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Type of Investment : Commercial Farmland in Texas
Asking Price : $59,200,000 at $3,700/ per Acre.
It is Irrigated Farmland. Sale/Lease Back Offer Only.
Total Acres: about 16,000+/- acres.
Location: West of Texas and near by State.
About this Farm/ Property: This farm is the largest __________producer in the USA—raising seed __________ for Birdsong __________. The farm also produces watermelons, wheat and wheat hay. The farm also has minimal CRP land.
This farmer is a very successful and premier southwestern region farmer with some of the highest proven yield histories. The farm is consistently profitable—this is not a distressed sale. Seller has sale-leaseback experience on other parcels. The irrigation equipment on the farm is top-of-the-line and in excellent working condition. Irrigation water is the best in the entire area with all ¼ mile pivots nozzled at =/+ 500 gpm.
Down Payment : minimum 40 % with solid credit.
Sale conditions : Seller proposes a sale-leaseback to the buyer with the following terms:
Six percent ( 6%) NNN cash lease rate on Gross Purchase PriceNo Liability Insurance and Center Pivot Casualty Insurance paid by Leasee.
No Advalorem Property Taxes paid by Lessee
No Individual Capital Repairs, up to $2,500 per incident, paid by Lessee.
Buyer pays all additional Capital Repairs Term: Three (3) year initial term with lessee having option to renew for six (6) additional three (3) year terms.
Lessee shall have first right of refusal should the Buyer elect to sell the property. Lessee shall have 90 days to close purchase if Lessee elects to buyback the property.
There is experienced farm managers with extensive experience in the Southwest and will agree to manage property for the Buyer, if desired (fees added to lease rate proposal prior to negotiation with Seller). More detailed Asset due diligence information available after showing the property and Buyer entering a conditional purchase contract.
Buyer requirement : request from Seller. Buyer( s )please provide us an updated (not older then one month old ), Authentic/verifiable Proof of funds on down payment and brief background of Buyer( s ), to present to Seller for review and approval prior for meeting.
Disclaimer: All the information regarding this Business /Property for sale is provided by the Seller or /and its reliable Associate, and is not verified in any way by U.S. Business Brokers. Brokers and it Associates have no knowledge of the accuracy of said information and made no warranty express or implied as to the accuracy of such information. Buyer(s) must perform their own due diligence, personally inspect, verify and solely satisfy Buyer(s) regarding all physical conditions and capacities, property improvement descriptions and legal descriptions, without reservation. It subject to change of price/ terms or withdrawal from the market without prior notice.
- U.S.Business Brokers.net
2540 Huntington Dr, suite # 109, San Marino, CA 91108
Office : 626-285-5653. Fax: 626-285-5612 . or 626-416-8826 ( cell ).
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