FM 1573 IRRIGATED ORGANIC FARM 480

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.