+/-50.5 Acres – Leasehold Almonds – Bakersfield, CA - Kern County

+/-50.5 Acres – Leasehold Almonds – Bakersfield, CA

• Location

• Property is located on S. Union Avenue, +/-0.5 miles south of Houghton Road in Bakersfield, CA.

• Size

• +/-50.5 Assessed Acres

• Plantings

• Property is planted to 50% Nonpareil – 50% Monterey Almonds on 35% BB106 and 65% BH5 Rootstock. Trees were planted in 2019 at 22′ x 14′ spacing.

• Water

• Property is located in Kern Delta Water District and part of Kern River GSA. There is a dual-line drip irrigation system in place with sand media filters and Cloud-Based Moisture Sensors.

• Legal

• Kern County APNs: 185-220-03, 185-230-02, 185-230-04

• Soil

• +/-100% Grade 1 – Excellent – Bakersfield fine sandy loam, drained, 0 to 1 percent slopes.

• 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 website at www.sgma.water.ca.gov/portal/ .

• Annual Lease Expense

• Base Rent + 5% of Gross Crop Proceeds

• Remarks

• This is not a Fee Simple Transaction.