Kimball sells Kentucky land for $24.6 million
By Dan Shaw (link to Dan)
A single buyer on Friday bought nearly 12,000 acres in Kentucky put up for auction by Kimball International, Inc.
The buyer paid about $24.6 million for the land, which is in Union and Crittenden counties in Western Kentucky and is known as the “Sturgis” property. Rex Schrader, the president of Schrader Real Estate and Auction Co., declined to give the buyer’s name.
Schrader, whose company helped to conduct the auction, said the land, through which both the Ohio and Tradewater rivers run, will prove valuable over the long term.
“With the location on the two rivers and the long-term timber value and the long-term possibility of mineral values, that makes a good solid investment in today’s environment,” he said.
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See there, land is a GOOD INVESTMENT in today’s environment!
