Offering Summary. Index. A acre offering of farm land located in Westlands Water District.

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Harriet Quinn
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Index Cover Page...1 Offering Summary...2 Terms, Rights, & Advisories...3 Location, Legal Description, & Zoning...4 Purchase Price & Terms...4 Property Assessments...5 Water & Irrigation.

2 Index Cover Page...1 Offering Summary...2 Terms, Rights, & Advisories...3 Location, Legal Description, & Zoning...4 Purchase Price & Terms...4 Property Assessments...5 Water & Irrigation...5 Production History Structures & Staging Areas...7 Block Data...8 Infrastructure Map...9 Block Map...10 Local Map...11 Regional Map...12 NRCS Soils Map...13 Slope Map...14 Assessor s Parcel Map W.F Assessor s Parcel Map W.F Photos-W.F.1-Almonds...17 Photos-W.F.1-Pistachios...18 Photos-W.F.1-Open Ground...19 Photos-W.F.1-Infrastructure...20 Photos-W.F Offering Summary A acre offering of farm land located in Westlands Water District. Currently planted to 290 +/- acres of producing almonds, 154 +/- acres of pistachios, with 245 +/- acres of farmable open land. Surface water is provided to the entire ranch by a class 1 surface water allocation from Westlands Water District. Ground water is provided by H.P. electric turbine producing 2,000 gallons per minute with an input horsepower of 527. Page 2

3 The Terms: London Properties or Broker. Broker as used herein includes London Properties Ltd., its Officers, Directors, agents, DBA s and employees. Sellers Rights: Seller hereby reserves the right to accept or reject any offer, terminate negotiations, withdraw the Property from the market without notice, amend the price, terms, conditions, and acreages being offered, and negotiate with multiple prospective purchasers concurrently until a definitive, legally binding Purchase and Sale Agreement is fully executed by Seller and Buyer. Seller also reserves the right to accept backup offers until the close of escrow. Disclaimers: This information Memorandum contains information which may assist a potential buyer in evaluating the subject property for acquisition. Although information herein is and subsequent information to be provided by Broker shall be from sources believed to be reliable, neither Seller, Broker, nor its agents, makes any warranties or representations, express or implied, as to the accuracy, completeness or significance of such information. Buyer should not rely on the accuracy of any such information. It shall be Buyers sole responsibility to conduct an independent investigation and due diligence of the Property, its characteristics, production, soils, crops, water availability, and any other factors of importance to Buyer. Buyer is strongly advised to use qualified industry professionals to determine the suitability of the Property for Buyers intended use. Buyer is also advised that this Memorandum and Property information is dated, and that changes may have occurred prior to, during, and after the time that this Memorandum was prepared. The Property is offered for sale only in its present As-Is condition, and on terms and conditions only as may be set forth in a fully executed, definitive Purchase and Sale Agreement. Seller referenced herein shall be deemed to include its Principals, Directors, Officers, Shareholders, Partners, Associates and Employees. Exclusive Representation Rights: London Properties Ltd. has been granted Exclusive Rights to represent Seller in the offering and sale of the property described herein. All communications, Letters of Intent, Offers, requests for additional copies of this Memorandum, requests for additional information, or for appointments to view may be made by contacting the following parties: Page 3

4 Location, Legal Description, & Zoning W.F. 1 is located on the Southeast corner of W. Dinuba Avenue and S. Hudson Avenue and continues to the East for approximately 1 mile and continues South for approximately 1 mile (please note block 7 is west of Interstate-5). To get to W.F. 1 from Interstate-5, take the W. Manning Avenue exit and head Eastbound for approximately 2 miles. Then turn right (Southbound) onto S. Hudson Avenue and continue South on S. Hudson Avenue for approximately 1 mile and the property will begin on your left-hand (East) side and will continue for approximately ¾ of a mile until you end near Interstate-5. W.F. 2 is located South of W. California Avenue and is ¾ of a mile East of N. Russell Avenue and continues East for ¼ of a mile and South for ½ of a mile. To get to W.F. 2 from Interstate-5, take the W. California Avenue exit and head Eastbound for approximately 2.2 miles. The property will begin on your right-hand (South) side and will continue East for approximately ¼ of a mile and continue South for approximately ½ of a mile. PROPERTY LAND USE TILE APN COUNTY ACRES ZONING COUNTY Windfall S Fresno AE40 Almonds Windfall S Fresno 8.45 AE40 Agricultural Miscellaneous Windfall S Fresno AE20 Almonds Purchase Price & Terms The property composing of farmland is offered for $9,250,000 ($13,180 per acre). The purchase price is exclusive of the growing 2018 crop. There is no personal property to be included in the sale. Page 4

