This is a tremendous investment opportunity. Located in the San Luis Valley these irrigated farms provide a great consistent return for the land investor. Eighteen irrigated pivots that are fed by wells and supplemental wells that deliver water from the plentiful aquifer below. Each quarter nets approximately $27,500 or approximately a 4.5-4.75% rate of return. The pivots are currently rented by four stable farming tenants. There is a possibility to lease all the pivots to one tenant. All the pivots, wells, pumps and controls are in good condition and regularly serviced. The wells consist of submersible and surface pumps. There are Valley, Lockwood and Zimmatic pivot sprinklers on the property. Depths of wells range from 70’-170’. The wells combined have been tested and produce more than 15,000 gallons per minute. All water rights owned by the Seller will convey to the Buyer including surface water rights from the San Luis Valley Irrigation District and Farmer’s Union Ditch that augment water pumped from the wells. Currently, the pivots are primarily raising potatoes, but rotational crops are used in the farming to include alfalfa, industrial hemp, wheat, oats, triticale, and sorghum crops.
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