Pearson Realty. Kings and Tulare Counties, California. 5,813.68± Assessed Acres

Transcription

1 CENTRAL CALIFORNIA PISTACHIOS & FARMLAND Kings and Tulare Counties, California 5,813.68± Assessed Acres District water, well water and ditch stock Full production and 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 PROPERTY AERIAL Niles Ave 9th Ave WEST CORCORAN 7 1/2 Ave 7th Ave 43 Orange Ave Whitley Ave Corcoran Lot 137 NORTHEAST CORCORAN Ave 170 Ave 176 Road 16 SOUTHEAST CORCORAN Quebec Ave Ave 144 6th Ave 43 SOUTHWEST CORCORAN Racine Ave 4th Ave Ave 112 Angiola

3 PROPERTY DETAILS DESCRIPTION: This 5,813.68± assessed acre opportunity is in the closely held farming area of Corcoran, Ca. The land is planted to 1,160.80± acres of Pistachios, and 4,104.20± acres are used for row and field crops, with the balance land being for the home and 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 well-appointed owner s home, 1 shop with fenced equipment yard, and 1 pole barn. This investment grade opportunity offers income, Pistachios in full production, tax benefits, good location, and both district water and well water. LOCATION: There are 4 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) NE Corcoran - SWC of Niles and 5th Avenue, and SWC of Orange Avenue and 4th Avenue. (3) SW Corcoran - West side of 6th Avenue (Dairy Avenue) beginning at Racine Avenue. (4) SE Corcoran - North side of Avenue 144, ¼ mile east of HWY 43. Approximately 21± miles south of Hanford, 232± miles south east of San Francisco, and 174± miles north of Los Angeles. The physical address of the residence is 85 Orange Avenue, Corcoran, CA (do not disturb the residents). receive water from Lower Tule Irrigation District. Included in the sale are the owner s Southeast Lake Water Company stock for water in Pine Flat Lake. Additionally, there are 4 active ag wells and 3 non-active ag wells. The active wells are equipped with electric motors. 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 owner s home in field 13 is connected to Corcoran city water and has a domestic well. The shop on field 19 has a domestic well. PRICE AND TERMS: $108,000,000 or $18,577±/acre. Plus reimbursement for any farming costs toward 2019 crops. The 2018 crops are excluded. Portions of fields 11 and 13 are impacted by high speed rail. Contact listing agent for detaills. Seller to retain a life estate for the home located on APN Seller to retain 50% of all mineral, oil and gas rights. SOILS: Please refer to attached soil map for each block. WATER: The offering has both district water and well water. 5,335.27± acres are located in and receive water from Corcoran Irrigation District and ± acres are in and

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 ± House/Pistachios Blk 13 BFT AG-40 No 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 ± Potential well site/lot BF AG-40 No Kings Co ± Pistachios, 13 BF AG-40 Yes Kings Co ± Pistachios, 13 BF AG-40 No Kings Co ± Pistachios, 13 BF AG-40 Yes Kings Co ± Pistachios, 13 BF AG-40 No Kings Co ± Pistachios, 11 BF AG-40 No 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 Tulare Co ± Pistachios, 32N &S BF AE-40 Yes Total BF 5,568.63± Total BFT & BF 5,813.68±

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 x19 Kerman/Peters Pioneer Gold Drip ± 20 x19 Kerman/Peters Pioneer Gold Drip ± 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 32N ± 20 x19 Kerman/Peters Pioneer Gold Drip 32S ± 20 x19 Kerman/Peters Pioneer Gold Drip Total All Plantable Acres 5,265.0± Total Pistachios 1,160.80± Total Row Crops 4,104.20± Pistachios Maturity Acres Percent Acres by Variety Acres Percent 20 to 9 years± 817.5± 70.43% Kerman/Peter ± 63.75% 5 years± 124± 10.68% Golden Hills/Randy ± 36.25% 3 years± 219.3± 18.89% 1,160.80± 1,160.80± 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 SOIL MAP - 3,094.93± ASSESSED ACRES (fields; 7, 8, 16,16-21,17E & W, 18, 19, 20W & E, 21 & 28) IRRIGATED CAPABILITY CLASS SOIL MAP

9 SOIL MAP - 1,920± ASSESSED ACRES (fields; 22N & S, 27N & S, and 34 N & S) IRRIGATED CAPABILITY CLASS SOIL MAP

10 SOIL MAP ± ASSESSED ACRES (field 32N & S) IRRIGATED CAPABILITY CLASS SOIL MAP

11 SOIL MAP - 40± ASSESSED ACRES (field 11) IRRIGATED CAPABILITY CLASS SOIL MAP IRRIGATED CAPABILITY CLASS SOIL MAP SOIL MAP ± ASSESSED ACRES (field 13)

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