Manning Ave, San Joaquin, CA

$810,000

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5,889,748

Square feet

135.21

Acres

About Manning Ave

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 & 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.

Features of Manning Ave

MLS® # 606407
Price $810,000
Bathrooms 0.00
Square Footage 5,889,748
Acres 135.21
Type Farms and Ranches
Sub-Type Nut Crops
Status Active

Community Information

Address Manning Ave
Area 660
City San Joaquin
County Fresno
State CA
Zip Code 93660

Amenities

Utilities None
Has Pool No

School Information

District San Joaquin
Elementary San Joaquin
Middle San Joaquin
High San Joaquin

Additional Information

Date Listed January 4th, 2024
Days on Market 100
Foreclosure No
RE / Bank Owned No

Listing Details

Agent Scott A. Schuil
Office Schuil Ag Real Estate Inc.

Listing Map

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