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Steve Rooney Acquires 37000 Acre Cattle Ranch From Jock & Jamie Doggett For $50M

Property Image
SOLD
$50,000,000
Ryan Flair
Mike Swan
Timothy (Tim) Anderson

Montana

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Farm
Sold
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Property Image
SOLD

Steve Rooney Acquires 37000 Acre Cattle Ranch From Jock & Jamie Doggett For $50M

310 Camas Creek Rd

See Similar Deals
Farm
Sold
Ryan Flair
Mike Swan
Timothy (Tim) Anderson
the dealplayerscompscontact
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Summary

MONTANA
Asset Type:Farm
Transaction Type:Sale

The property asset involved in the transaction is a 37,000-acre cattle ranch located at 310 Camas Creek Rd, White Sulphur Springs, MT, sold for $50,000,000. The expansive land is primarily utilized as a farm.

Summary of transaction details:

Steve Rooney, the founder of Precision Pipeline, acquired the ranch to fulfill his Western lifestyle dream and intends to maintain the ranch's operations along with other properties he owns in Colorado and Florida. The selling party, Jock & Jamie Doggett, engaged the services of Mike Swan and Tim Anderson from Swan Land Company for representation in this transaction.

Players

Ryan Flair
Hall & Hall
Ryan Flair
1 deal$50M volume(406) 577-3743
BROKER
Mike Swan
Swan Land Company
Mike Swan
1 deal$50M volume(406) 570-4897
BROKER
Timothy (Tim) Anderson
Swan Land Company
Timothy Anderson
1 deal$50M volume(406) 602-0640
BROKER

Details

SOLD
IMAGE: 05/11/2024 ADDRESS: 310 Camas Creek Rd MARKET: White Sulphur Springs, MT ASSET TYPE: Farm ~ ACRES: 37,000 BUYER: Steve Rooney SELLER: Jock & Jamie Doggett BUYER'S REP: Ryan Flair - Hall & Hall SELLER'S REP: Mike Swan & Tim Anderson - Swan Land Company SALE PRICE: $50,000,000 NOTE: Steve Rooney, founder of Precision Pipeline, fulfilled his Western lifestyle dream with the purchase of a 37,000-acre cattle ranch near White Sulphur Springs, Montana, for over $50 million. Rooney, who sold his oil and gas pipeline company in 2009, plans to maintain the ranch's operations, including meat processing, while also owning properties in Colorado and Florida.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,666,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11