Oasis Cove www.douglasvalleyfarms.com Capital Markets Investment Properties
CBRE Inc. is pleased to present, one of the largest agricultural opportunities in Northern Michigan. Comprised of over 1,209 acres, this farm offers the unique opportunity to acquire a well-diversified combination of young permanent plantings, the Douglas Valley winery, and prime development land. The property consists of 6 tracts and is planted to sweet and tart cherries, asparagus, apples, timber land and development land, difficult to find in quantity. With a proposed development plan in place, the farm could be expanded to include an additional 120 acres of asparagus, 110 acres of tart cherries, 65 acres of sweet cherries and 65 acres of apples. Further, the property consists of over 100 acres of prime soils with the ideal climate to develop wine grapes and vertically integrate the existing winery operation. With multiple existing and potential income components, this farm provides a unique opportunity for any size grower to expand and diversify their portfolio. www.douglasvalleyfarms.com
location DOUGLAS VALLEY FARMS
Area Analysis Located in northwestern Michigan, Manistee County is an outdoor adventure hub, known for its natural beauty. The year-round recreation and water-oriented activities, coupled with the absence of major metropolitan cities has made Manistee County a well-traveled tourist destination. Comprised of 544 square miles, Manistee County offers 25 miles of the sandy Lake Michigan shoreline, lush farms, bountiful orchards, and the extensive Manistee National Forest. As of the last Agricultural Census, there were 324 farms in the County, the average being 137 acres. The total land dedicated to farming and agriculture was over 44,000 acres. With a to- tal of $6,492,000, crop sales made up 85% of the total market value of products sold, followed by livestock sales at $1,136,000. With an emerging commercial base, Manistee Township has a Renaissance Zone, allowing tax-free light industrial and commercial development. 6,245 POPULATION 44.8 MEDIAN AGE $55,101 AVERAGE FAMILY HOUSEHOLD INCOME 93.7% EMPLOYMENT PERCENTAGE
Tract Summary TRACT 1 TRACT 6 TRACT 5 TRACT 4 TRACT 2 TRACT 3 TRACT BLOCK ACRES CROP VARIETY ROOT STOCK YEAR PLANTED SPACING Tract 1 4 4 Asparagus Mondeo NA 2012 NA NA Tract 1 5 5 Asparagus Jersey Supreme NA 2012 NA NA Tract 1 6 15 Asparagus Millenium NA 2013 NA NA Tract 1 7 15 Asparagus Jersey Supreme NA 2013 NA NA Tract 1 8 20 Asparagus Jersey Supreme NA 2014 NA NA Tract 2 52 Apples Gala, ida red, golden delicious, empire, red delicious NA 1987 NA NA Tract 3 5 Wine Grapes Chardoney 2010 5 x 12 Tract 3 1 Wine Grapes Pinot Noir 2010 5 x 12 Tract 3 1 Wine Grapes Pinot Grigio 2010 5 x 12 Tract 3 1 Wine Grapes Reisling 2010 5 x 12 Tract 3 15 Apples Ida Red 1987 Tract 4 9a 17 Tart Cherry Montmorency Mahaleb 2002-2005 14' x 19' Drip Tract 4 9b 22 Tart Cherry Montmorency Mahaleb 2012-2013 14' x 19' Drip Tract 4 1 39 Tart Cherry Montmorency Mahaleb 2003-2011 14' x 19' Drip Tract 4 7 15 Asparagus Millenium NA 2016 NA NA Tract 6 2 26 Tart Cherry Montmorency Mahaleb 2004-2006 14' x 19' Drip Tract 6 3 28 Tart Cherry Montmorency Mahaleb 2002 & 2003 14' x 19' Drip Tract 6 4 5 Sweet Cherry Benton Gisela 2009 14' x 19' Drip Tract 6 6a 17 Tart Cherry Montmorency Mahaleb 2002-2005 14' x 19' Drip Tract 6 6b 22 Tart Cherry Montmorency Mahaleb 2012-2013 14' x 19' Drip IRRIGATION
