Grazing Land on Famoso Road

This rangeland of approximately 2,337.03 acres of year-round grazing land in the Kern County foothills east of Highway 65 on Famoso Road and is split between five (5) footprints. The offering is a functional ranch accessible from Famoso Road and is interconnected. The property consists of gently rolling hills and has an existing spring on side evidenced by meadowlands. LOCATION: The Property is located on and to the north of the east and west sides of Famoso Road east of Highway 65. The rangeland is located approximately 15 miles to the north of Meadows Field Airport in the City of Bakersfield and County of Kern. LEGAL/ZONING: Kern County Assessor Parcel Number(s) 060360-13, 060-360-08, 061-072-18, 061-07137, 061-071-38, 061-071-07, 061-040-25; Section(s) 21, 25 29, 31 and 35; Township 26; Range(s) 27 and 29; MDB&M. The property is enrolled in the Williamson Act as an agricultural preserve. SOIL & WATER: The property benefits from Grade 2 – Good soils; Chanac-Pleito complex, 5 to 30 percent slopes and Pleito-Chanac-Raggulch complex, 5 to 30 percent slopes. Water is trucked in to property consists the property in order to water the livestock. The property is located in the Kern NonDistricted Land Authority and is located within the boundaries of the Eastside Water Management Area. The property is subject to a Groundwater Credits Agreement and all Groundwater Credits have been assigned to a third party. Please inquire with the Broker for additional information. LEASE: The property is subject to a grazing lease that expires in February of 2027. The value of the lease is $19.00 per acre, and the Class A Cattle Tenant has expressed interest in continuing the lease. PRICE: $2,921,287.50 ($1,250.00 +/- per gross acre) with all cash proceeds to be paid at closing.