SMITH CANYON FARM PASCO, WA

Transcription

1 SMITH CANYON FARM PASCO, WA SALES BROCHURE BROKER: Robert M. Tippett and Charles Laird Tippett Company of Washington 2815 St. Andrews Loop Pasco WA Office:

2 EXECUTIVE SUMMARY : The offering can be summarized as +/ 1, gross acres of which +/ 1,104 acres are under pivot and which is located approximately 4 miles from the City of Pasco, WA. The farm is irrigated from 6 shallow wells with permitted water rights. The soils are predominantly fine sandy loams and the offering includes a +/ 2,000 square foot residence, a shop / machine shed, equipment shed and a 13,000 ton capacity potato storage. SALES PRICE: $16,670,000 Page 1 of 10

3 REAL ESTATE: The real estate is located in Franklin County, WA and comprised of twelve (12) tax parcels. TAX PARCEL # GROSS ACRES ASSESSED VALUE LAND IMPROVEMENTS 2016 PROPERTY TAX $750,300 $ 3, $535,300 $ 2, $3,349,800 $ 17, $941,800 $ 4, $318,400 $ 1, $366,800 $ 1, $319,200 $ 1, $27,700 $1,831,600 $ 24, $207,200 $156,100 $ 3, $27,600 $ $3,803,900 $ 19, $952,500 $1,300 $ 4, TOTALS 1, $11,600,500 $1,989,000 $86, OWNERS: William B. and Sharon K. Strebin ZONING: AP 20 ATTACHMENT 1 ZONING ORDINANCE RESIDENCE: 3 bedroom 2 bath +/ 2,000 sf rambler / basement Built in Domestic well which is also provides water to the shop / machine shed and potato storage. UTILITY BUILDINGS: 864 sf Utility Building 1250 sf Enclosed Shop 3750 sf Equipment Shed SOILS SUMMARY: see ATTACHMENT 2 SOILS SUMMARY. WSU WEATHER DATA: WSU Smith Canyon East weather station is located adjacent to the farm. Average frost free days for the last 10 years is 179. PHOTOGRAPHS: Can be viewed at Page 2 of 10

4 SMITH CANYON FARM ACREAGE BREAKDOWN: Under Pivot Potato Storage Home, Shop / Machine Shed, Staging Area Other +/ 1, / / 10.00* +/ , *Approximately 20 acres of Circle 5 swings onto tax lot Seller is willing to isolate the home, shop etc. on its own tax lot, by boundary line adjustment. If a boundary line adjustment is done, a well sharing agreement will be required for the domestic well that serves the home, utility buildings and potato storage. The domestic well is located next to Circle 4 on the west side of the farm see Irrigation System and Field Map on Page 7. Page 3 of 10

5 TOPOGRAPHY: The farm sits at an elevation of roughly 500 feet with a mixture of flat, undulating and rolling topography. WATER RIGHTS SUMMARY: The following permitted water rights are included in the sale: PERMIT # GPM AC. FT. AC G G TOTAL 11,070 4,185 1,104 Copies of the permits can be found in ATTACHMENT 3 WATER RIGHTS. Each of the permits state; This authorization for the withdrawal of public ground waters within the boundaries of the Columbia Basin Project is based, on a tentative conclusion that public ground waters are available. If, however, it is subsequently determined by the Department that public ground waters Page 4 of 10

6 are not available in the amounts authorized for withdrawal, the Department shall, by order of notification, withdraw or modify the authority granted therein as may be appropriate. In accordance with WAC (2)(b), no certificate of water right as provided for in RCW , shall be issued by the Department of Ecology until such time as a more definite determination can be reached as to the availability of public ground waters in an area described in WAC (3). POTATO STORAGE: The storage was designed by Jerry Matson and built in 2002 by Storage Systems NW. The refrigeration was installed by JMC. EQUIPMENT QUANTITY Capacity 13,000 Ton Dimensions (130 x 312 ) Fan House (52 x 40 ) Fresh Air Doors (72 x 60 ) 6 Storage Bays with Center Air Plenum 2 JMC Freedom Control System (Potato Program, has 2 yr. warranty) 2 JMC Control Panels (updated in 2016) 2 35 hp Compression Refers 6 48 Fan w/ 20 hp Motor VFD (264, sp rpm) 6 H Cell with Stainless Tank (20 x 12 x 18 ) 2 46 x 46 Exhaust Louvers 14 20AOCM105 RSI Condensing Units w/ time defrost 2 Evap Coils (480 sf 4 row 5/8 6fpi 95/ ton) 1 Humidifier Units in air plenum 8 21 Perforated Pipe on 6 Centers for air delivery POTATO STORAGE POWER COSTS: MONTH January $ 6, $ 3, February $ 5, $ 2, March $ 4, $ 4, April $ 5, $ 5, May $ 6, $ 3, June $ 6, $ 2, July $ 6, $ 3, August $ 5, $ 4, September $ 5, $ 1, October $ 6, $ 2, November $ 6, $ 5, December $ 4, $ 4, TOTAL $70, $45, Page 5 of 10

