Published:
Views: 2132

Sold! 32,000 Acres of Oregon Timber and Grazing Land

Realty Marketing/Northwest and Fay Ranches recently completed the second portion of a two-part, $18.5 million sale of a 32,475-acre timber and grazing property outside of Bend, Oregon. Known as Foley Butte Block, the contiguous block features abundant timber, numerous streams,

FoleyButteBlock_lg

Realty Marketing/Northwest and Fay Ranches recently completed the second portion of a two-part, $18.5 million sale of a 32,475-acre timber and grazing property outside of Bend, Oregon. Known as Foley Butte Block, the contiguous block features abundant timber, numerous streams, and high-quality grazing.

John Rosenthal of Realty Marketing/Northwest represented the seller, Ochoco Lumber Co., and Jerry Hicks of Fay Ranches represented the buyer, Stafford Ranches. The complicated transaction was done in two parts, with 27 percent completed in 2013 and the remaining 73 percent completed in 2014. In addition to the usual complexities associated with the sale of such a large tract of land, Foley Butte Block required a 1031 exchange, a reverse 1031 exchange, a bridge loan, and the assignment of federal government releases as well as grazing rights.

Read more here.

Tagged with: , ,
Posted in Agriculture, Feature, News Desk, Oregon, Pacific, Timber

EMAIL SIGNUP

Please sign me up to receive breaking news and updates from the Land Report!

Latest Tweets

News By Region

The Land Report | 2018 America's Best Brokerages
The Land Report is proudly partnered with: Hall and Hall Bates Land Consortium Mossy Oak Properties United Country Real Estate Live Water Properties Fay Ranches Inc. Mirr Ranch Group californiaoutdoorproperties.com Whitetail Properties TerraStone Land Company Hayden Outdoors Real Estate Western Ranches
Pacific West Great Plains Great Lakes Midwest Southwest South Northeast Pacific West Great Plains Great Lakes Midwest Southwest South Northeast