Bikram Singh Acquires 794 Acres Special Purpose Property In Fresno For $15M

The special purpose property located at 14498 S. San Mateo Ave. in Fresno has been sold in a transaction on May 12, 2022. The property, spanning across 794 acres, was acquired for a sale price of $15,000,000.

Summary of transation details

• Property Type: Special Purpose
• Transaction Amount: $15,000,000
• Address: 14498 S. San Mateo Ave.
• Market: Fresno
• Acres: 794

Bikram Singh acted as the buyer in this transaction, while Blue Mountain Farms represented by Samuel Weis and Renay Weis acted as the seller. The deal was facilitated by Nitti Kaur of Abundance360 Inc., who served as the broker in the transaction.

It is worth noting that this is the second acquisition for the buyer in 2022. Bikram Singh previously purchased another 400 acres of almond farm in Fresno County. The buyer's investment strategy involves acquiring non-organic farms and converting them into organic farms to increase revenue and net production. Investing in farmland is considered a strong diversification tool due to its historically low volatility and lack of correlation with other asset classes. Farmland investments have shown robust returns over the past few decades.