Commercial Property in Colorado

Sale of commercial property located in Kit Carson County, Colorado, and more described as follows: The East Half of Section 32, Township 8 South, Range 43 West of the 6th Principal Meridian, Kit Carson County, Colorado, LESS AND EXCEPT a tract of land situate in the Southeast Quarter of Section 32, Township 8 South, Range 42 West of the 6th Principal Meridian, Kit Carson County, Colorado, and being more particularly described as follows: Commencing at the Southeast corner of said Section 32; Thence S 89°34’00” W along the southerly line of said Southeast Quarter a distance of 1230.00 feet to the true point of beginning; Thence S 89°34’00” W along said southerly line a distance of 500.00 feet; Thence N 00°26’00” W a distance of 500.00 feet; Thence N 89°34’00” E a distance of 500.000 feet; Thence S 00°26’00” E a distance of 500.00 feet to the point of beginning, described parcel containing 5.74 acres more or less, as shown in that Subdivision Exemption Plat recorded February 29, 2000 at Document No. 525983 and in Plat Book 5 at Page 70 of the Kit Carson County, Colorado records (the “Land”).

The Land is described as follows: The E/2 32-8-42 consists of gently rolling to rolling grassland with 65.1 acres level sprinkler irrigated, located 6.5 miles east from Burlington, CO. Borrower lives in home on excluded 5.74-acre tract in SE/4. Grass includes some 102.1 acres native grass, with balance of 140.2 acres having been farmed many years ago. The owner has kept the grass intact, with shop building and calving barns to east of excluded home. Irrigation includes 1 well of 250 to 300 GPM. Buyer purchased tract on basis of 300 GPM, but renozzled the sprinkler at 250 GPM after purchase. Sprinkler is a 5-tower Valley 6000. Well has 70 HP Stapleton GH (#1507) and Worthington pump (no number), located in northwest corner of tract. No log was available for the well, with depth of 211’. Shop is serviced by its own domestic submersible and septic/leach system.