Property Profile:
Description: 800 acres of which 625 acres are irrigated cropland. An approximate yield of 60+ bushels of Wheat per acre and 190 bushels of Corn per acre. Soils are also suitable for potato crops. Agricultural lease offers opportunities favorable to investors.
Terrain:
Flat -- lays nice
Location:
Northwest of Dalhart (approximately 19 miles)
Closest City:
Dalhart
Access:
Farm Market Road
Hunting:
Pheasant and Deer
Utilities:
Electric and Gas
Water:
Irrigation and water sources: 5 - Center Pivot Sprinklers, 9 - Irrigation wells all connected by a pipeline providing access to every pivot on the property. (2- Natural Gas Motors, 7-submersible pumps and motors, 2 Generator systems), see attached inventory of equipment with model numbers. Sprinklers and wells in excellent condition.
Improvements:
800 ACRE TRACT EQUIPMENT LIST
1 - Lockwood Sprinkler model #1300 serial #575379 Pivot - ACV
1 - Lockwood Sprinkler model #1300 serial #579179 Pivot - ACV
1 - Lockwood Sprinkler model #1300 serial #088A1-647979 Pivot-ACV
1 - Lockwood Sprinkler model #1295 serial #088A2-648079 Pivot-ACV
1 - Lockwood Sprinkler model #1295 serial #088A3-627179 Pivot-ACV
9 Irrigation wells
1 - Chevy 262 IRR motor 10A22875
1 - Chevy 811 IRR motor 8PIL20302
1 - Genset Generator System NMV31761
1 - Marelli GenSet M6518292
1 - Franklin / Simmons 40HP Submersible Pump
1 - Franklin / Simmons 30 HP Submersible Pump
1 - Franklin / Gould Submersible Pump and Motor B0480-30HP
1 - Franklin / Gould Submersible Pump and Motor B0480-40HP
1 - Franklin / Gould Submersible Pump and Motor B0480-15HP
1 - Franklin / Domestic Submersible Pump and Motor #2823008110
1 - Franklin / Gould Submersible Pump and Motor #B0480-40HP
Minerals:
Minerals: Those owned by current owner will convey at time of sell.
Taxes:
Real Estate Taxes, (2009) $1860.00 with no other cost.
Soil:
Soils: Soil survey for the Dallam County area and subject property reflects well drained, moderately permeable soils formed in loamy eolian sediments. These soils are on nearly level to slightly sloping terrain.
Leases:
Lease: As rent, Lessee pays landlord an annual cash lease for the irrigated acres at a rate of $150 per wet acre with a yearly return of $93,750 to the owner. Lessee is responsible for the irrigation, engine and sprinkler repairs including utility expenses from beginning to end of the farming operation. Lessor is responsible for the gearhead and pump repairs over $500 per event and any below ground repairs.
Acceptable Use:
Irrigated cropland suitable for Wheat,, Corn, Sorghum etc and also cattle grazing.
Comment:
Location: This irrigated property is located approximately 10 miles Northwest of Dalhart Texas.
Description: 800 acres of which 625 acres are irrigated cropland. An approximate yield of 60+ bushels of Wheat per acre and 190 bushels of Corn per acre. Soils are also suitable for potato crops. Agricultural lease offers opportunities favorable to investors.
Lease: As rent, Lessee pays landlord an annual cash lease for the irrigated acres at a rate of $150 per wet acre with a yearly return of $93,750 to the owner. Lessee is responsible for the irrigation, engine and sprinkler repairs including utility expenses from beginning to end of the farming operation. Lessor is responsible for the gearhead and pump repairs over $500 per event and any below ground repairs.
Irrigation and water sources: 5 - Center Pivot Sprinklers, 9 - Irrigation wells all connected by a pipeline providing access to every pivot on the property. (2- Natural Gas Motors, 7-submersible pumps and motors, 2 Generator systems), see attached inventory of equipment with model numbers. Sprinklers and wells in excellent condition.
Equipment: View complete list in our photos and documents. List includes all sprinklers, irrigation wells, gear head, drive lines and cooling coils.
Utilities: There is Electricity to the property.
Soils: Soil survey for the Dallam County area and subject property reflects well drained, moderately permeable soils formed in loamy eolian sediments. These soils are on nearly level to slightly sloping terrain.
Minerals: Those owned by current owner will convey at time of sell.
Real Estate Taxes, (2009) $1860.00 with no other cost.
Conclusion: This Farm is close to Dalhart, Texas and local Agri-business structure. Irrigated Farmland produces a substantial annual income through the crop lease and is a great investment in today's market. As a buyer you would receive annual crop lease payments, possible appreciation of the property over time and as a new buyer you could receive a tax benefit from depreciable assets.
Information is taken from sources believed reliable; however, no guarantee is made by the real estate company.
Price:
$1,375,000
|
Property Presented By:
Hunting Country Real Estate
Steven Williams - Broker
Office: 830-431-1525
Cell: 830-431-1525
31320 I.H. 10 West, Suite C
Boerne, Texas, 78006
|
|
|
