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$30M total
—
Asset Class
Land
Size
—
Building class
C
Zoning
DC2 — Site Specific
$ / SF
—
Occupancy
99%
Year Built
2019
Lot Size
595 ac
An outstanding opportunity to acquire a highly productive, certified organic farm in the beautiful Ashcroft. Offering an impressive combination of quality agricultural land, modern dairy infrastructure, excellent growing conditions, this property presents an opportunity for both established dairy operators and those looking to expand their agricultural operations. The farm encompasses 595 deeded acres, including approximately 405 irrigated acres serviced by eight pivots. The highly productive farmland benefits from excellent heat units, providing ideal growing conditions for a variety of crops and feed production. With a water licence from the Bonaparte River, the property offers an important foundation for maintaining and maximizing agricultural productivity. At the heart of the operation is a modern dairy facility constructed in 2019, designed to support a productive dairy business. The setup features a 40-stall DeLaval PR3100 rotary parlour and a freestall barn with capacity for approximately 400 head of cattle. This property offers potential for future growth and expansion. Whether you are an established dairy producer seeking additional capacity, an agricultural investor looking for a well-developed operation, or an ambitious producer looking to build on an existing foundation, possibilities are endless. Adding to the appeal is an approximately 1,100 sq. ft. home located on the property, providing convenient on-site accommodation for owners, managers, or farm staff. (id:66811)
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$139K
Projected NOI
$1.38M
Annual cash flow
$-286K
Cash-on-cash
-3.17%
DSCR
0.83
Going-in cap
4.59%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Trade area within 3 miles of the property.
Population
130,259
Households
56,924
Median income
$110,000
Median age
33.9
Daytime population
114,563
5-yr growth
9.2%
Modelled estimates for illustration until a licensed census data provider is connected.
Confidential diligence documents for 1049 97C Highway, Ashcroft.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.