Land for sale

Overview

This is a Leasehold Purchase+/-135.21 Ac. - Almond Leasehold Purchase - San Joaquin, CA. Property is located on the south side of Manning Avenue btwn S. Yuba and S. Placer Avenue in San Joaquin, CA.Property is planted to 9th leaf Almonds, which are transitioning to an organic orchard (estimated organic certification is expected within 2024). Trees were planted in March 2015 on Hansen Rootstalk with a spacing of 22 x 15.+/-50% Nonpareil+/-25% Monterey+/-25% Wood Colony.Property is located in James Irrigation District and part of James GSA. There is a drip irrigation system in place and weedmats, which offer minimal weed management costs compared to other orchards.Sustainable Groundwater Management Act (SGMA) requires groundwater basins to be sustainable by 2040. SGMA requires a Groundwater Sustainability Plan (GSP) by 2020. Said plans may limit ground water pumping. For more information please visit the SGMA website at www.sgma.water.ca.gov/portal/.RemarksThe purchaser is acquiring the trees ONLY and will be entering into an ongoing lease agreement. The lease duration extends until October 1, 2036, with the inclusion of five (5) one-year extension options. The rental fee is set at $500 per acre, subject to a 2% annual escalation beginning in 2021. Furthermore, bonus rent applies to any income exceeding $4, 000 per ac.