Mena Timber Land
A recreational paradise located in the heart of Arkansas. From large amounts of marketable timber to private lakes, this property gives you direct access to over 340,000 acres of the Ouachita National Forest. This incredible offering is 4,636+/- acres with multiple paved and county road accesses.
Mena Timber has been surveyed into eight tracts that will be sold at auction June 17-19, 2024. Tract descriptions are as follows.
Hinkle Lake (215+/- Acres)
Hinkle Lake is 215+/- acres is an extraordinary tract nestled within the Ouachita National Forest. A watershed lake can be found in the property’s south west corner, giving access to the entire lake. Located less than a mile from Hinkle Lake, whose spillway creates a beautiful creek running through this property, offering amazing fishing and recreational opportunities.
Quachita Timber (526+/- Acres)
The Quachita Timber tract spans 526+/- acres and primarily consists of marketable Pine timber. But also has some hardwoods mixed in as well. A main transmission line runs through the property offering incredible access to multiple interior logging roads. Several wet weather creeks can be found in the low areas. The northern border is Poteau Mountain Road which offers right at a mile of road frontage. Giving multiple access points to the property.
Poteau Mountain (374+/- Acres)
Poteau Mountain consists of 374+/- acres, offering exceptional hunting for deer, turkeys, bears and hogs. The property also has an abundance of marketable Pine timber, as well as numerous interior roads and wet weather creeks.
Hwy 71 Timber (132+/- Acres)
Spanning 132+/- acres, the Hwy 71 Timber tract has paved road frontage from State Highway 71 and also has an abundance of mature timber. A gorgeous time ridge runs east and west offering incredible hunting opportunities.
Fuller Road 325 (325+/- Acres)
With three separate points of road access, (Fuller Road, Highway 71 and Hawks Peak Road) this 325+/ acre tract offers an abundance of assets. One major asset is Packsaddle Creek that runs through the northwest portion of the property. Another is the newly developed trail system allowing access to almost the entire property and the gorgeous stands of marketable timber.
Packsaddle Creek (760+/- Acres)
Encompassing 760+/- acres, Packsaddle Creek has in incredible amount of water flow from the multiple creeks and springs that run throughout this property. Arguable, this tract has the finer old growth stands of Pine timber in the area and also offers numerous recreational opportunities. The fertile soil in the lower areas would make great pasture ground or food plot areas with some clearing. A series of trails runs throughout not only give great access to the property, but also allow for miles of trail riding pleasure.
Pilot Mountain (1,645 +/- Acres)
Spanning 1,645+/- acres, the centerpiece of Pilot Mountain is a gorgeous 22 acre lake. This lake is full of fish and was built in the 1960’s as part of the Poteau River Watershed Project. Square Rock Creek runs the full length of the property from east to west and serves as a feeder system to the lake. No doubt this tract is one of the finest recreational properties that Arkansas has to offer.
Hawks Peak (563+/- Acres)
The 563+/- acre Hawks Peak tract offers paved road frontage from Highway 71 as well as dirt road access from Hawks Peak Road. Square Rock Creek runs through the middle of the property as well as numerous other springs and wet weather creeks. There are big ridge top views that offer multiple building locations, as well as multiple stands of gorgeous marketable timber.
Please see the Mena Timber Auction Brochure and Terms & Conditions for additional parcel maps & information.
This offering has a little bit of everything from large blocks of contiguous lands over 1,600 acres to the smallest parcel of 132 acres. With one of the main attractions being a 22-acre watershed lake in the heart of it, fed by Packsaddle Creek. The landscape is rolling timber ground, and access throughout the tracts in exceptional. All parcels have either highway or county road access that leads to several miles of interior roads. The acreage is primarily marketable Pine timber with a good mix of hardwoods scattered among the landscape.
Mena Timber Auction (Mena, Arkansas)
***We use credit card verification to confirm bidder authenticity. Please note any verification amounts are immediately credited back to your account. ***
Auction Terms and Conditions
Real Estate Auction
GARY SEXTON, WITH GARY SEXTION AUCTIONEER, LLC WILL BE CONDUCTING THE AUCTION. PROSPECTIVE BUYERS ARE ADVISED TO CONSULT WITH AN ATTORNEY OF THEIR CHOICE WITH RESPECT TO THE PURCHASE OF ANY REAL PROPERTY INCLUDING, BUT NOT LIMITED TO, SEEKING LEGAL ADVICE FROM THEIR OWN ATTORNEY REGARDING DISCLOSURES AND DISCLAIMERS SET FORTH BELOW.
AUCTION DATE & TIME: 07/24/2024 10AM - 07/25/2024 4PM CDT.
