FOR SALE

13516 RIPPINGTON ROAD, PITT MEADOWS BC V3Y 1Z1

BC FARM & RANCH REALTY2014 Whatcom Road, Abbotsford, BC V3G 1Y9

Toll Free: 1.888.852.AGRI (2474) | Office: 604.852.1180 | Fax: 604.852.1191 | FARMSINBC.COM

5.25 Acres Greenhouse

nav@farmsinbc.com604.782.0988

taj@farmsinbc.com604.725.8403

13516 RIPPINGTON ROADPITT MEADOWS BC V3Y 1Z15.25 Acres Greenhouse

ZONING:A1 - Within the Agricultural Land Reserve

PID : 000-462-110RESIDENTIAL MLS# R2137049COMMERCIAL MLS# C8010645

PRICE:$3,988,000

GROSS PROPERTY TAXES:$1,844.27 (2016)

DUE DILIGENCE DOCUMENTS:1. Title Search2. Property Disclosure Statment (Upon Accepted Offer)3. Zoning Documents4. Equipment5. Potential Revenue Summary

PROPERTY DIMENSIONS:Frontage: 449.99 ft.Depth: 525.059 ft.

LOCATION DESCRIPTION:5.25 acres with a gorgeous fully renovated home and state-of-the art greenhouses. Turn key operating business of multi-leaf lettuce which includes all equipment. There is a detached double garage that is 2,688 square feet with a cooler, warehouse, lunchroom and office. 76,240 square feet of metal frame poly greenhouses and 17,760 square feet of glass greenhouses. The greenhouse facilities are equipped for the production of hydroponic vegetables in a Nutrient Film Technique configuration. The greenhouse environmentis automatically controlled by Priva climate and irrigation computers.All heating, cooling, CO2 supplementation and fertilization is automatically adjusted. The greenhouses are all heated with hot water forced air unit heaters and are cooled with either exhaust fans or natural ventilation (roof). Retailers such as Walmart, Canada Safeway, Whitespot, and Costco US are carrying multi-lettuce grown in these greenhouses. An estimate of 90,000 cases of multi-lettuce could be produced yearly.

13516 RIPPINGTON ROAD, PITT MEADOWS, BC V3Y 1Z1

PROPERTY DESCRIPTION

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1. Glass Greenhouse -17,929 Square Feet -Built in 1996

2. Poly Greenhouse -21,495 Square Feet

3. Poly Greenhouse -59,114 Square Feet

4. Building With: -Office -Lunchroom -Cooler -Two Car Garage -2,688 Square Feet

5. House -4 Bedrooms -4 Bathrooms -4,586 Square Feet

6. Pool House -750 Square Feet

7. Inground Pool

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13516 RIPPINGTON ROAD, PITT MEADOWS, BC V3Y 1Z1

Property Views

13516 RIPPINGTON ROAD, PITT MEADOWS, BC V3Y 1Z1

Property Views

13516 RIPPINGTON ROAD, PITT MEADOWS, BC V3Y 1Z1

Property Views

13516 RIPPINGTON ROAD, PITT MEADOWS, BC V3Y 1Z1

Property Views

13516 RIPPINGTON ROAD, PITT MEADOWS, BC V3Y 1Z1

Business Details

13516 Rippington Road is complete with a classic residence, exceptional landscaping and unique greenhouse facility. This property offers a buyer an exceptional opportunity to live in a beautiful home and take advantage of an exciting, progressive business while achieving the satisfaction of providing quality local grown foods which is in increasingly high demand.

The 5.25 acres property includes approx. 94,000 square feet of glass and polyethylene greenhouses which are equipped to produce hydroponic vegetables in a nutrient film (NFT) configuration. All heating, cooling, CO2 supplementation and fertilization are automatically adjusted by a state-of-the-art Priva climate and irrigation computer system. They are heated with hot water forced air heaters and are cooled with either exhaust fans or natural roof ventilation.

