For Sale
$4,600/ acre or $2,208,000

FM 1573 IRRIGATED ORGANIC FARM 480

Additional Property Details

PROPERTY OVERVIEW

FM 1573 IRRIGATED ORGANIC FARM 480

Newly developed irrigated farm with 3 brand new Valley sprinklers and 4 brand new irrigation wells with electric submersible pumps. The farm is offered as an investment property with the Seller paying a 5% annual return to the Buyer for a 5-year leaseback. The farm will be certified organic.

Area: Southern Sherman Co northwest of Sunray, TX

Location: From Sunray, TX drive north 8 miles on FM 119 to FM 1573. Turn
left and drive west 5.25 miles to the entrance of the property on the north side of the highway.

Access: FM 1573
Total Acres: Approximately 480 acres Total Wet Acres: Approximately 335 acres % Irrigated to total acres: 69.7%
Total Irrigation Wells: 4 irrigation wells Total GPM: Approximately 1,350 gpm GPM/ Wet Acre: 4.02 gpm/ wet acre Power: 3- phase electricity
Price: $4,600/ acre or $2,208,000

Improvements:
2- Valley 1/4 mile 2025 year models
1- Valley 95 acre sprinkler 2025 year model
4- IrrigaDon wells
4- Submersible pumps
Leaseback: Seller will leaseback farm for a 5% return to the investor on a 5- year
lease.
Organic Certification: The farm is in the process of being certified organic. Certification should be completed in the next 6 months.

Property Details

Price: $4,600/ acre or $2,208,000
480 Acres

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Contact Information

Broker: Shawn Gillispie
Cell: (806) 922-5532

Gillispie Land Group
6107 S. Coulter, Suite 300
Amarillo, TX 79119

Commercial Agents
Gage Gillispie: (806) 654-2018

Office Address:
6107 S. Coulter St., Ste 300
Amarillo, TX 79119

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