5 Paso wineries & 18 vineyards change hands over past 2 years
on 21/01/15 at 10:52 amWine
New report and historical analysis by Pacifica Wine Division shows details of five wineries and 18 vineyards sold in 2013 and 2014. The average winery sold for $3.2 million; while the average vineyard sold for $2.24 million.
Nearly two-dozen wineries and vineyards have changed hands in the past two years in the Paso Robles American Viticultural Area (AVA), according to a recently released report by Pacifica Wine Division.
Five wineries were sold in 2013 and 2014 at an average price of $3.2 million. The sizes of the winery properties varied from 15 to 54 acres and were small to mid-sized in production. The wineries sold were Berardo Vineyard & Winery, Edward Cellars, Chumeia Vineyard, Eagle Castle Winery and Veris Cellars. The largest transaction was Eagle Castle Winery at $4.86 million. It included a 25-acre parcel, 11-acre vineyard, two residences, a 7,900-square foot tasting room and hospitality building, and a 13,000-square foot winery building.