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Mobile Home Park Details

Purchase Method: Cash
Listing ID: 505499
Posted On: Jan 26, 2015
Updated On: Jun 30, 2015

Description

MOTIVATED SELLER. BRINGS OFFERS.

- Recently developed mobile home park located in the booming Eagle Ford Shale area, the largest oil and gas development in the world.

- The property sits on the western edge of the Eagle Ford Shale, which has the lowest cost production and breakeven points.

- Home inventory includes high quality singlewide units built in 2010-2011 from Clayton and Palm Harbor.

- Tremendous cash cow opportunity with upside to fill the remaining sites and fill the vacant homes with tenants.

- Additional 7.88 acres for expansion is included, which adds another 45+ spaces. This land is included in the current asking price.

- Property operates with municipal water and sewer from Carrizo Hill, a subdivision of Carrizo Springs. It is expected that Carrizo Springs will annex Carrizo Hill, at which point the utilities will be Carrizo Springs water and sewer.

- The property resides 110 miles south west of downtown San Antonio.

Location

- Dimmit County, TX and the Eagle Ford Shale Play: Dimmit County (1,334 sq miles) is situated in South Texas above the Eagle Ford Shale Play where companies are targeting both oil, condensate, and gas. Dimmit County produces from both the condensate rich and oil prone areas of the Eagle Ford.

- Dimmit County Eagle Ford Shale Statistics:
1) Quarterly Taxable Spending: $47,804,737 (2nd quarter 2012, an increase of 273% since 2009)
2) Oil & Gas Employment: 4,309 jobs (2011)
3) 10-Year Oil & Gas Employment Outlook: 10,127 jobs (2021)

- Dimmit County Eagle Ford Shale Upcoming Projects:
1) Enterprise Production Partners Gas Pipeline (from White Kitchen)
2) Plains All American Pipeline Crude Pipeline (to the Gardendale Terminal)
3) Plains All American Pipeline Catarina Storage and Terminal

- Chaparral Wildlife Management Area: This area, encompassing 15,200 acres of quality South Texas brush country (Tamaulipan scrub), is managed primarily for wildlife research and management; it is enclosed by a deer-proof fence. Principal game species under study include white-tailed deer, javelina, feral hogs, Northern Bobwhite, and Scaled Quail.

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