Central California Pistachios & Farmland Kings County, California

Transcription

1 Kings County, California 5,014.93± Assessed Acres District water, well water and ditch stock Young pistachios Additional land to plant permanent crops and/or to mitigate SGMA Tax benefits Good locations Exclusively Presented by: Pearson Realty Offices Serving The Central Valley FRESNO VISALIA BAKERSFIELD 7480 N. Palm Ave, Ste S. Demaree Street 1801 Oak Street, Ste 159 Fresno, CA Visalia, CA Bakersfield, CA DRE #

2 5,014.93± 5,014.94± Assessed Acres - Kings County, CA Property Aerial Niles Ave 9th Ave West Corcoran 7 1/2 Ave 7th Ave 43 Orange Ave Whitley Ave Corcoran 137 Ave 170 Ave 176 Road 16 Quebec Ave Ave 144 6th Ave 43 Southwest Corcoran Racine Ave 4th Ave Ave 112 Angiola

3 5,014.93± 5,014.94± Assessed Acres - Kings County, CA Property Details DESCRIPTION: This 5,014.93± assessed acre opportunity is in the closely held farming area of Corcoran, Ca. The land is planted to ± acres of Pistachios, and 4,104.20± acres are used for row and field crops, with the balance land being for the shop areas, roads, ditches and canals. The land has proven to be well suited for its current use and the remaining farmland may be well suited to develop additional pistachios and/ or for mitigation for SGMA. The offering has 1 shop with fenced equipment yard, and 1 pole barn. This investment grade opportunity offers income, Pistachios in production, tax benefits, good location, and both district water and well water. Price and terms: $80,539,000 (ave. blend price $16,060±/acre). Plus reimbursement for any farming costs toward 2019 crops. The 2018 crops are excluded. Seller to retain 50% of all mineral, oil and gas rights. WE COULD ADD ANOTHER PICTURE HERE LOCATION: There are 2 groupings of the landholdings all of which are close proximity to each other and the town of Corcoran, Ca: (1) W Corcoran - Just west of Corcoran, Niles Avenue to the north, Plymouth Avenue to the south, W Cross Creek Branch to the west and 7th Avenue to the east. (2) SW Corcoran - West side of 6th Avenue (Dairy Avenue) beginning at Racine Avenue. Approximately 21± miles south of Hanford, 232± miles south east of San Francisco, and 174± miles north of Los Angeles. Soils: Please refer to attached soil map for each block. Water: The offering has both district water and well water. The farm is located in and receives water from Corcoran Irrigation District. Included in the sale are the owner s Southeast Lake Water Company stock for water in Pine Flat Lake. Additionally, there are 2 non-active ag wells. The orchards are irrigated with single line drip to the youngest pistachio blocks and double line drip in the balance of the trees, each system has sand media filters. The shop on field 19 has a domestic well.

4 Property Details (cont.) assessor s parcel numbers, assessed acres, ZONING & WILLIAMSON ACT: Assessed County APN Acres Use/Field Entity Zoning Williamson Act Kings Co ± Pistachios, 16 BFT AG-40 Yes Kings Co ± Pistachios, 16 BFT AG-40 Yes Kings Co ± Pistachios, 16 BFT AG-40 Yes Kings Co ± Pistachios, 16 BFT AG-40 Yes Kings Co ± Pistachios, 16 BFT AG-40 Yes Total BFT ± Kings Co ± Row crops, 8 BF AG-40 Yes Kings Co ± Pistachios, 7 BF AG-40 Yes Kings Co ± Pistachios, 7 BF AG-40 Yes Kings Co ± Row crops, 18 BF AG-40 Yes Kings Co ± Row crops, 18 BF AG-40 Yes Kings Co ± Row crops, 17W & 20E BF AG-40 Yes Kings Co ± Row crops, 17E BF AG-40 Yes Kings Co ± Row crops, 20E BF AG-40 Yes Kings Co ± Pistachios, BF AG-40 Yes Kings Co ± Row crops, 21 BF AG-40 Yes Kings Co ± Row crops, 21 BF AG-40 Yes Kings Co ± Pistachios, BF AG-40 Yes Kings Co ± Row crops, 21 BF AG-40 Yes Kings Co ± Row crops, 20E & W BF AG-40 Yes Kings Co ± Row crops, 20E & W BF AG-40 Yes Kings Co ± Row crops, 19 & Shop BF AG-40 Yes Kings Co ± Row crops, 28 BF AG-40 Yes Kings Co ± Row crops, 22N & S BF AG-40 Yes Kings Co ± Row crops, 27N & S BF AG-40 Yes Kings Co ± Row crops, 34N & S BF AG-40 Yes Kings Co ± Row crops, 34N BF AG-40 Yes Total BF 4,777.66± Total BFT & BF 5,014.93±

