Property Description
240 Acres farm ground, located north of Strasburg. Property is purely an agricultural property, presently with minimal opportunity for development. Property is also part of an underground gas storage operation, where natural gas is injected below the surface to approximately 6,000 feet below the surface. This is an on-going lease that pays $4,460 annually with an increase every 5 years, and a farm lease that pays $5,040 annually with the farm lease terms for an additional 3 years on a cash lease basis. Property is relatively flat and is presently fallow, but will be planted beginning in late Summer/Fall. Crops have been wheat and dryland corn. Numerous injection wells are located on the property and are maintained by gas storage lessee, Colorado Interstate Gas. Possible owner financing available.
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