This large contiguous parcel situated in a prime location for timber markets offers an outstanding and unique investment opportunity.
The Reed Forest is a 32,562 ± acre contiguous timberland tract located in southern Aroostook County, Maine. The tract is in a prime location for timber markets and features numerous recreational attributes. A timber inventory conducted in the summer of 2021 reveals over 560,000 cords of merchantable timber with an implied growth rate of 0.85 cords per acre per year over the past three growing cycles. The property also generates recreational license income from an existing lot rental and annual bear baiting sites, with an additional vacant lot available for development under the conservation easement.
The property has a long history of management for commercial timber production. A conservation easement on the property protects from over-development and allows for continued conservative forest management for years to come. The Reed Forest is well-situated to take advantage of multiple forest products markets in the U.S. and Canada, and its prime location also offers countless recreational pursuits.
A well-stocked and diverse array of forest types on the property present multiple timber harvesting, hunting, and wildlife opportunities, while several gravel pits support continued road building and maintenance activities. Frontage on the Mattawamkeag River and Wytopitlock Stream afford easy access for fishing. Additionally, The Reed Forest features desirable ecological values such as Silver Maple floodplains and Brook Floater habitat.
Location & Access
The Reed Forest is located in one of the superior regions in Maine for commercial timber markets. U.S. Route 2A, on which The Reed Forest has miles of frontage, is a significant corridor for the transportation of forest products within Maine and to Canadian markets. This region is also prized for abundant recreational opportunities, and The Reed Forest is one of the best examples. The property is located within a half-day’s drive of Bangor International Airport (BGR) and Portland International Jetport (PWM) and within a day’s drive of several large urban centers such as Boston, New York City, Montreal and Quebec City.
The property is accessed by virtue of public road frontage on multiple public roads, including U.S. Route 2A and State Route 171. An extensive interior forest management road network provides access to all corners for efficient timber harvesting. The Baskahegan Road and the Mann Road, both significant private forest management roads, cross the property and help connect the interior road network with public roads.
With over 560,000 cords of merchantable timber across its forested acres, The Reed Forest is a well-established commercial forestland tract with an abundant timber resource. A long history of intensive silviculture leaves behind a well-stocked forest with nearly 18.5 cords of merchantable timber per forested acre. The property is certified to the Forest Stewardship Council® (FSC-C001535) and the Sustainable Forestry Initiative® (NSFSFI-FM-C0144679) standards. The timber inventory is dominated by spruce and fir species, with over 29% of the total sawlog volume being spruce and another 14% fir. Good quality cedar, white pine, hemlock and various hardwood species such as yellow birch and sugar maple round out the sawlog volume. Stand and stock tables generated from a Summer 2021 timber inventory will be available upon request.
This property is being offered by sealed bid only. All bids are due at 5:00 PM EST on November 15th, 2021 at the offices of Prentiss & Carlisle Management Company, 107 Court Street, Bangor, ME 04401. For more information about this property, or obtain access to the data room, contact Jack Kelly at (207) 942-8295.