Cottonwood Road

Cottonwood Road Oroville, California 95965 Estados Unidos

This gorgeous 100 acre parcel consists of 80+/- acres of Super High Density Planting (HDP) Olive vineyard centrally located on Cottonwood Road between Hwy 99 & Hwy 70 in the middle of Butte County. The planting is on 13-foot by 5-foot spacing resulting in 670 trees per acre with the support of a trellis system. Owners strategically planned and developed this unique showpiece to make it one of a kind. WATER: Tremendous water with a 50HP Pump producing 2,500 gallons/minute provides irrigation through emitters on drip-line. Laser leveled and terraced for draining. PROFITABLE: Has a great Supplier Contract. BONUS: Strategically located in its close proximity to the major PG&E Substation makes this property perfect for Energy Contracts. Currently there is a Solar Option Contract with a National Energy provider (New Leaf Energy) to use 4-acres of the property and convert it into Large Scale Battery Storage. Once exercised, it will pay $15,000/acre per year ($60,000/year) with a 1.5% annual escalator for a minimum of 15 years with options to extend the lease (3) additional times for successive periods of 5 years each.

Listing Courtesy of Hamman Real Estate

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