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Property Detail

Orcutt Garey Road
Formerly a vineyard, the Property is now currently farmed to vegetable crops.

$Unpriced

Description

Formerly a vineyard, the Property is now currently farmed to vegetable crops. Historic crop production includes broccoli, strawberries, peppers, squash and peas. There is an existing lease in place with a grower that started farming the Property in March of 2023. The lease is for 160 acres at $2,800 per acre annually with a provision to reduce rent by 3% for timely payment. Therefore, annual farming rent is $434,560. The lease terminates 12/31/25. The lease includes the use of an 1,800 s.f. metal building and yard area. Additionally there is a five bedroom/four bath house that is leased to a special needs care facility which has been leasing the property since 1996,and brings in $97,896 rent annually, bringing in a total annual income of $532,456.

3840 Orcutt Garey Rd - Dierberg Ranch

Listing ID : 01011

SKU: 1011

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