This 160-acre agricultural property in Torrance County offers a rare opportunity for farm and ranch operators seeking a fully improved, infrastructure-rich operation with significant water rights and expansion capacity. The property includes 144 acre-feet of commercial water rights (approximately 47 million gallons annually), providing substantial irrigation capacity for row crops, forage production, specialty crops, or livestock operations. Water rights may be sold separately, offering additional flexibility and investment potential. Extensive improvements support large-scale agricultural use. The property includes multiple greenhouse structures adaptable for vegetable production, nursery operations, seed starts, or specialty crops, along with hoop houses suitable for seasonal growing, feed storage, or livestock shelter. Additional improvements include: 6,000 SF temperature-controlled greenhouse facility adaptable for year-round crop production 5,000 SF enclosed agricultural building suitable for storage, processing, or equipment Two 10,000 SF metal hay barns 7,500 SF convertible barn 3,000 SF machine shop 3,000 SF processing/work area 1,500 SF office building 1,800 SF adobe residence suitable for owner-operator or ranch manager 1,200 SF block structure for storage or expansion Infrastructure is exceptional for rural Torrance County and includes: Three separate 3-phase commercial power services Private transformer Commercial gas service Dedicated high-capacity water pump system With substantial water rights, strong power capacity, and extensive improvements already in place, this property is positioned for: Hay and forage production Vegetable or specialty crop farming Nursery or seed operations Livestock or equestrian use Agri-business or vertically integrated farm operations Agricultural investment hold with water asset value Located near established agricultural operations, this property offers scalability, flexibility, and long-term agricultural viability in a water-secured setting. Property Income: Income-generating agricultural lease on a 160-acre improved property featuring substantial infrastructure and a structured rent ramp designed to support tenant growth while capturing long-term upside. Strong fundamentals include water access, expense pass-throughs, and defined rent escalations, creating a stable operational and investment profile. Lease Term: Two-year lease expiring March 2028, with one three-year extension option. Rent Structure: Year 1, $5,000 per month; Year 2, $12,500 per month. Property Highlights Land & Water 160 contiguous acres in Torrance County Adjacent to established agricultural facilities 144 acre-feet of commercial water rights (approx. 47 million gallons annually) Water rights may be sold separately Significant irrigation capacity for row crops, hay production, specialty crops, or livestock operations Utilities & Infrastructure Three separate 3-phase commercial electric services Private transformer (approx. $120,000 installation value) Commercial gas service available on-site Dedicated high-capacity agricultural water pump system Independent 3-phase connections for irrigation, processing, and operations Agricultural Buildings & Improvements (2) 10,000 SF metal hay barns 7,500 SF three-sided enclosed barn (convertible use) 3,000 SF enclosed temperature-controlled machine shop (15’ ceilings) 3,000 SF enclosed agricultural processing/work building (15’ ceilings) 5,000 SF enclosed agricultural structure adaptable for storage, equipment, feed, or production 1,500 SF temperature-controlled office with security & monitoring systems 1,800 SF adobe residence (2 bed / 2 bath, built 2005) – suitable for owner/operator or ranch manager 1,200 SF unfinished block building ideal for storage or expansion Greenhouse & Growing Infrastructure (Adaptable for Agricultural Use) 2 operational greenhouse structures Capacity for up to 60 additional greenhouse units hoop houses with water and electrical access 6,000 SF temperature-controlled greenhouse facility Ideal For Hay & forage production Vegetable & specialty crop farming Nursery operations Livestock or equestrian use Agri-business or vertically integrated farming Agricultural investment with high-value water rights