Project Information
Owner/Developer
WWW Acquisition Company, LLC
Size
2,173 Acres, Fee
4,290 Acres, BLM Lease
Project Manager
Terra Realty Advisors, Inc.
Delivery Method
Negotiated
Year
2006 Commencement
2013 Completed
VALUE/COST:
$4,000,000
Financing
Cash and Owner Financing
Project Notes
Terra Realty Advisors, Inc. (TRA) acquired for WW Acquisition Company, LLC approximately 2,013 fee acres of land, at the end of Jerusalem Grade Road in 2006, “the Ranch”, together with 4,290 acres of leased grazing land from the BLM. Since that time, there have been 4 additional acquisitions of 40 acres each, for a total of approximately 2,173 acres. There are 27 parcels in Lake County, together with 2 additional parcels located in Napa County. Natural resources include: 5 year round creeks and 9 lakes. As part of this acquisition, TRA completed the largest legal compliant lot filing in Lake County history, together with creating maps and legal descriptions for 8 miles of private road accessing the property, securing title insurance for this access across private and public lands. The Ranch has been a working cattle spread since the civil war, with historical structures and a rich history. Future development will feature an airstrip (there are currently two on the property) that would create fly-in capabilities, a first-class equestrian center, grape growing and wine production, olive groves and orchards for estate development.