AUCTION LOCATION: ONLINE ONLY
AUCTION REGISTRATION: This is an online auction only for the tract commonly known as “Mena Timber Auction (Mena, Arkansas).” All parties seeking to bid on the property offered at auction must register online with Gary Sexton Auctioneers prior to the auction conclusion and provide the required information to receive bidder authorization. Bidders are encouraged and may register prior to the auction. Same-day registration will be allowed, and bidders should allow enough time to register prior to the auction. All bidders will be required to complete a statement (“Bidders Registration”) prior to the commencement of bidding that the bidder has inspected the property and sale documents and is financially capable of closing the transaction. All bidders will be required to provide proof of financial ability to purchase prior to a bid being accepted. All bidding is open to the public, and the property is offered for sale to qualified purchasers without regard to sex, race, color, religion, national origin, or handicap.
AUCTION FORMAT: This auction is an online auction. Our goal is to realize the highest return to the seller and to satisfy all interested parties by allowing bidders who are interested to have the same opportunity.
BIDDING TO OPEN: Starting Bid $1900 per acre on all parcels
Tract 1 “Hinkle Lake” (214+/- Acres)
Tract 2 “Pilot Mountain” (1,640+/- Acres)
Tract 3 “Hawks Peak” (574+/- Acres)
Tract 4 “Hwy 71 Timber” (131+/- Acres)
Tract 5 “Ouachita Timber” (529+/- Acres)
Tract 6 “Poteau Mountain” (401.64 Acres)
Tract 7 “Fuller Road 329” (329+/- Acres)
Tract 8 “Packsaddle Creek” (759+/- Acres)
There are reserves on each tract. Tract will not sell if the tract-specific reserve is not met.
AUCTION PROCEDURES: Conduct of the auction and increments of bidding are at the direction and discretion of Gary Sexton Auctioneers. Registered Bidders will have the opportunity to bid on the parcel for the duration of the auction. The close of the auction will be scheduled for 07/25/2024 at 4PM CDT. Should a bid be made in the last 5 minutes of the parcel's sale, the close will automatically be extended 5 minutes. And thus, extending the closing of the parcel. In the event of a dispute between bidders, Seller and Gary Sexton Auctioneers shall make the final decision to accept the final bid, to re-offer and re-sell the property, or to remove the property from the auction. If any disputes should arise following the auction, Gary Sexton Auctioneers’ records shall be conclusive. Property(ies) are sold AS IS, WHERE IS, with NO Contingencies allowed.
REQUIREMENTS OF THE HIGH BIDDER(S): Immediately following the winning bid of the offered parcel, the highest bidder(s) shall enter into and sign a real estate contract with the Seller for the total contract sale price in the form attached hereto as Exhibit A (the “Contract”). Required earnest money deposit to be in the form of wired funds, a personal, business, or corporate check for 10% of winning auction price which is due immediately upon the signing of the Contract on the day of the auction, and to be deposited with Scott County Title Crop. Such earnest money deposit shall be non-refundable except as otherwise set forth in the Contract or these Terms and Conditions. The Contract shall not be contingent upon inspection, appraisal, financing or any other contingency and shall be a Specific Performance contract. These Terms and Conditions shall be incorporated into and made part of the Contract.
CLOSING: Purchaser(s) shall pay in cash, electronic transfer funds, or cashier’s check (Good Funds), the balance of purchase price (purchase price less earnest money deposit), plus their respective closing costs, and sign and complete all customary or required documents at closing, which is on or before August 20th, 2024. Closing is to be conducted by Scott County Title Corp, and the closing agent fees are to be split equally between Sellers and Purchaser(s). All 2024 real estate taxes will be prorated between the sellers and the buyers based on the closing date. The seller and buyer will split any title opinion costs or title insurance costs, applicable recording fees and customary closing fees.
POSSESSION: Possession of real estate is to be transferred to Purchaser upon closing and delivery of deed.
PROPERTY CONDITION: The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition, and to rely on their own conclusions and the property is being sold AS IS, WHERE IS. Except as expressly set forth in the Contract, Seller will not make, and Purchaser hereby acknowledges that neither Seller nor its representatives have made, any agreement, covenant, representation, or warranty, whether express or implied, with respect to the property, including, without limitation, any implied warranty of habitability, merchantability, or fitness for a particular purpose. Purchaser further hereby acknowledges that Purchaser has made or will make its decision to purchase the property solely in reliance upon Purchaser‘s own inspection and review of the property.
PURSUANT TO THE CONTRACT, PURCHASER, FOR ITSELF, ITS SUCCESSORS AND ASSIGNS, WILL AGREE TO WAIVE, RELEASE, ACQUIT AND FOREVER DISCHARGES SELLER, ITS OFFICERS, DIRECTORS, SHAREHOLDERS, EMPLOYEES, AGENTS, ATTORNEYS, REPRESENTATIVES AND ANY OTHER PERSONS ACTING ON BEHALF OF SELLER AND THE SUCCESSORS AND ASSIGNS OF ANY OF THE PRECEDING, OF AND FROM ANY AND ALL CLAIMS, ACTIONS, CAUSES OF ACTION, DEMANDS, RIGHTS, DAMAGES, COSTS, EXPENSES OR COMPENSATION WHATSOEVER, DIRECT OR INDIRECT, KNOWN OR UNKNOWN, FORESEEN OR UNFORESEEN, WHICH PURCHASER OR ITS SUCCESSORS OR ASSIGNS HAS OR WHICH MAY ARISE IN THE FUTURE ON ACCOUNT OF OR IN ANY WAY RELATED TO OR IN CONNECTION WITH ANY PAST, PRESENT OR FUTURE PHYSICAL CHARACTERISTIC OR CONDITION OF THE PROPERTY. NOTWITHSTANDING ANYTHING TO THE CONTRARY SET FORTH IN THE CONTRACT, THIS RELEASE WILL SURVIVE THE CLOSING OR THE TERMINATION OF THE CONTRACT.
