Diamond Ridge Vineyards - Winegrape Vineyard - Lake County CA
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o The Mendrin Group is pleased to exclusively represent for sale the Diamond Ridge Vineyards, 771.07 +/- gross assessed acres featuring 189.73 +/- acres of producing, planted winegrape vineyards and 160.27 +/- potential additional plantable acres. Property is located in the Clear Lake AVA region within Lake County, California. Further details are described below.
o 771.07 +/- gross assessed acres located in Lake County, comprised of 189.73 +/- planted vineyard acres, 160.27 +/- potential additional plantable acres, and 421.07 +/- acres of supporting land which includes well sites, a reservoir, booster pump stations, a filter station, equipment yards, paved/dirt roads, and rolling foothills.
o The 160.27 +/- potential additional plantable acres are subject to Buyers independent investigation and due diligence with all applicable ...
o The 160.27 +/- potential additional plantable acres are subject to Buyers independent investigation and due diligence with all applicable governmental agencies in determining the feasibility of the additional plantable acres for Buyers intended use(s).
o Planted winegrape varietals include Cabernet Sauvignon (147.80 acres), Merlot (17.90 acres), Petite Sirah (15.42 acres), Cabernet Franc (4.98 acres), and Malbec (3.63 acres).
o 2001 plantings (one 4.62-acre block grafted in 2006), with a 7-year weighted average yield (2015-2022) of approximately 4.05 tons per acre.
o Historical average winegrape pricing received (2017-2022): Cabernet Sauvignon ($2,259/ton), Merlot ($1,500/ton), Petite Sirah ($1,902/ton), Cabernet Franc ($1,875/ton), and Malbec ($1,978/ton).
o 2023 farming and harvest costs estimated at $750,000 ($3,953 per net planted acre).
o Entire 2023 crop currently available.
o Irrigation water is supplied to the vineyard blocks from 5 agricultural wells pumping at a combined estimated rate of approximately 1,150 to 1,400 GPM (water pumped to a 30 acre-foot on-site reservoir), which is then distributed from the reservoir to the vineyard blocks via a booster pump and filter station to driplines with emitters (reservoir booster pump station yields an estimated 1,500 GPM).
o Approximately 300 acres of the Property (39%) is located in the Burns Valley Basin/Subbasin, which is classified by SGMA as a Very Low Priority, Non-Critically Overdrafted Basin/Subbasin. The remainder of the Property is not located in a SGMA Basin/Subbasin. The Property is not located within a water district.
o Vineyard is located in the Clear Lake American Viticultural Area (AVA) and California Grape Pricing District 2.
o Ancient red volcanic soils and alluvial sediments, with the majority of Property soil types including: Phipps Complex, Sobrante-Hambright-Guenoc Complex, Bressa-Millsholm Loams, Pomo-Bressa Loams, Maymen-Millsholm-Bressa Complex, Millsholm-Bressa Loams, and Sobrante-Guenoc-Hambright Complex. Approximately 76% of the Property contains NRCS Grade I to III CA Revised Storie Index Rated soil types.
o The topography of the Property is primarily defined by rolling foothills, with undulating slopes and flat areas, and elevations ranging from approximately 1,480 to 1,960 feet above sea level (increasing in overall elevation from south to north).
o Vineyard is in process to become a participant in the Certified Sustainable Winegrowing program for 2023 (administered by the California Sustainable Winegrowing Alliance).
o Purchase Price: Fifteen million dollars ($15,000,000) all cash at the close of escrow, with cultural cost reimbursement for the 2023 crop to Seller.
o Additional information, including a Due Diligence Data Room on the Property, is available for review after signing the Sellers Confidentiality & Non-Disclosure Agreement (CNDA). Please contact The Mendrin Group to obtain a copy of the CNDA for signature.
o Private Property tours and inspections are strictly by appointment only with 48 hours prior notice by contacting The Mendrin Group.
o Principals Only. Exclusive Seller Representation by The Mendrin Group.
o Buyers/Recipients communications, viewing of the Property, Letter of Intent submissions, Property Due Diligence data requests, and Property Due Diligence site visits shall be directed only through The Mendrin Group. Please contact Josh Mendrin via cell (559-448-7085) for further information.
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