5 Property Assessments PROPERTY TAX PARCEL 1ST INSTALLMENT FOR ND INSTALLMENT FOR S $49.00 $ S $13, $13, S $4, $4, Water & Irrigation Surface water is provided to the entire ranch by a class 1 surface water allocation from Westlands Water District. Ground water is provided to the ranch by H.P. electric turbine producing an approximate 2,000 gallons per minute with a 527 input horsepower when last tested. Water is then provided to the plantings through dual line drip irrigation (See page 8 for drip emitter spacing). Page 5

Production History 2017 BLOCK CROP NET PLANTED GROSS POUNDS PER ACRES POUNDS ACRE 10 Non Pareil 38.0 122,350.0 3,219.7 Plantings by Crop Butte Wood Colony Non Pareil 10 Monterey 37.0 109,101.0 2,948.

6 Production History 2017 BLOCK CROP NET PLANTED GROSS POUNDS PER ACRES POUNDS ACRE 10 Non Pareil , ,219.7 Plantings by Crop Butte Wood Colony Non Pareil 10 Monterey , , , 4, 5 & 6 Non Pareil , ,607.9 Winters Monterey 3 & 4 Carmel , , & 4 Winters , , , 5 & 6 Butte , , , 5 & 6 Wood Colony , ,957.1 Carmel Non Pareil 2016 BLOCK CROP NET PLANTED GROSS POUNDS PER ACRES POUNDS ACRE 10 Non Pareil , ,702.2 Butte Wood Colony Non Pareil 10 Monterey , , , 4, 5 & 6 Non Pareil , ,456.0 Winters Monterey 3 & 4 Carmel , , & 4 Winters , , , 5 & 6 Butte , , , 5 & 6 Wood Colony , ,922.3 Carmel Non Pareil Page 6

7 Production History Continued 2015 BLOCK CROP NET PLANTED GROSS POUNDS PER ACRES POUNDS ACRE 10 Non Pareil , ,143.1 Plantings by Crop Butte Wood Colony Non Pareil 10 Monterey , , , 4, 5 & 6 Non Pareil , ,251.4 Winters Monterey 3 & 4 Carmel , , & 4 Winters , , , 5 & 6 Butte , , , 5 & 6 Wood Colony , ,657.2 Carmel Non Pareil Structures & Staging Areas NAME Site 1 (Windfall 1) DIMENSIONS 600 HP Electric turbine Site 2 (Windfall 1) Site 1 (Windfall 2) Site 2 (Windfall 2) 100 HP Electric booster, and a diesel booster 8 Flow Guard brand sand media filters and 2 Jain brand sand media filters 3 Lakos brand sand media filters 25 x50 Unlined resevoir 15 HP Electric Baldor brand booster W.W.D. Turnout labeled: 1R 1.5 W O S Page 7

8 Block Data Almonds - Windfall 1 BLOCK NET PLANTED PLANTING IRRIGATION DRIP EMITTER TREE TREES NUMBER VARIETALS ROOTSTOCK ACRES DATE TYPE SPACING SPACING PER ACRE 3 Non-Pareil, Monterey Nemaguard Dual line drip 32 Inches 24 x & Winters 4 Non-Pareil, Monterey, Nemaguard Dual line drip 32 Inches 24 x Winters, Wood Colony & Butte 5 Non-Pareil, Wood Nemaguard Dual line drip 32 Inches 24 x Colony & Butte 6 Non-Pareil, Wood Nemaguard Dual line drip 32 Inches 24 x Colony & Butte Acres of open ground Acres of open ground Acres of open ground. Pistachios - Windfall 1 BLOCK FEMALE MALE NET PLANTED PLANTING IRRIGATION DRIP EMITTER TREE TREES NUMBER PLANTINGS PLANTINGS ROOTSTOCK ACRES DATE TYPE SPACING SPACING PER ACRE 1 Golden Hills Randy UCB Dual line drip 34 Inches 20 x Golden Hills Randy UCB Dual line drip 34 Inches 20 x Almonds - Windfall 2 BLOCK NET PLANTED PLANTING IRRIGATION DRIP EMITTER TREE TREES NUMBER VARIETALS ROOTSTOCK ACRES DATE TYPE SPACING SPACING PER ACRE 10 Non-Pareil Nemaguard Dual line drip 28 Inches 24 X & Monterey Page 8

