Stan Kroenke Acquires Waggoner Ranch In Vernon For $725M
Vernon, Wilbarger County, TX, USA & Vernon, Wilbarger County, TX, USA
$725,000,000
$0/SF
Building Size
22,215,600,000 SF
Asset Type
Other
Closing
Feb 8, 2016
About this deal
AI
The Waggoner Ranch, an agricultural asset located in Vernon, Wilbarger County, was sold in a closed transaction on February 9, 2016. The property spans 510,000 acres and was purchased by Stan Kroenke for a price of $725,000,000. The transaction involved the sale of the ranch from seller Vernon Wells to buyer Stan Kroenke.
Summary of transation details
- Property Type: Agricultural
- Transaction Amount: $725,000,000
- Address: Waggoner Ranch, Vernon
- Market: Wilbarger
- Acres: 510,000
The deal was facilitated by multiple brokers, representing both the buyer and the seller. Joel Leadbetter from Hall and Hall, Sam Connolly from Kroenke Ranches, Bernard Uechtritz from International Realty, and Sam Middleton from Chas. S. Middleton & Son all played a role in the transaction.
Players
Vernon Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93