 Farms, Home, Outbuildings and Water Rights

658 deeded acresP r o p e r t y O v e r v i e w | 8

+ 3 String Ranch:• 251.5 shares of Pioneer Canal• 1 share per acre

+ Fruitland Farm:• 630 shares of Red Creek Irrigation• 3 shares per acre

+ Division of Wildlife Resources (DWR) Lease • 23,000 acre grazing block• Year to year lease• On Date: May 15, 2017• Off Date: June 15, 2017

+ State Institutional Trust Lands (SITLA) Lease • 25,972.03 acre grazing block• 19 year lease (July 1, 2011 to June 30, 2030)• On Date: June 15• Off Date: October 1

+ Tooele Army Depot Lease• 700 head• On Date: November 1 • Off Date: May 30, 2017

+ Private Land Owner Lease• 300 AUM• Land borders the DWR• Unfenced

W A T E R S H A R E S G R A Z I N G L E A S E S

+ 3 String Ranch:• 398 acres• Cattle handling facility, 1200 head capacity• 400 head feedlot• Irrigated (2 pivots)• 251.5 shares of Pioneer Canal• Home for on-site Manager• Hay barn• Approx. 5 ton per acre hay produced annually

+ Fruitland Farm:• 260 acres• Irrigated (2 pivots)• New corrals with capacity of 500 head• 630 shares of Red Creek Irrigation• Approx. 3 ton per acre hay produced annually

+ Cattle: • 850 mother cows• 100 Bred Heifers• 40 bulls

+ Machinery Included

T H E I N V E S T M E N T O P P O R T U N I T Y

A S K I N G P R I C E

+ “As is, Where is”

+ $6,500,000.00

propertyP r o p e r t y O v e r v i e w | 9

As a turn-key operation, 3 String Ranch follows a yearly

cycle for Spring, Summer, Fall and Winter, with calves

averaging 640 lbs, proving that the right grazing land is

an important factor to consider.

3 S T R I N G C A T T L E O P E R A T I O N

It is almost time to round up and move the cattle to the Winter Grazing Grounds. Depending on the timing and the weather, 700 head will be moved to the Tooele Army Depot Lease at the end of November and will stay until the middle of May.

Warmer weather starts the Spring Round up and the cattle are hauled to the DWR grazing land starting May 15.

As summer moves in, a cattle drive moves the herd to the SITLA grazing grounds around June 15.

At the end of summer, the cows and calves are moved to the ranch locations in Fruitland and Duchesne, where the cows will be processed and the calves will be shipped. Cows will remain at the ranch locations on pasture until the end of November.

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3 S T R I N G R A N C H | 3 9 8 A C R E S

Duchesne River

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A R E A

O V E R V I E W

A R E A O V E R V I E W

Duchesne CountyMuch of present-day Duchesne County was once

part of the sprawling Uintah and Ouray Indian

Reservation. Today, most of the county is owned

or controlled by individual Native Americans or

the Ute Indian Tribe.

T H E H I G H U I N TA S P R I M I T I V E A R E A I S D O T T E D W I T H S O M E O F T H E M O S T B E A U T I F U L A L P I N E L A K E S A N Y W H E R E I N T H E W E S T— Beehive History

Utah State Historical Society

C H A R A C T E R I Z E D BY T H E H I G H E S T P E A KS I N U TA H , C O U N T L E S S L A K E S , A N D A U N I Q U E A L P I N E E C O S Y S T E M , I T I S A M O N G T H E N AT I O N ’ S M O S T O U T S TA N D I N G W I L D E R N E S S A R E A S— Wilderness Connect

overview

Duchesne County is bordered on the east and west by Uintah

and Wasatch counties respectively, on the north by Summit

County, and on the south by Carbon County. The legislature

created Duchesne County in 1914 from part of Wasatch County.

The state’s highest mountain, King’s Peak at 13,528 feet above sea

level, is located in the county’s Uinta Mountains. Major streams

running through the county include the Strawberry, Duchesne,

Lake Fork, and Yellowstone rivers.

The High Uintas Primitive Area, situated in the northern portion

of the county, is dotted with some of the most beautiful alpine

lakes anywhere in the West. The lakes are free of ice for only a few

months of the year. The county’s economy is based primarily on

the livestock industry, but the area is also rich in oil and natural

gas. As in Uintah County to the east, Duchesne’s oil and natural

gas extraction industries fluctuate according to international oil

and natural gas markets.

A r e a O v e r v i e w | 2 5

Heber City

Park City

Salt Lake City

Duchesne County

High Uintas

Tabby Mtn

Strawberry Reservoir

3 String Ranch

FruitlandFarm

SITLA

DWR


The main farm, 3 String Ranch, is approximately 72 miles from Heber City, and 90 miles to I-80.

