380.51 Acs. MC Farms-Almonds
This MC Farms almond offering includes 260.51 acres of fee simple property and a 120 acre leasehold interest. The northern block consists of approximately 210 acres planted to Nonpareil, Wood Colony, and Monterey varieties. The southern block consists of 160 acres with Nonpareil, Wood Colony, and Aldrich varieties, and of that 160 acres, 120 acres is a leasehold interest with 15 years remaining on the lease. Lease Summary: Premises: 120 acres; Fresno County APN: 017-080-74s. Lease Term: 23 years from January 1, 2016 through December 31, 2038. Annual Rent: $60,000.00 ($500/acre) due on January 15th of each year. Option to Renew: At fair market value. Expenses: Lessee shall be responsible for all expenses and maintenance: taxes, insurance, utilities, water costs, etc. Assignment: Lessors written consent is required for assignment of lease.
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The property consists of two blocks of almonds located 4 miles apart situated near Jenson Avenue east of I-5. The northern property is located on the east side of W. Brannon Avenue at W. California Avenue, adjacent to the California Aqueduct. The southern property is located on the south side of W. North Avenue just east of S. Russell Avenue and I-5.