9 Infrastructure Map ^ DINUBA AVE DINUBA AVE ^ HUDSON AVE 5 5 HUDSON AVE 5 5 &, Well &, 3 JERROLD AVE DINUBA AVE FT FT Page 9

10 Block Map Dos Palos Direction to W.F. 2 DINUBA AVE San Benito ^ Helm Cantua Creek San Joaquin Acres 9 Blocks Block 1 Block 6 2 Block 2 Block 7 HUDSON AVE Block 3 Block 4 Block 5 Block 8 Block 9 Block ,700 3,400 FT CALIFORNIA AVE 7 10 JERROLD AVE Direction to W.F Page 10

11 Local Map FAIRFAX AVE San Benito Dos Palos ^ Cantua Creek San Joaquin Helm Direction to W.F. 2 DINUBA AVE Acres 00 1,700 3,400 FT HUDSON AVE CALIFORNIA AVE 5 JERROLD AVE Direction to W.F. 1 5 Page 11

12 Regional Map San Benito Dos Palos ^ Cantua Creek San Joaquin Helm CALIFORNIA AVE JENSEN AVE W.F. 2 NORTH AVE CALIFORNIA AVE Acres 00 10,000 20,000 FT JENSEN AVE NORTH AVE AMERICAN AVE BRANNON RD AMERICAN AVE Panoch e Cree k 5 5 PANOCHE RD SOUTH AVE FAIRFAX AVE HUDSON AVE JERROLD AVE NEWCOMB AVE DOUGLAS AVE LYON AVE W.F. 1 NEWCOMB AVE YON AVE Page 12

NRCS Soils Map Dos Palos Direction to W.F. 2 DINUBA AVE San Benito ^ Helm Cantua Creek San Joaquin 491 701.

13 NRCS Soils Map Dos Palos Direction to W.F. 2 DINUBA AVE San Benito ^ Helm Cantua Creek San Joaquin Acres Soils Guijarral Sandy Loam HUDSON AVE Excelsior Sandy Loam Ciervo Clay Cerini Clay Loam (0-2%) Cerini Sandy Loam Cerini Clay Loam (0-5%) CALIFORNIA AVE ,700 3,400 FT 479 JERROLD AVE 459 Direction to W.F Page 13

14 Slope Map Dos Palos Direction to W.F. 2 DINUBA AVE San Benito ^ Helm Cantua Creek San Joaquin Acres Percent Slope 0-2 HUDSON AVE ,700 3,400 FT CALIFORNIA AVE JERROLD AVE Direction to W.F Page 14

15 Assessor s Parcel Map W.F.1 Page 15

16 Assessor s Parcel Map W.F.2 Page 16

17 Photos W.F.1-Almonds Page 17

18 Photos W.F.1-Pistachios Page 18

19 Photos W.F.1-Open Ground Page 19

20 Photos W.F.1-Infrastructure Page 20

21 Photos W.F.2 Page 21

FOR SALE /- Acres of SSJMUD Almonds and Open Farmland. Morgan Houchin Tech Ag Financial Group, Inc

FOR SALE /- Acres of SSJMUD Almonds and Open Farmland. Morgan Houchin Tech Ag Financial Group, Inc FOR SALE 117.44 +/- Acres of SSJMUD Morgan Houchin P.O. Box 98 Buttonwillow, CA 93206 Neither the Seller, nor makes any representations or warranties, either expressed or implied as to the accuracy or