Salt Lake City is approximately 116 miles, 2 hours, from the main farm.

Strawberry Reservoir is roughly 12 miles from the Fruitland Farm and 40 miles from the 3 Strings Ranch. Getting to surrounding cities is simple with access to Highway 40 that will take you to Heber City and Park City, and Highway 35 takes you the scenic route through Tabiona and Hanna, and into the higher elevations of the Uintas.

Starvation Reservoir is only 5 miles from the main property.

The Duchesne River runs through the south section of the main property. This section of the river and property has a well established wild turkey population.

Duchesne County is considered a destination for enthusiasts of all kinds: fishing, hunting, hiking, camping, backbacking and other outdoor activities. The Tabby Mountain and the surrounding area is well-known as a home to Elk, Deer, Wild Turkey, Duck, Geese, and Brown Trout. Tabby Mountain is also famous for its large population of deer and Elk. Duchesne River is considered to be one of the top three rivers in the state for fishing.

L O C A T I O N


AFFILIATED BUSINESS DISCLOSURE

CBRE, Inc. operates within a global family of companies with many subsidiaries and related entities

(each an “Affiliate”) engaging in a broad range of commercial real estate businesses including, but

not limited to, brokerage services, property and facilities management, valuation, investment fund

management and development. At times different Affiliates, including CBRE Global Investors, Inc. or

Trammell Crow Company, may have or represent clients who have competing interests in the same

transaction. For example, Affiliates or their clients may have or express an interest in the property

described in this Memorandum (the “Property”), and may be the successful bidder for the Property.

Your receipt of this Memorandum constitutes your acknowledgement of that possibility and your

agreement that neither CBRE, Inc. nor any Affiliate has an obligation to disclose to you such Affiliates’

interest or involvement in the sale or purchase of the Property. In all instances, however, CBRE, Inc.

and its Affiliates will act in the best interest of their respective client(s), at arms’ length, not in concert,

or in a manner detrimental to any third party. CBRE, Inc. and its Affiliates will conduct their respective

businesses in a manner consistent with the law and all fiduciary duties owed to their respective

client(s).

CONFIDENTIALITY AGREEMENT

Your receipt of this Memorandum constitutes your acknowledgement that (i) it is a confidential

Memorandum solely for your limited use and benefit in determining whether you desire to express

further interest in the acquisition of the Property, (ii) you will hold it in the strictest confidence, (iii)

you will not disclose it or its contents to any third party without the prior written authorization of the

owner of the Property (“Owner”) or CBRE, Inc., and (iv) you will not use any part of this Memorandum

in any manner detrimental to the Owner or CBRE, Inc.

If after reviewing this Memorandum, you have no further interest in purchasing the Property, kindly

return it to CBRE, Inc.

DISCLAIMER

This Memorandum contains select information pertaining to the Property and the Owner, and

does not purport to be all-inclusive or contain all or part of the information which prospective

investors may require to evaluate a purchase of the Property. The information contained in this

Memorandum has been obtained from sources believed to be reliable, but has not been verified

for accuracy, completeness, or fitness for any particular purpose. All information is presented “as

is” without representation or warranty of any kind. Such information includes estimates based on

forward-looking assumptions relating to the general economy, market conditions, competition

and other factors which are subject to uncertainty and may not represent the current or future

performance of the Property. All references to acreages, square footages, and other measurements

are approximations. This Memorandum describes certain documents, including leases and other

materials, in summary form. These summaries may not be complete nor accurate descriptions of

the full agreements referenced. Additional information and an opportunity to inspect the Property

may be made available to qualified prospective purchasers. You are advised to independently verify

the accuracy and completeness of all summaries and information contained herein, to consult with

independent legal and financial advisors, and carefully investigate the economics of this transaction

and Property’s suitability for your needs. ANY RELIANCE ON THE CONTENT OF THIS MEMORANDUM

IS SOLELY AT YOUR OWN RISK.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest

or offers to purchase the Property, and/or to terminate discussions at any time with or without notice

to you. All offers, counteroffers, and negotiations shall be non-binding and neither CBRE, Inc. nor the

Owner shall have any legal commitment or obligation except as set forth in a fully executed, definitive

purchase and sale agreement delivered by the Owner.

COPYRIGHT NOTICE

© 2018 CBRE, Inc. All Rights Reserved.

BRUCE ZOLLINGER

Vice President

+ 1 801 869 8040

[email protected]

PATRICK JUHLIN

Vice President

+ 1 801 869 8005

[email protected]

LISA STACHITUS

Client Services Specialist

+ 1 801 869 8079

[email protected]

F O R I N F O R M A T I O N , C O N T A C T :

3 string ranch - loopnet · 2018. 1. 12. · +3 string ranch:• 251.5 shares of pioneer canal •...

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