- Price: $8,600,000
- Address: 24249 Million Road, Corning, CA 96021 and 21700 Chittenden Road, Corning, CA 96021
- Lot size: 208 total acres
- Home Size: 2,238 sqft
Producing Pecan Orchards, Huller/Dryer/Processing/Marketing Facility
208 +/- acres planted to 160 acres of producing pecans. Offering includes huller/dryer/processing/marketing facility. Irrigation water provided primarily by productive groundwater wells. Warehouses with interior office, homes and useful outbuildings. Located (S) of Corning with good access to I-5 and Hwy 99.
Property: 208 +/- acres planted to 160 acres of producing pecans. Offering includes huller/dryer/processing/marketing facility. Irrigation water provided primarily by productive groundwater wells. Warehouses with interior office, homes and useful outbuildings. Located (S) of Corning with good access to I-5 and Hwy 99.
Locations: There are two locations only 6 miles apart. Location #1, 148 +/- acres planted to 104 acres of producing pecans includes the huller / dryer / processing / marketing facility is located at 24249 Million Road, Corning, CA 96021. Location #2, 60 +/- acres planted to 56 acres of producing pecans is on the northside of Chittenden Road, Corning, CA 96021.
Huller Line: The line is designed to hull pecans and walnuts. In 2021, NCPI hulled and dried about 1,300 tons (pecans @ 700 tons, walnuts @ 600 tons). The huller structure consists of metal beams & roof with concrete slab foundation. Equipment is primarily J.E.M brand, Forsburg destoner & Weco color sorting equipment. Depending upon conditions, throughput is 12 tons per hour for pecans and 15 tons per hour for walnuts. In see attached huller line equipment schedule.
Dryer Line: Three banks of metal stadium dryer bins constructed by Giesbrecht Mfg., McDowell Mfg. and NCPI. To increase drying space, there is room within the dryer building to add a 4TH bank of dryer bins. The line has 4’, 5’ and 10’ wide bins for management of crop lot sizes. Single load capacity is 150 tons for pecans and 120 tons for walnuts. The enclosed dryer building consists of metal beams, roof and siding with concrete slab foundation. Dryer heat is provided by propane, owned tanks and solar roof wall for energy savings. See attached dryer line equipment schedule.
Processing Line: After drying, pecans pass through pin & color sorters and sizer prior to being stored in 4’ x 4’ wood bins. These bins are stored within the 10,000 sqft warehouse wherein is located the 800 sqft office. As determined by the market, the nuts are bagged in 2,000 lb super sack bags for domestic market or 50 lb sacks for export market. See attached cleaning/sorting/packaging line equipment schedule.
Marketing: In 2021, Northern California Pecan, Inc. (NCPI) marketed nearly 50% of the California pecan crop. NCPI has valued relationships with growers and brokers. Prospective buyer is expected to honor & benefit from these relationships.
Orchards: 160 +/- acres planted to producing pecans irrigated by groundwater wells and micro-sprinklers. Wichita is the primary variety, Cheyenne the primary pollinator. At Million Road, 104 acres are planted and in full production, tree spacing is 22’ x 26’. 2021 production was 2,455 inshell pounds per acre, the 3 year average was 2,666 inshell pounds per acre. At Chittenden Road, 56 acres were planted in 2013 & 2015 and just entering production, tree spacing is 18’ x 36’. 2021 production was 1,024 inshell pounds per acre. See attached production records. 2022 crop included provided Buyer reimburses Seller cultural costs from 12/01/2021 to close of escrow.
Water: Million Road has multiple irrigation wells and each home has a domestic well with submersible pump. The primary well in the center of the orchards was drilled in 2015 to a depth of 500’. This 16” cased well with 200 Hp motor and VFD panel is capable of irrigating the entire orchard in 2 sets. Chittenden Road has (2) irrigation wells and is also within the Corning Water District. The new 16” cased well was drilled in 2021 to a depth of 600’. It is setup with bowls, gearhead & diesel engine.
Soils: Nearly 75% of Million Road soils are rated Class 2, the balance is rated Class 3 & 4, topography is undulating. Nearly 100% of Chittenden Road soils are rated Class 2, topography is level to grade. See attached NRCS soils maps.
Owner Home: This nicely landscaped two-story home built in 1978 is wood framed on concrete foundation with composition roof. It has 2,238 sqft of living space, 3 bedrooms, 2 baths, living room with vaulted ceiling & wood stove insert, central HVAC. The kitchen was recently remodeled including granite counter tops / back splash, hickory cabinets, tile flooring and appliances.
Solar Systems: Million Road has (2) owned solar systems installed about 3 years ago. The 58 Kw system installed on the equipment shed roof offsets a portion of the primary irrigation well electricity. The 4.14 Kw is installed on the roof of the Owners home and offsets a portion of the home electricity.
Zoning: Million Road parcels total 148.46 acres; 091-290-014 (38.53 acres), 091-290-015 (28.49 acres), 091-290-016 (18.94 acres), 091-290-055 (23.10 acres), 091- 290-056 (20.00 acres) & 091-050-051(19.40 acres). Chittenden Road parcels total 60.00 acres; 069-240-021 (10.00 acres), 069-240-022 (10.00 acres), 069-240-023 (20.00 acres), 069-240-025 (10.00 acres) & 069-240-026 (10.00 acres). Million Road parcels 091-290-014 & 015 are zoned AG-AP, agricultural, ag preserve, 40 acre minimum. All other parcels are zoned AG-2, agricultural, 20 acre minimum.
Mineral Rights: A portion of minerals rights are previously reserved, those owned by Seller are included in the sale. Preliminary title reports are available.
Depreciation: Improvements such as the huller/dryer/processing facility, trees, wells, irrigation systems and buildings offer prospective Buyer deprecation advantages.
Comments: Opportunity to purchase Northern California Pecan Inc. an established pecan huller / dryer / processor & marketer with valuable grower & broker relationships. Plus 208 +/- acres with 160 acres planted to pecans. Everything is ready for your success, high producing pecan trees, huller / dryer / processing facility plus facility equipment / supplies. Management is willing to help to facilitate a smooth transition into the 2022 season and experienced employees are eager to stay on board.
Showing: Do not disturb occupants. Listing Broker to accompany showings.
Listing Price: $8,600,000 cash to Seller