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: $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.
Average Monthly Cash Flow: $5,000
Estimated Annual Revenue: $60,000
Expected Annualized Return: 11%-12%
Amount Available: $400,000
Operators: Marathon, Devon
# of Producing Wells: 17
% Oil / % Gas: 75% Oil / 25% Gas
Property Notes: Major operators in the heart of the Eagle Ford Shale region. Good mix of both oil and NGL’s (natural gas liquids).