Property ID : Giannetto
For Sale - New $9,100,000 (+/-$39,960 per acre) - Citrus, Open & Row Crops, Permanent Planting
+/- 227.73 Acres – Diversified Citrus & Open Land (Turn-key portfolio) – Terra Bella, CA
The +/-227.73 acres of diversified citrus, and open ground ready for planting, is made up of 13 ranches all within close proximity of each other. +/-5.3 miles separate the north ranch and south ranch. 10759 Rd 248, Terra Bella, CA 93270 is the main address for the north ranch, which includes homesites and a shop.
+/-227.73 Assessed Acres
Strategically developed mixed variety of in-demand specialty citrus, navels, valencias, and open ground (ready for planting and ideal for citrus or pistachios). The planted citrus maintains strong and stable production. Crop is currently shipped to Porterville Citrus Inc (PCI)/Sunkist. Professionally and actively maintained. See profile pages for detailed planting information.
- +/-79 Acres of Navels – making up 35% of portfolio.
- +/-73 Acres of Specialty Citrus – making up 32% of portfolio.
- +/-54 Acres of Open Land – making up 24% of portfolio.
- +/-22 Acres of Valencias – making up 10% of portfolio.
All ranches are Global GAP certified.
The property is located in Terra Bella Irrigation District (TBID). All specialty citrus, valencia, and open ground receives water via TBID. This accounts for ~76% of the portfolio. These parcels have one (1) or more TBID turnouts to access water. Two (2) of the ranches, approximately 24% of the portfolio, do not receive water from the district. These two (2) parcels have Ag and domestic wells. The plantings on the two properties outside of district access are navels. Property is within the Eastern Tule GSA and subject to SGMA.
An independent third-party commissioned water report of the portfolio and plantings is available to qualified buyers.
- Frost Protection
Property has numerous working wind machines strategically located throughout the plantings.
There is a home and a shop on the property. Sellers to maintain access to homesite and shop for up to one (1) year after close of escrow.
See profile pages for soil information.
Tulare County APNs: 304-080-006, 320-280-015, 320-280-010, 304-050-032, 304-050-012, 304-070-030, 321-050-009, 304-160-031, 320-260-003, 321-050-013, 323-310-018, 323-310-017, 323-101-002, 304-160-019, and 304-160-001.
- Groundwater Disclosure
The 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 web site at www.sgma.water.ca.gov/portal/ .
Investment grade income-generating turnkey portfolio of diversified citrus and open ground (ready for planting citrus or pistachios) at scale. The specialty citrus blocks have all been planted within the last ~12-15 years with significant economic life. The plantings were strategically developed in coordination with Porterville Citrus Inc. (PCI) for portfolio diversification of highly sought after citrus varieties. The open ground, ready for planting, is surrounded by professionally maintained citrus and pistachio orchards. This is a portfolio sale of all 227.73 acres. Parcels will not be partitioned off or sold separately. All ranches are Global GAP certified. Sellers will maintain access to homesite and shop for one (1) year after close of escrow.
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