-         A 10% earnest money deposit of the purchase price will be due immediately from all successful bidders.

-         A 5% buyer’s premium will be added to the high bid to determine the total purchase price.

-         The property and water are being sold “AS IS, WHERE IS” and without any contingencies, including financing.

-         Closing will be set 45 days from the auction date or as soon thereafter as closing documents are available.

King Farms is 5,114± acres of highly productive irrigated farmland and native pasture with 80± acres of state lease land, located in Santa Fe County, New Mexico. The farm consists of 1,921± acres of pivot irrigated farmland serviced by 19 wells and 19 center pivots which have historically produced quality alfalfa and other crops, with an additional 2,534± acres of native pasture. Located just a short drive from Albuquerque and Santa Fe, this property is ripe for residential or commercial development. With highly valuable water rights, this property is an excellent investment opportunity!