7362 E Avenue J, Lancaster, California 93535

TURN KEY farmland for lease at $829.39 per acre per year for the first two years, increasing to $994.45 for years 3 through 5. The property consists of 120.67 acres of level, unobstructed, and organic farmland located on E. Avenue J from 70th St. E to 75th St. E. continuing back another 1/2 mile to E. Avenue J-8. in the City of Lancaster. It neighbors land being farmed by Campbell Fresh (aka Campbell Soup Company). The property has available for purchase up to 50 acre feet (AF) per year in water extraction rights from the AV Water Basin in perpetuity granted to the property through the recent Antelope Valley Groundwater Adjudication. Also available for purchase are AF carryovers amounting to 400 AF. This property includes a turn-key newly drilled 580′ commercial water well, equipped with a powerful 150 HP FloWise Pump and Emerson Motor to be used and maintained by the Lessee. Five SCE electrical utility poles extend from Avenue J to exclusively power the well and equipment. The well is metered (7362 1/2 E. Avenue J). Includes APNs 3384-009-001 and 3334-009-006.