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0 Cottonwood Road
USD 3,400,000
Property ID: SN23175382
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0 Cottonwood Road ,95965
icon Land
icon 4356000 SqFt
icon Built in 0001
icon USD 1/SqFt
icon 0 Bed
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
0
Bathrooms
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Interior Size
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Construction Details
Property Type Land
Property Condition --
Architectural Style --
New Construction --
Year Built 0001
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Detailed Introduction Of This Home
This gorgeous 100 acre parcel consists of 80+/- acres of Super High Density Planting (HDP) Olive vineyard centrally located on Cottonwood Road between Hwy 99 & Hwy 70 in the middle of Butte County. The planting is on 13-foot by 5-foot spacing resulting in 670 trees per acre with the support of a trellis system. Owners strategically planned and developed this unique showpiece to make it one of a kind. WATER: Tremendous water with a 50HP Pump producing 2,500 gallons/minute provides irrigation through emitters on drip-line. Laser leveled and terraced for draining. PROFITABLE: Has a great Supplier Contract. BONUS: Strategically located in its close proximity to the major PG&E Substation makes this property perfect for Energy Contracts. Currently there is a Solar Option Contract with a National Energy provider (New Leaf Energy) to use 4-acres of the property and convert it into Large Scale Battery Storage. Once exercised, it will pay $15,000/acre per year ($60,000/year) with a 1.5% annual escalator for a minimum of 15 years with options to extend the lease (3) additional times for successive periods of 5 years each. DOUBLE BONUS: Sellers just received another contract from a different solar company for $3,500 per acre NET with yearly escalators for 50 more acres. If the battery storage contract at $15k/acre for 4 acres goes through, and this one at $3,500/acre then the net would start at $225,000. That plus the Net Income coming from the remaining Olive Vineyard of roughly $100,000 for a net income of around $325,000 which would make it a 9.55% CAP Rate to start with, and would be going up yearly. QUALITY: This vineyard was developed from the ground up to be a high quality & high yielding producer. Winning Gold Medals in the Los Angeles International Olive Oil Competition and Mid-State Fair in Paso Robles. BUILDING SITE: The property was designed as a showplace with a 3-acre pond wrapping around a acre building pad. Build your dream home or your own tasting room with a fantastic view of the Sutter Buttes. Borders Dove Ridge (2,400 acre Conservation Bank to the North) which will never be developed as well as PG&E land to the East which will also ensure that you have no neighbors building on top of you. Owners are only selling for Estate Planning purposes. Rarely do you find Agricultural investment that makes a terrific income!!!
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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0 Cottonwood Road
USD 3,400,000 0 Beds
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