Tract 1 TRACT APN ACRES Tract 1 02-023-200-05 43.06 Tract 1 02-023-200-04 25 Tract 1 02-023-225-15 13.25 Tract 1 02-023-250-01 50 Tract 1 02-023-300-01 37.93 TOTAL 169.24 PLANTINGS ACRES Asparagus 63 Plantable 80 Ancillary 26 TOTAL 169.24
Tract 2 and the Douglas Valley Vineyard and Winery TRACT APN ACRES Tract 2 Portion of: 205.00 07-110-003-00 Tract 2 07-110-008-00 63.90 Tract 2 Portion of: 18.20 07-111-002-00 TOTAL 287.10 Douglas Valley Vineyard Combined, there are more than 228 acres plantable. TRACT APN ACRES Track 3 07-110-003-00 71.4216 Track 3 07-111-006-20 4.5923 Track 3 07-450-005-00 6.4514 Track 3 07-450-007-00 2.5636 Track 3 07-450-008-00 0.9301 Track 3 07-450-016-00 3.0699 Track 3 07-450-004-00 4.522 Track 3 07-450-010-00 2.948 Track 3 07-450-003-00 5.4728 Track 3 07-450-002-00 6.4399 Track 3 07-450-001-00 6.6482 Track 3 07-450-009-00 1.1699 Track 3 07-450-013-00 4.3727 Track 3 07-450-012-00 3.1169 Track 3 07-450-015-00 1.6265 Track 3 07-450-018-00 1.9528 Track 3 07-110-004-00 2.456 Track 3 07-450-014-00 3.8987 Track 3 07-111-002-00 180.376 Track 3 07-450-000-00 35.1509 TOTAL 349.18 PLANTINGS ACRES Apples 77 Vineyard land 8 TOTAL PLANTED ACRES 85
Tract 4 Timber recently cleared and prepared for planting PLANTINGS ACRES Tart Cherries 39 Asparagus 15 Plantable 31.75 Ancillary 5.43 TOTAL 91.18 TRACT APN ACRES Tract 4 02-032-400-01 52.18 Tract 4 02-033-325-00 39.00 TOTAL 91.18
Tract 5 TRACT APN ACRES Tract 5 02-034-200-01 33 PLANTINGS ACRES Asparagus 5 Plantable 20 Ancillary 8 TOTAL 33
Tract 6 Timber recently cleared and prepared for planting TRACT APN ACRES Tract 6 02-032-225-01 117 Tract 6 02-032-200-01 40 TOTAL 157 PLANTINGS ACRES Sweet Cherries 5 Tart Cherries 92 Plantable 42 Ancillary 18 TOTAL 157
Douglas Valley Vineyard Douglas Valley Vineyard is Michigan s first sustainable vineyard community providing an affinity with its dreamy landscape, and Lake Michigan view. This dreamy charm makes Douglas Valley Vineyard a champion destination with a growing popularity for wedding venues. Douglas Valley Vineyard website: www.douglasvalley.net FARM TO TABLE WINE VINEYARD LAKE MICHIGAN VIEWS SUSTAINABLE VINEYARD AWARD-WINNING HARD CIDERS & WINE
Douglas Valley is a multi-faceted development envisioned for a prime view area of land overlooking Lake Michigan near Manistee, Michigan. As the pace of day to day life quickens, people are seeking a different way to live, work and raise their families. In a new ruralism setting, they have the opportunity to connect with the rhythms and season of nature and become environmental stewards of the land. Douglas Valley Vineyard Estates: There are 18 estate farm parcels, each ranging between 2-6 acres of rural living amongst vineyards and orchards. SOLD SOLD SOLD
Douglas Valley Vineyard 1,350 sq. ft. single-family residence with 352 sq. ft. garage 865 sq. ft. single-family residence (recently rehabbed) Mobile home with domestic well, septic tank and garage 1,400 sq. ft. equipment shop building 7,200 sq. ft. equipment shed with 440V 800 sq. ft. storage shed 150 sq. ft. pump shed 6,000 sq. ft. barn 1,500 sq. ft. spray shed 10,560 sq. ft. fencing
D. Matt Marschall Lic. 01035488 +1 858 404 7202 matt.marschall@cbre.com Steven Lehr Lic. 20077433 +1 952 924 4656 steve.lehr@cbre.com Joseph Rosenburg Lic. 6502346881 +1 248 351 2042 joseph.rosenberg@cbre.com Brendan George Lic. 6502401928 +1 858 404 7202 brendan.george@cbre.com www.douglasvalleyfarms.com 2017 CBRE, Inc. This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. Capital Markets Investment Properties CBRE, Inc. Licensed Real Estate Broker 4301 La Jolla Drive Suite 3000 San Diego, CA 92122