7 From January through September 2015 the storage was 100% full. In 2016 the storage was leased for $10.50 per ton with the tenant paying utilities and partially full. IRRIGATION SYSTEM: The irrigation system is interconnected so that water can be moved around the farm from each source. All buried mainline and laterals are PVC. Seller maintains that crossing permits for Foster Wells Road and the Khalotus Highway are in place. See Irrigation System and Field Map below on Page 7 for pipe sizes. IRRIGATION POWER COST: Spread over 1,104 acres. YEAR TOTAL PER AC $131,000 $ $142,000 $ $140,000 $126 IRRIGATION EQUIPMENT: CIRCLE # MAKE YEAR # TOWERS LENGTH ACRES MAINTENANCE DATE 1 Valley , Partial Re Pipe Valley , Re Piped Valley , Re Piped Valley , Re Piped Valley , Re Piped Valley , Re Piped Zimmatic , Partial Re Pipe Valley Re Piped Valley Re Piped Valley , Re Piped Valley CC 1, Re Piped Zimmatic Partial Re Pipe 2015 K15 Zimmatic TOTAL 1,104 Page 6 of 10

8 IRRIGATION SYSTEM AND FIELD MAP: Page 7 of 10

9 WELLS: The subject property is irrigated from 6 wells and 1 irrigation pond equipped with 5 booster pumps. Well s 1 & 2 are located offsite approximately 1 mile from where they supply water to the pond. See ATTACHMENT 4 OFFSITE WELLS 1 & 2. Wells 8 & 10 are also located offsite on a parcel that will be retained by sellers. Sellers shall establish perpetual access and maintenance easement rights for Wells 8 & 10 prior to closing. See Irrigation System and Field Map below on Page 7. WELLS INFORMATION: WELL MOTOR DEPTH DATE STATIC LEVEL HEAD TYPE GPM PUMP #1 200 H.P Soft Start 3730 LAYNE BOWLER WESTINGHOUSE #2 200 H.P. GE Soft Start 3550 LAYNE BOWLER #3 50 H.P. Submersible #4 DOMESTIC WELL #5 20 H.P. Submersible #8 125 H.P. US LAYNE BOWLER # H.P. GE LAYNE BOWLER TOTAL 10,720 WELL MAINTENANCE: The sellers have never had to check the condition of the bowls. STORAGE POND: The pond is not lined; approximately 1 acre in size, +/ 8 feet deep and is currently utilized in the irrigation program. The low volume from Well 5 is used to slowly fill the pond at the beginning of the season. When there is enough water in the pond to absorb the heavy volume from Wells 1 and 2, one of these wells is then used to complete finish filling and maintain peak volume in the pond. During peak season Wells 1, 2, 3, 5 and the pond are primarily used to irrigate the north portion of the farm (+/ 886 acres). Wells 8 & 10 are primarily used to irrigate the two large circles on the south side of Khalotus Highway (+/ 218 acres). A screw compressor is used to push air through the pond intake pipes in order to keep the screens clean of algae and other weeds. This is usually done once per week and the owner reports that it works well. BOOSTER STATION MOTOR TYPE GPM PUMP A 75 H.P. US 1000 LAYNE BOWLER B 150 H.P. WESTINGHOUSE VFD 1800 LAYNE BOWLER C 100 H.P. US 1400 LAYNE BOWLER D 100 H.P. US 1400 LAYNE BOWLER E 75 H.P. US 1000 LAYNE BOWLER TOTAL 6500 BOOSTER STATION MAINTENANCE: Motor E was replaced in Motor C was re wound in Page 8 of 10

10 ROTATION HISTORY: CIRCLE # ACRES Wheat Potato Wheat Barley Garlic Potato Field Corn Field Corn Field Corn Potato (Rented) Wheat Field Corn Potato Field Corn Barley Field Corn Field Corn Potato Field Corn Barley 5 84 Field Corn Potato Wheat Garlic Hay / Field Corn Wheat Garlic Potato Field Corn Barley Field Corn Potato Wheat Bean Garlic 8 68 Field Corn Potato Wheat Garlic Hay / Field Corn 9 64 Potato Wheat Field Corn Barley Potato (Rented) Potato Field Corn Potato Field Corn Sweet Corn Potato Wheat Garlic Bean Potato Potato Field Corn Field Corn Bean Potato Field Corn Potato Field Corn Barley Field Corn 1,104 SALES PRICE BREAKDOWN: REAL ESTATE IRRIG. ACRES $ /ACRE TOTAL NORTH SIDE 886 $ 13, $ 11,518, SOUTH SIDE 218 $ 14, $ 3,052, $ 14,570, IMPROVEMENT UNITS $ / UNITS POTATO STORAGE 13,000 TONS $ $ 1,750, HOME AND UTILITY BUILDINGS $ 350, $ 2,100, PROPERTY DISCLOSURES: There are two buried fuel tanks located on the south side of the green utility building: 1,000 Gallon Diesel tank 500 gallon gasoline tank. TOTAL $ 16,670, There is a buried 8 pressurized petroleum pipeline that runs through the property that is believed to be owned by Chevron. The pipeline is fairly shallow and requires attention when farming around it. See Irrigation System and Field Map on Page There are at least 3 additional onsite wells which have been decommissioned or are no longer in use. Page 9 of 10

11 AGENCY DISCLOSURE: Washington real estate law requires all brokers and salespersons to provide each Principle in a real estate/water right transaction a pamphlet on The Law of Real Estate Agency before any written agreements are signed. As a Principle in a possible real estate transaction, I hereby acknowledge receipt of a pamphlet entitled The Law of Real Estate Agency from Tippett Company of Washington, LLC. In this possible real estate transaction, I further acknowledge that Tippett Company of Washington, LLC is representing: BUYER: SELLER: NO YES BY: DATE: Page 10 of 10