Pearson Realty

380.51 acs. M C Farms - Almonds

$2,830,000

La Jolla Ranch, CA

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Status: For Sale
Acres: 380.51±
Price Per Acre: $7,437


Description

This MC Farms almond offering includes 260.51± acres of fee simple property and a 120± acre leasehold interest. The northern block consists of approximately 117± acres planted to Nonpareil, Wood Colony, and Monterey varieties and 93± acres of fallow almonds. The southern block consists of 160± acres with Nonpareil, Wood Colony, and Aldrich varieties, and of that 160± acres, 120± acres is a leasehold interest with 16 years remaining on the lease. Lease Summary: Premises: 120 acres; Fresno County APN: 017-080-74s. Lease Term: 23 years from January 1, 2016 through December 31, 2038. Annual Rent: $60,000.00 ($500/acre) due on January 15th of each year. Option to Renew: At fair market value. Expenses: Lessee shall be responsible for all expenses and maintenance: taxes, insurance, utilities, water costs, etc. Assignment: Lessor’s written consent is required for assignment of lease.


Location

The property consists of two blocks of almonds located 4± miles apart situated near Jenson Avenue east of I-5. The northern property is located on the east side of W. Brannon Avenue at W. California Avenue, adjacent to the California Aqueduct. The southern property is located on the south side of W. North Avenue just east of S. Russell Avenue and I-5.


Legal

019-230-55s, 66s; 019-020-46s; 017-080-73 (fee simple) 017-080-74s leasehold


Water

The parcels are located within the Westlands Water District and are entitled to receive surface water. There is one (1) pump and well located on the northern block. The 1,200’ deep well was drilled in 2014, and it is equipped with 16” casing and a 400 HP variable speed turbine pump with the ability to blend district and groundwater.


Zoning

Parcels 019-020-46s, 019-230-55s and 019-230-66s - AE-20, Agricultural Exclusive - 20 acres. Parcels 017-080-73 and 017-080-74s – AR-40, Agricultural Exclusive – 40 acres. The parcels are within the Williamson Act Contract.

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