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Delhi, CA, 95315 • 95315 • Merced County
$62/sqft
1,694Sqft
31 acLot
1953Built
Demand and pricing signals for this listing
$62/sqft
Price per square foot
Lot · Built 1953
Great opportunity to purchase a turn-key Agribusiness. This 31 acre property has a contract to sell its Freestone Peaches to Dole Foods for the next 6 years. Trees were planted about 7 years ago with 13-18yrs life expectancy left. Income should total about $396k for 2015, while expenses should total about $120k, making the cap rate on this about 11% (above info is per seller, buyer to verify). Seller would consider leasing back, or working the land, if desired by the buyer.
Based on current rates
Est. 6.75% rate · 30yr fixed · $83,764 loan
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3 schools rated nearby
Delhi, CA, 95315
2 events
25 years of records
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Delhi, CA • Merced County
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