649.74 Acres in Madera, CA - $19,000,000

Price Ranch Vineyard

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The Mendrin Group is pleased to exclusively represent for sale the Price Ranch Vineyard, 649.74 +/- gross assessed acres featuring 600 +/- potential net farmable acres, 575.97 +/- net acres of producing, planted winegrape vineyards and 73.77 +/- of supporting and ancillary land (including a residence and shop/headquarters). Property is located in the boundaries of the Madera Irrigation District (Class I water entitlement) within Madera County, California. Further details are described below.

649.74 +/- gross assessed acres located in Madera County, comprised of 600 +/- potential net farmable acres. Property is currently planted to 575.97 +/- net vineyard acres with 73.77 +/- acres of supporting and ancillary land which includes well sites, filter and booster stations, a Headquarters (with a Residence, Shop, and Yard), and dirt ...

Varietals planted include White Zinfandel (290.45 acres), Rubired (225.36 acres), and Syrah (60.16 acres), at 50%, 40%, and 10% of net planted acreage, respectively.

1997 to 2001 plantings, with a 5-year weighted average yield (2018 to 2022) of approximately 11.10 tons per acre.

Property contains approximately 81% NRCS Irrigated Capability Class I & II Soils (primarily the Visalia Fine Sandy Loam soil series).

Irrigation water is currently supplied to the vineyard blocks via 5 operating agricultural wells, pumping at a combined rate of approximately 2,730 +/- gallons per minute (GPM), which is distributed throughout the Property via PVC underground main and lateral pipelines to driplines with emitters. Flood valves are also located every third vineyard row.

Property is located in the Madera Irrigation District (MID) with Class I water entitlement.

The Wine Group (*2nd largest U.S. winery by case sales) is currently leasing the Price Ranch Vineyard via a triple-net lease which terminates in December 2023. (*Per a Wine Business Monthly Article - February 2023)

Vineyard is located in the Madera American Viticultural Area (AVA) and California Grape Pricing District 13.

Structural improvements include a 1,966 +/- square-foot Residence and 3,000 +/- square-foot Shop located at the Property Headquarters.

Purchase Price: $19,000,000 ($29,242 +/- per gross acre) all cash at the close of escrow.

Additional information, including a Due Diligence Data Room on the Property, is available for review after signing the Sellers Confidentiality & Non-Disclosure Agreement (CNDA). Please contact The Mendrin Group to obtain a copy of the CNDA for signature.

Private Property tours and inspections are strictly by appointment only with 48 hours prior notice by contacting The Mendrin Group.

Exclusive Seller Representation by The Mendrin Group.

Buyers/Recipients communications, viewing of the Property, Letter of Intent submissions, Property Due Diligence data requests, and Property Due Diligence site visits shall be directed only through The Mendrin Group.