Developable real estate is in high demand along the Eagle Ford shale. Current reports show over 1.1 million barrels per day of production. With over 4,000 existing wells and projected sustainability of 30+ years, this is one of the biggest discoveries of oil and natural gas in history. We simply call it the biggest little secret in Texas.
To quote Ken Luckenhoff with Union Pacific Railroad at the Bisnow event last week:
"when the land you own has been in your family back to the Republic of Texas, and you herd your cattle with a helicopter ....you don't NEED the money that comes with selling acreage to man camps, trailers and drilling equipment."
This is a rare opportunity to own a single tenant net lease investment with excellent industry linkage and operated by a well capitalized tenant. Calling for offers immediately.
Asking Price: $1,020,000
Asset Summary
- NOI: $102,000
- Asking CAP Rate: 10% (on actual)
- Single Tenant Net Lease
- 2012 Construction- Allied is a fast growing company and has future plans of expansion of the facility.
- New 5 Year Lease (Commenced March 2012)
- Tenant: Allied Wireline Services (financials available with CA)
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