PRICE REDUCED ± Acres Tulare County, California. CA BRE # Exclusively Presented ented By: Pearson Realty

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1 PRICE REDUCED Richgrove Farmland Opportunity ± Acres Tulare County, California District & Well Water Quality Soils Tax Benefits Land Available to Plant Exclusively Presented ented By: Pearson Realty CALIFORNIA S LARGEST AG BROKERAGE FIRM CA BRE #

2 Richgrove Farmland Opportunity ± Acres $9,477,225 ($22,500/acre) DESCRIPTION: This opportunity is located in the desirable farming area of Richgrove, Ca. The land is being farmed to ±acres of table grapes, ±acres of navel oranges, with the remaining ±acres fallow. Additionally the site is improved with a shop and Quonset hut style building. The offering would be well suited for redevelopment to table grapes, citrus, blueberries, cherries, almonds, pistachios, or continue operation of existing plantings, or utilize for row, field or vegetable crops. LOCATION: The property begins on the NWC and NEC of Richgrove Drive (Old Porterville HWY) and Avenue 8 just north of Richgrove, Ca. The land is just 10± miles east of Delano, 36± miles north of Bakersfield, 145± miles north of Los Angeles and 256± miles south of Sacramento. LEGAL: According to the Tulare County website the land is zoned AE-20, and only parcel is enrolled in the Williamson Act. Property is portions of south ½ of Section30 and NE ¼ of Section 31, Township 24S, Range 27E, MDB&M. Tulare County, California. APN s: , 014, 017, 018, 019 & 020, and & 035. PLANTINGS: Table Grape varieties are; 86.35±acres of Crimson, and 40±acres of Red Globes. The Navel Orange varieties are: 44.57±acres Atwoods, 44.43±acres Washingtons, and 27.77± acres Fishers. See attached planting map provided by Seller. CALIFORNIA S LARGEST AG BROKERAGE FIRM

3 WATER: The farm is irrigated by both district and well water. The property is in two water districts and receives contract entitlement from both; ±acres are located in the Kern Tulare Water District (KTWD) contract meter numbers AV4-5 & R-8, and 62.18±acres (APN: ) is in Delano Earlimart Irrigation District (DEID) contract meter 119.1E 4.8E. In 2015, the KTWD is delivering.9±af/acre and DEID is delivering.3af/acre. In 2015 KTWD is collecting the following: service area assessment of $27/acre, standby of $74/acre, and water cost of $561±/ acre foot. In 2015 DEID is collecting the following: assessment of $15.40/acre, standby of $28.75/ac, special benefit assessment is $28.35/acre, and water cost of $625/acre foot. KTWD has 960 acre acreage limitations as it receives some of its water from Federal sources. The KTWD reports the land as non-excess. Additionally there is one (1) AG well equipped with a 200HP electric motor. The permanent crops are irrigated through a reservoir with eight (8) sand media filters and electric booster pumps. The table grapes and oranges are irrigated with a micro irrigation system and the open land is flood irrigated. There is one (1) out of service domestic well on the SWC of Avenue 8 and Road 216. SOILS: 99.7±% (114) Exeter loam, 0 to 2% slopes, Rating 3.3±%(108) Colpien loam, 0 to 2% slopes, Rating 1 PRICE/TERMS: $9,477,225 ($22,500/acre), cash at close of escrow and or owner will entertain providing financing. The oranges & table grapes (including the well) are leased until and respectfully. Seller will use its best effort to end the lease upon harvest of the growing crops. Seller to retain any remaining mineral rights (if any). SOIL MAP

4 FARM MAP

5 ASSESSOR S PARCEL MAPS

6 Road 208 LOCATION MAP US DELANO REGIONAL MAP Richgrove Offices Serving The Central Valley FRESNO VISALIA BAKERSFIELD 7480 N. Palm Ave, Ste S. Demaree Street 1801 Oak Street, Ste 159 Fresno, CA Visalia, CA Bakersfield, CA We believe the information contained herein to be correct. It is obtained from sources which we regard as reliable, but we assume no liability for errors or omissions. Policy on cooperation: All real estate licensees are invited to offer this property to prospective buyers. Do not offer to other agents without prior approval.