50.45 acs. Los Banos Almonds
$756,750
Los Banos, CA
Status: Sale Pending
Acres: 50.45±
Price Per Acre: $15,000
Description
***OVERBID INFORMATION *** The hearing date for sale approval and overbid is scheduled for July 30th at 9:30 AM at the US District Court, 2500 Tulare Street, Department B, Courtroom 13 (5th floor), Fresno, CA 93721. The current accepted offer is $857,650. The minimum overbid amount is $907,650. The minimum subsequent overbid increment is $15,000. The sale is “As-Is”, with any due diligence of the property conducted and approved prior to the hearing date. The proposed purchaser has agreed that the sale of the almonds is subject to overbid prior to approval by the Bankruptcy Court. Prior to considering approval of the sale of the almonds, Plan Administrator requests the Court to entertain higher and better offers from qualified bidders. Plan Administrator requests the Court to utilize the following overbid procedure. 1. As a condition of its ability to submit an overbid, any overbidder must notify Plan Administrator of its intent to submit an overbid at least 3 court days prior to the hearing on this motion. 2. Any potential overbidder must submit documentation reasonably requested by Plan Administrator to establish the potential overbidder’s financial ability to close the transaction. 3. Immediately prior to the hearing on this motion any person wishing to submit an overbid must provide Plan Administrator with a deposit in the amount of $38,000 payable to Stewart Title Company. 4. Any overbidder must submit its bid(s) on the same terms and conditions as set forth in the offer and counter offers, except that the price component shall be fixed at the amount of the successful overbid. Within one day following submission of a successful overbid, the bidder must provide Plan Administrator with a signed contract on the terms and conditions set forth in the original offer and counter offers, except as to price. 5. Closing shall be 15 days following the court approval of the successful bid. *** Please contact agents for additional information. *** Opportunity to purchase a 50.45± assessed acre producing almond ranch just southwest of Los Banos. The ranch was planted in 2015 to Monterey, Nonpareil and Wood Colony varieties and is made up of predominately Grade 1 excellent soils.
Location
The subject property is located approximately 4.5± miles southwest of the city of Los Banos off Canyon Rd. The best way to access the property is via Pioneer Rd and then head south on Canyon Rd for roughly half a mile and the ranch will be on the east side of the road.
Legal
083-190-037
Water
The ranch has one (1) 30 HP ag well on the property that is shared with the neighbor to the north. The trees are irrigated via dual line drip. Located in the Central Delta-Mendota GSA.
Zoning
A-1 (General Agriculture)