TITLE: Seller to pass title by Special Warranty Deed, in a form reasonably agreeable to Purchaser and Seller as provided by the title insurance company. Seller will be providing a preliminary generic Title Commitment for the purchaser’s review prior to auction. Purchaser may, at Purchaser’s sole cost and expense, procure a title commitment with the Purchaser’s name, lender, purchase price, and all supplements and additions thereto after auction. Purchaser and Seller shall each cooperate to cause to be delivered to the Purchaser at closing a commercially reasonable owner’s title insurance policy (the “Title Insurance”) issued by the Title Company in an amount equal to the Purchase Price and subject to all matters on the generic Title Commitment provided prior to the auction. Title Insurance to be used as evidence of marketable title and cost of the Title Insurance Premium shall be split between Seller and Purchaser at closing. The Title Insurance may contain any endorsements requested by Purchaser, at Purchaser’s sole cost and expense but the closing shall not be contingent upon such endorsements being issued. Property to be sold subject to existing roads and highways; established easements and rights-of-ways; other matters affected by title documents shown within the title commitment; and zoning, building, subdivision, and other restrictions and regulations of record.
REAL ESTATE TAXES: Taxes shall be prorated to the Day of Closing, with Sellers paying all taxes prior to closing.
LEGAL DESCRIPTION: Legal Descriptions are subject to existing fence/field boundaries or land- use trades, if any, and all rights-of-way, easements, and other conditions of record.
MINERALS: All seller-owned mineral rights will transfer with land to the buyer. Seller does not guarantee the amount of Mineral rights owned and makes no warranties with respect to the mineral rights.
WATER RIGHTS: All seller-owned water rights will transfer with land to the buyer. Seller does not guarantee the amount of Water rights owned and makes no warranties with respect to the water rights.
NOXIOUS WEEDS: Seller acknowledges there may be a presence of noxious weeds.
ACREAGES: All stated acreages are approximate and are obtained from either the county tax records, current legal descriptions, and/or aerial photos, and FSA information. No warranty is expressed or implied as to exact acreages of the property. All bids are for the total parcel without regard to exact acreage. There will be no adjustment in the purchase price if the acreage is different than what is stated in this brochure and/or stated at the auction. The detail brochure includes the estimated taxed acres. All price per acre calculations in the initial brochure, detailed brochure, and visual presentation at the auction are based on most recent survey. Any crop, base and harvest numbers are from FSA and NRCS dryland measurements.
ANNOUNCEMENTS: The information contained herein has either been given to us by the owners of the properties or obtained from sources deemed reliable. We have no reason to doubt its accuracy, but we do not guarantee it. Gary Sexton Auctioneers and the Sellers assume no responsibility for the omissions, corrections, or withdrawals. The prospective Purchaser(s) should verify all information contained herein. All prospective bidders are urged to fully inspect the property, its condition and to rely on their own conclusions. All property is to be sold AS IS, WHERE IS, without warranty, representation, or recourse to Sellers. The Contract shall not be contingent upon inspection, appraisal, or financing and shall be a Specific Performance contract. Gary Sexton Auctioneers and all other agents of Broker are or will be acting as a Transaction Broker unless noted otherwise. Gary Sexton Auctioneers reserves the right to require bank references upon request. and reserves the right to refuse bids from any bidder. Bidding increments at the discretion of Gary Sexton Auctioneers, and Seller.
ADDITIONAL DISCLAIMERS: Neither Seller nor Gary Sexton Auctioneers makes any representations or warranties as to the accuracy or completeness of any information contained online at the auction website or made available by the Seller or Gary Sexton Auctioneers. Online bidding is provided on an “as is, as available” basis. No warranties, expressed or implied, including, but not limited to, those of merchantability or fitness for any particular purpose, are made with respect to the online bidding platform or any information or software therein. Neither Seller nor Gary Sexton Auctioneers will be liable for any damages or injury, including, but not limited to, those caused by any failure of performance, error, omission, interruption, defect, delay in operation of transmission, computer virus, or line failure. Neither Seller nor Gary Sexton Auctioneers will be liable for any damages or injury, including, but not limited to, special or consequential damages that result from the use of, or the inability to use, the website, the materials on the website, or the online bidding platform even if there is negligence of Seller or Gary Sexton Auctioneers. The above limitation or exclusion may not apply to the extent that applicable law may not allow the limitation or exclusion of liability for incidental or consequential damages.
EXHIBIT A
(insert form Contract)
