Rock Rapids, IA 51246(Lyon County)

Auctioneers Note: We are honored to have been selected to offer for sale at auction this updated hog site! This site is located in Lyon County, IA and was built new by the current owner in approx. 1998 and has undergone extensive updating in recent years! This is a excellent opportunity to purchase an existing hog site with an existing contract! Make plans today to purchase this property!

Legal Description: Parcel B in the SE1/4 of Section 36, TWP 100N, Range 45W, Lyon County, IA. Subject to all easements and roads of record.

General Description: If you are looking for an existing well maintained hog finisher site then your search is over! This property has a longterm contract in place which is generating over $165,000.00 in gross income per year! This site consists of 4 separate 960HD wean to finish hog buildings which are approx. 41ft x 193ft and were built in approx. 1998 and have undergone extensive updating in recent years and the buildings have all been updated to achieve Smithfields required bio security standards! Each of these buildings has 20 pens, an 8ft deep pit, Thorpe dry feeders, swinging waterers, 3 LB guardian heaters, Ventra Pro controllers and medicators. Each of these buildings are serviced by 214 ton in tandem AP bulk bins with clear boots and 11,000 gallon propane tank. This site also had a slat inspection approx. 1 year ago and any slats which needed replacement at this time were replaced. The slat inspection that was completed at this time is available. This facility is a shower in/shower out facility and all 4 buildings are connected by indoor walkways. This site has two concrete truck loadouts which were just installed in 2022. This site is on rural water and REC elec. This site is located on a hard surface road with excellent access for feed trucks and loading/unloading of hogs! This site has a 60 KW Olympian backup generator with a 400 amp transfer switch which was installed new in 2022! Some of the recent updates include the addition of the office (which includes laundry, shower & office area) and loadouts in 2022, new roofs in 2021, predominately newer curtains and a new Agri Alert alarm system in 2022. This property is sold subject to all terms of the current contract with Murphy Brown LLC d/b/a Smithfield Hog Production and buyer will be required to assume this contract. Murphy Brown LLC d/b/a Smithfield Hog Production has the right per the contract to approve the new buyer and the new site management and the sale is contingent on Murphy Brown LLC d/b/a Smithfield Hog Productions approval of the buyer and the new site management. Contact An Agent For Details. Buyer will be required to inspect the septic system on the property and update to Iowa code if required at the buyers sole expense. This site has been well maintained and current labor is managed by Farmers Coop Society. If you are looking for an opportunity to own a great investment with income producing revenue day one then be sure to check out this outstanding hog finisher site operation!

Method of Sale: Property will be sold in total dollars. Auction will be held online only.

Viewing: Due to bio-security prospective buyers must isolate themselves from hogs for 2 days and will be required to shower in/shower out of the site also according to the current contract regulation.

Possession: Full possession of the property is closing day subject to the current contract. Buyer must abide by all contract terms and will need to be approved by Smithfield.

Taxes: According to the Lyon County Assessor the current taxes are estimated to be approx. $790.00 per year. Seller will pro-rate the taxes to the date of closing.

Terms: Purchaser of the site will be required to pay a non-refundable 15% of the purchase price as a earnest money deposit and agree to enter into a purchase agreement immediately following the auction with the remaining balance due and payable on closing day on or before December 28, 2022 when the buyer shall receive a clear and merchantable title to the property. This property is being sold as a cash sale with no finance contingencies and as is, where is, with any/all defects and encroachments if any. While every effort has been made to ensure the accuracy of the information herein, all prospective buyers are encouraged to inspect the property and verify all data provided. No warranties are expressed or implied. Any lines on maps are for informational purposes only and are not guaranteed to be actual boundary lines of the property. Any announcements made day of the auction will supersede any advertisements. All buyers are encouraged to do buyers due diligence. All years built, measurements and other data provided are not guaranteed. Buyer of this site must comply with current hog contract terms. Any new fencing must be done according to Iowa Statutes. This Property is being sold subject to the confirmation of the sellers. Auctioneers and Real Estate brokers are representing the sellers. If any additional information is requested, please contact auctioneers listed below. Jacqueline GrotewoldAttorney for sellers.

MFP II, LLC Owner