206 Acres in Santa Maria, CA - $10,280,000
Dierberg Ranch
The Property consists of a total of 206.4 acres, and is comprised of three Assessors Parcels, including two legal parcels. There is approximately 160 acres that are leased for farming operations and about five acres that contain the residential rental. The balance of the acreage is a non-productive drainage area. An un-named County road runs south from the Orcutt-Garey Road through and bisects the Property. This road is also used by a neighboring parcel.
Formerly a vineyard, the Property is now currently farmed to vegetable crops. Historic crop production includes broccoli, strawberries, peppers, squash and peas. There is an existing lease in place with a grower that started farming the Property in March of 2023. The lease is for 160 acres at $2,800 per acre annually with a provision to reduce rent by 3% for timely payment. Therefore, annual farming rent is $434,560. The lease terminate...
Formerly a vineyard, the Property is now currently farmed to vegetable crops. Historic crop production includes broccoli, strawberries, peppers, squash and peas. There is an existing lease in place with a grower that started farming the Property in March of 2023. The lease is for 160 acres at $2,800 per acre annually with a provision to reduce rent by 3% for timely payment. Therefore, annual farming rent is $434,560. The lease terminates 12/31/25. The lease includes the use of an 1,800 s.f. metal building and yard area.
Additionally there is a five bedroom/four bath house that is leased to a special needs care facility which has been leasing the property since 1996,and brings in $97,896 rent annually.
