Irrigated Hay Farm w/ Potential for Significant Additional Income Potential
292.297 acre working farm with loads of opportunities for ancillary income. The property includes a 110 acre pivot with established coastal, 1,740' deep Carrizo irrigation well capable of producing 1,500 + gpm, a 36x100 metal pole barn, 2 mobile homes, pad site with all utilities in place (formerly rented for a mobile office), freshwater sales facility (frac pond w/ vacuum pump stations & lighting for 24 hour use), and a former "Man Camp" with infrastructure to support up to 16 mobile homes.
During the height of the oilfield activity the freshwater sales were in excess of $200,000 per year, the lease paid to the farm for the man camp was $8,000 per month (farm had no responsibility for management and did not own any of the man camp housing), the lease paid for the office trailer pad was $600 per month and the tenant paid their own utilities. With the downturn in oil prices these income...
During the height of the oilfield activity the freshwater sales were in excess of $200,000 per year, the lease paid to the farm for the man camp was $8,000 per month (farm had no responsibility for management and did not own any of the man camp housing), the lease paid for the office trailer pad was $600 per month and the tenant paid their own utilities. With the downturn in oil prices these income streams have all but ceased. In pricing the farm, the owner placed very limited value on these former money making improvements. The possibility for their return is still very real and we felt it was important to mention them in this property offering.