The greenhouses are undergoing an extensive refit. All benching, ground covering and grow troughs will be repaired/replaced as well as tested for strength, water tightness and mechanical fitness. This process will be completed for sale finalization and will allow for maximum utilization of the facility. The existing hot water supply for the unit heaters are provided by boilers on the adjoining property. A small boiler house, boiler and circulation pumps will be required to separate the two operations. The supply and installation of this items will be organized by the current owner. The cost of these items can be quoted and negotiated with the prospective buyer.

Supply of seedlings and soil pots are currently provided and can continue to be provided by Fable Farms at an agreed upon price. In order for the buyer to have a self-sufficient operation, a pot machine and mechanical seeder will need to be purchased, this can be facilitated by the seller. Potential crops for production include all green and red lettuce types except for Butter Lettuce, Romaine Lettuce, Baby Bok Choy, Culinary Herbs, Kale and other greens such as Swiss Chard. The buyer of this facility will be among the first and only greenhouse growers of the exciting new multi-leafed lettuce called Salanova (see www.Salanova.com), marketed by the Windset Farms as Symphony.

Extensive research by Fable Farms has yielded a market ready crop program, which has now been launched to Wholesale customers in the Pacific Northwest. Market reaction has been favorable with companies such as Sysco (Vancouver and Kelowna), Gordon Foods Service Pack, and there has been high interest among other retail and food service wholesalers locally. Retailers such as Walmart and Safeway are now carrying our Symphony four pack clamshell. The restraint chain White Spot has contracted with us to supply the Symphony blend for their specialty salads year-round with volumes of 300-600 cases per week. Costco US is also now purchasing our product with large potential demand. Increasing awareness of the nutritional benefits, continuity of supply, and food safety certainty of locally grown greenhouse produce has led to heightened interest and demand from all levels of the food supply chain. Repeated issues such as e-coli contamination of field grown produce originating from California and Mexico, as well as the server drought conditions affecting quality and supply of produce from California have also led to new business opportunities. Premium prices for fresh, local products are accepted by our customers and pricing is increasing due to the above factors, as well as the appreciating US dollar, which leads to higher prices for the imported competition.

BC FARM & RANCH REALTY

13516 RIPPINGTON ROADPITT MEADOWS, BC V3Y 1Z1

5.25 Acres Greenhouse PRICE : $3,988,000

nav@farmsinbc.com604.782.0988

taj@farmsinbc.com604.725.8403

Toll Free: 1.888.852.AGRI (2474) |Office: 604.852.1180 |Fax: 604.852.11912014 Whatcom Road, Abbotsford, BC V3G 1Y9 |FARMSINBC.COM

Walmart

Costco

Terry FoxTheatre

Terry FoxPark

Blakeburn Park

Blakeburn Elementary

Carnoustie GolfCourse

Pitt Meadows Golf Course

PropertyLocationFable Farms

ArchbishopCarneyRegonal

Lougheed Highway

Pitt River Bridge

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Alouette River

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Mary Hill Bypass

Nearby Elementary Schools:

Highland Park Elementary - 4.2 kmEdith McDermott Elementary - 4.5 km

Nearby Secondary Schools:

Archbishop Carney Secondary - 5.0 kmTerry Fox Secondary - 5.6 km

Nearby Parks:

Bamboo Botanicals - .58 kmNorth Bonson Park - 3.16 km

Nearby Entertainment:

Golf Courses:

Pitt Meadows Gof Course - 1.9 kmCarnoustie Golf Course - 5.7 km

Bars:

Jolly Coachman Pub & Liquor Store - 2.97 km

Movie Theaters:

Harris Road Cinemas Ltd - 2.19 kmHollywood 3 Cinema PM - 2.20 km

Nearby Grocery Stores:

Loblaws - 1.54 kmSave-On-Foods - 3.65 km

Nearby Restaurants

White Spot - 3.52 kmWhite Spot - 3.52 km

Nearby Cafes:

Tim Hortons - 3.37 kmStarbucks - 4.15 km