Acquired: March 23, 2007
Square Footage: 462,717
Property Type: Industrial
Acquired: March 23, 2007
Square Footage: 462,717
Property Type: Industrial
1777 & 1803 Gears Road, Houston, TX
Average Monthly Cash Flow: $3,200
Estimated Annual Revenue: $38,400
Expected Annualized Return: 11%-12%
Amount Available: $288,000
Operators: Enterprise Energy
# of Producing Wells: 10
% Oil / % Gas: 90% Oil / 10% Gas
Property Notes: Permian Basin property with long‐life reserves and consistent production. Spacing for additional upside.
Average Monthly Cash Flow: $900
Estimated Annual Revenue: $10,800
Expected Annualized Return: 9%-10%
Amount Available: $120,000
Operators: OXY Resources
# of Producing Wells: 4
% Oil / % Gas: 70% Oil / 30% Gas
Property Notes: Central Basin Platform in the Permian Basin with Top ‐3 operator property with long‐life reserves and consistant production.