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.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