5 Photos

6 Planting details Plantable Field Planted Acres ± Spacing ± Varieties Rootstock Irrigation ± 20 x17 Golden Hills/Randy UCB1 Drip ± Cotton N/A Flood ± 20 x17 Golden Hills/Randy UCB1 Drip ± 20 x17 Golden Hills/Randy UCB1 Drip 17E 209.5± Barley N/A Flood 17W 211.9± Cotton N/A Flood ± Cotton N/A Flood ± Barley N/A Flood 20W 362± Cotton N/A Flood 20E 354.8± Cotton N/A Flood ± Barley N/A Flood ± Barley N/A Flood 22N 293.7± Barley N/A Flood 22S 290.1± Cotton N/A Flood 27N 290.4± Alfalfa N/A Flood 27S 286.3± Cotton N/A Flood 34N 295.9± Cotton N/A Flood 34S 295.3± Barley N/A Flood Total All Plantable Acres 4,525± Total Pistachios 420.8± Total Row Crops 4,104.20± Pistachios Maturity Acres Percent Acres by Variety Acres Percent 20 to 9 years± 77.5± 18.42% 5 years± 124± 29.47% Golden Hills/Randy ± 100% 3 years± 219.3± 52.11% ± Production: Upon submission of an offer the Owner will provide detailed production records.

7 Farm Map W Crock Creek Ave Niles Ave 7 Golden Hills 18 SHOP DOMESTIC 19 9th Ave 17W 20W W Crock Creek Ave 8 17E 20E E Crock Creek Ave E Crock Creek Ave 16 Golden Hills NON-ACTIVE 7 1/2 Ave Golden Hills NON-ACTIVE TULE RIVER 2018 CROP MAP Orange Ave 7th Ave Whitley Ave Dairy Ave Dairy Ave Niles Ave Sherman Ave 6th Ave 11 Kerman Pickrell Ave 5th Ave BNSF RR Santa Fe Ave 13 Kerman State Rt 43 Waukena Ave LOT GIN YARD HOUSE DOMESTIC 4th Ave State Rt 43 Whitley Ave Quebec Ave Ave 144 Lower Tule Irrigation District 32N Kerman 32S Kerman Lower Tule Irrigation District DOMESTIC TULE RIVER Racine Ave 22N 22S 27N 6th Ave Salem Ave 4th Ave (County Line Rd) LEGEND COTTON BARLEY ALFALFA 27S Seatle Ave PISTACHIOS 34N 34S

8 APN Maps

9 APN Maps

10 Soil Map - 3,094.93± Assessed acres (fields; 7, 8, 16,16-21,17E & W, 18, 19, 20W & E, 21 & 28) 1 1 N Map unit symbol Map unit name Rating 101 Armona loam, partially drained 116 Gepford clay, sandy substratum, partially drained Grangeville sandy loam, 2 saline-alkali 124 Homeland fine sandy 3 loam, partially drained 134 Lakeside loam, partially drained Irrigated Capability Class Soil Map 167 Urban land 0.0% 168 N Vanguard sandy loam, % partially drained Totals for Area of Interest 100.0% W 3 Percent of AOI 49.9% 24.4% 2.2% 2.6% 1.9% W

11 Soil Map - 1,920± Assessed acres (fields; 22N & S, 27N & S, and 34 N & S) Map unit symbol Map unit name Rating 115 Gepford clay, partially drained Irrigated Capability Class Soil Map 3 Percent of AOI 83.1% 116 Gepford clay, sandy % substratum, partially drained Totals for Area of Interest 100.0%

12 Location Map Orange Ave 137 Whitley Ave 7 1/2 Ave state Map Pueblo Ave I-5 Plymouth Ave Stockton Oakland San Francisco Modesto DRE# Woodside Monterey Carmel Sacramento San Jose Salinas US 101 CA 1 Download Our Mobile App! 99 I-5 Merced Madera 180 Fresno Lemoore Hanford Visalia Corcoran Paso Robles Bakersfield I-5 Los Angeles US 15 San Diego San Bernardino Riverside US 40 US 10 US 8 43 Offices Serving The Central Valley FRESNO 7480 N. Palm Ave. Suite 101 Fresno, CA VISALIA 3447 S. Demaree St. Visalia, CA BAKERSFIELD 1801 Oak St. Suite 159 Bakersfield, CA