23K Of Ranch Land With Mountain Views Up For Sale In West Texas

AUSTIN, TX — For sale: 23,000 acres of land in Far West Texas. Slight fixer-upper given low-growing scrub brush but a fine piece of Lone Star State real estate surrounding by scenic mountains and the big West Texas sky.

CBRE on Tuesday announced it's representing the General Land Office of Texas in the sale of more than 23,000 acres fronting FM 1111, just north of Interstate 10 in Sierra Blanca. The site is about an hour's drive east of El Paso, Texas.

The ranch land is relatively flat, open range, with typical patches of grass and the aforementioned low-growing scrub brush. CBRE officials note the property is improved by a 6,000-foot by 75-foot runway for fly-in and out access. In addition to the airstrip, there is a small hangar with room for two small aircrafts along with an interior conditioned office.

Eric DeJernett with CBRE and Alton Setliff with Southwest Commercial are representing the General Land Office in the sale. CBRE officials stressed this sort of land doesn't often come up for sale.

“This is a rare opportunity to buy an extremely large contiguous ranch with its own private FAA rated airfield for true fly-in and out West Texas life,” Eric DeJernett, CCIM, Senior Vice President at CBRE, said. “The property is ideal for one very large secluded ranch or a buyer looking to develop a cluster of several large ranches that might share amenities such as the airstrip.”

CBRE and Southwest Commercial will be actively marketing the property to secure the highest and best price for the GLO.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.