development opportunity for sale · 2017. 9. 10. · development opportunity for sale 1392 west fm...

DEVELOPMENT OPPORTUNITY FOR SALE1392 West FM 117 | Dilley

BRENTLEY BRINEGAR, CCIM, Brokerbb@512texas.com | 512-940-0188 | 512texas.com

409 W Main | Round Rock, TX 78664

The material contained in this memorandum is based in part on information furnished to Brinegar Properties by sources deemed to be reliable. The information is believed to be accurate in all material respects, but no representations or warranty,express or implied is made by any party. Nothing contained herein should be relied upon as a promise or representation as tothe future. Recipients should conduct their own investigation and analysis of the transaction described herein.

FEATURES

• $595,000• Approximately 9.99 Acres• Water Pit operation and 80 RV Slips• Access from FM 117 and Miller Ln, Located along IH 35 • Current income approx. $1K/mo from water pit• RV Park is vacant – needs an operator

• Excellent site at Interstate 35 & FM 117• Easy access• City water and wastewater• Electric to site• 2 wells – approx. 100 GPM and 230GPM (2013) Cook Mountain

• Water pit capacity is approx. 30,000 barrels

BRENTLEY BRINEGAR, CCIM, Brokerbb@512texas.com | 512-940-0188 | 512texas.com

409 W Main | Round Rock, TX 78664

The material contained in this memorandum is based in part on information furnished to Brinegar Properties by sources deemed to be reliable. The information is believed to be accurate in all material respects, but no representations or warranty,express or implied is made by any party. Nothing contained herein should be relied upon as a promise or representation as tothe future. Recipients should conduct their own investigation and analysis of the transaction described herein.

DEVELOPMENT OPPORTUNITY1392 West FM 117 | Dilley

Dilley Water Sales Net Income

2013: $167,5032014: $134,6432015: $40,5722016: $16,4322017: $11,250 (as of 7-31-17)

Dilley RV Park Proforma Income(park was leased to operator who defaulted on lease)

80 Slips at $375 per month: $30,000Expenses estimated at $150/space/month $12,000Net Monthly Income: $18,000Net Annual Income: $216,000

FINANCIAL DATA

BRENTLEY BRINEGAR, CCIM, Brokerbb@512texas.com | 512-940-0188 | 512texas.com

409 W Main | Round Rock, TX 78664

The material contained in this memorandum is based in part on information furnished to Brinegar Properties by sources deemed to be reliable. The information is believed to be accurate in all material respects, but no representations or warranty,express or implied is made by any party. Nothing contained herein should be relied upon as a promise or representation as tothe future. Recipients should conduct their own investigation and analysis of the transaction described herein.

DEVELOPMENT OPPORTUNITY1392 West FM 117 | Dilley

NOI has ranged from $72,000 to 362,000 and could be much higher (RV park was a ground lease). Potential to redevelop RV park into manufactured home long term rentals.

RV SITE LAYOUT

BRENTLEY BRINEGAR, CCIM, Brokerbb@512texas.com | 512-940-0188 | 512texas.com

409 W Main | Round Rock, TX 78664

The material contained in this memorandum is based in part on information furnished to Brinegar Properties by sources deemed to be reliable. The information is believed to be accurate in all material respects, but no representations or warranty,express or implied is made by any party. Nothing contained herein should be relied upon as a promise or representation as tothe future. Recipients should conduct their own investigation and analysis of the transaction described herein.

DEVELOPMENT OPPORTUNITY1392 West FM 117 | Dilley

BRENTLEY BRINEGAR, CCIM, Brokerbb@512texas.com | 512-940-0188 | 512texas.com

409 W Main | Round Rock, TX 78664

The material contained in this memorandum is based in part on information furnished to Brinegar Properties by sources deemed to be reliable. The information is believed to be accurate in all material respects, but no representations or warranty,express or implied is made by any party. Nothing contained herein should be relied upon as a promise or representation as tothe future. Recipients should conduct their own investigation and analysis of the transaction described herein.

DEVELOPMENT OPPORTUNITY1392 West FM 117 | Dilley

Dilley

Big Wells

The material contained in this memorandum is based in part on information furnished to Brinegar Properties by sources deemed to be reliable. The information is believed to be accurate in all material respects, but no representations or warranty,express or implied is made by any party. Nothing contained herein should be relied upon as a promise or representation as tothe future. Recipients should conduct their own investigation and analysis of the transaction described herein.