Long Term Ground Lease – Vineyard Development Opportunity in Paso Robles

Details

Opportunity to develop one of the last large-scale properties suitable for a new vineyard development in East Paso Robles! Preliminary mapping indicates that this property can be developed with up to 591 plantable acres.

There is a conditional approval letter from SLO County to transfer 485 acre feet of water credits to the Gruenhagan prospective greenfield vineyard property. Additional credits are also available for transfer. San Luis Obispo has already approved transfer of 485 annual acre feet of groundwater credits to the subject site, supporting 388 acres of wine grapes per the County’s water duty tables at 1.25/AF/Acre. The owner also controls ample additional credits on contiguous parcels to support the entire 591 plantable acres. Two wells, located on contiguous ranches range from 1,100 gpm to 1,500 gpm. San Luis Obispo County will issue a new well permit as long as the recipient follows GSP guidelines. A recent quote for a 700 foot deep, 28” diameter well with 16” casing is available upon request. The Paso Robles GSP has been finalized and approved by the DWR. As of today, there are no dictated limits on pumping. The GSP is a dynamic document that will ebb and flow depending on monitoring well readings and performance. As a result, the subject is likely one of the last large-scale vineyard development ground available in East Paso Robles.