BUILD YOUR OWN CUSTOM ESTATE HOME DEVELOPMENT OPPORTUNITY UNTOUCHED AND PRISTINE

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Brent Knight
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O F F E R I N G M E M O R A N D U M BUILD

OPPORTUNITY UNTOUCHED AND PRISTINE Santa

Last Of Its Kind In The Santa Ynez Valley.

1 O F F E R I N G M E M O R A N D U M BUILD YOUR OWN CUSTOM ESTATE HOME DEVELOPMENT OPPORTUNITY UNTOUCHED AND PRISTINE Santa Barbara Wine Country WORLDBID AUCTION BIDS DUE BY AUGUST 2, Acres. Seven Buildable 20-Acre Lots. Last Of Its Kind In The Santa Ynez Valley. PUBLISHED RESERVE AUCTION. THE PROPERTY WILL BE SOLD TO THE HIGHEST BIDDER.

PAGE 2 Listing Broker Randolph Pace (805) 403-6162 rmpace@comcast.net 1 2 3 DUE DILIGENCE INDEX SELLER FINANCING 4 AUCTION INFORMATION Auction Representative, Braun David Jaffe 310.798.

2 PAGE 2 Listing Broker Randolph Pace (805) rmpace@comcast.net DUE DILIGENCE INDEX SELLER FINANCING 4 AUCTION INFORMATION Auction Representative, Braun David Jaffe X225 David@BraunCo.com BraunCo.com/ZacaPreserve Offices throughout the United States serving the North American Markets BRE # BOND # AUCTION INFORMATION DUE DILIGENCE & SELLER FINANCING

3 1Adjacent to the 101 Freeway in the Santa Ynez Valley. Located less than 45 miles Northwest of Santa Barbara. PAGE 3

4 Property has gorgeous views in all directions of the Santa Ynez Valley. WEST VIEWS EAST VIEWS PAGE 4 NORTH VIEWS SOUTH VIEWS

5 ARTISTS RENDERING OF VINEYARD POTENTIAL AND ORGANIC FARM PAGE 5 BUILD YOUR ESTATE HOME GROW GRAPES HORSE PROPERTY

6 THE POTENTIAL DEVELOPMENT VISION PAGE 6

7 LOCATION 40 miles away from Santa Barbara. Located in the heart of the Santa Ynez Valley and Santa Barbara Wine Country. 20 minutes to Gaviota Beach Property Buellton Santa Ynez Valley Solvang Los Olivos Gaviota Capitan Santa Barbara PAGE 7

ZACA PRESERVE Zaca preserve is an untouched, pristine parcel of rolling oak woodlands and grasslands, the only approved and potential ranchette style subdivision located in the Santa Ynez Valley Wine

8 ZACA PRESERVE Zaca preserve is an untouched, pristine parcel of rolling oak woodlands and grasslands, the only approved and potential ranchette style subdivision located in the Santa Ynez Valley Wine Country of Santa Barbara County, totaling 143 acres and including up to 7 (seven) 20 acre estate ranchette lots. HISTORY In the 1970 s, local rancher and Board Supervisor for Santa Barbara County Willy Chamberlin sponsored an agricultural preservation ordinance which effectively eliminated the possibility that any significant subdivision would be developed in nearly all the rural lands of Santa Barbara County. In the highly esteemed Santa Ynez Valley, this has virtually eliminated any subdivision of County Land, with only a very few infill projects in the local towns of Buellton, Solvang and Santa Ynez. In 2005 the current owner purchased the property for investment purposes. Shortly thereafter, the Santa Ynez Valley went through a Community Planning Process that lasted until 2011 during which time no applications for development were allowed to be processed. The resulting community plan incorporated the rezoning of this 143 acres and provided for community consensus that this remaining large parcel could be subdivided into 20 acre lots, the highly coveted agricultural ranchettes of the Santa Ynez Valley. In January 2012, the Owner filed its application for the subdivision of the property into 7 (seven) 20 acre parcels. Five years later, on April 15, 2017 the Planning Commission formally approved the Subdivision Map. PAGE 8 NATIVE GRASSES ARE PREVALENT ON THIS PRISTINE PARCEL

OVERVIEW This gorgeous property of rolling oak woodlands, natural grasslands and coastal scrub habitat is now available as a pristine and untouched natural parcel for the next owner who will have the

The approved subdivision map has been planned in a way that requires minimal development infrastructure. The parcel will be served by a less than 1/2 mile lane with underground utilities.

9 OVERVIEW This gorgeous property of rolling oak woodlands, natural grasslands and coastal scrub habitat is now available as a pristine and untouched natural parcel for the next owner who will have the flexibility to craft a single large estate, or to subdivide the property into 20 acre lots, or any combination thereof. The approved subdivision map has been planned in a way that requires minimal development infrastructure. The parcel will be served by a less than 1/2 mile lane with underground utilities. This access road can provide for private access for the estate owner or community access to the 7 (seven) 20 acre subdivided lots. GREAT OPPORTUNITY FOR VINEYARD DEVELOPMENT The natural resources of the parcel include 2 tested and functioning wells which draw from the Buellton aquifer, known for its estimated 200 year reserve capacity and can support vineyard development or any other agricultural initiatives. Zaca Preserve has expansive developable home sites with its steeper slopes and important native features such as oak woodlands which are protected as un-developable. Each of the 20 acre lots can be developed with a primary estate residence and secondary residence and can include supporting barns and other agricultural structures as required. This property is perfect for either the individual who wants to develop a large estate or who wants to land bank the property with it s 3 year entitlements, or the developer who wants a subdivision of lots for building custom homes or could just be sold off as lots. The property has stunning views of the Santa Ynez Valley and its beautiful Mountain ranges. Each building PAGE 9 there is no other parcel and in all likelihood there will never be another parcel in the Santa Ynez Valley that provides for 7 distinct 20 acre lots all as part of an Estate Community.

The property is located in the heart of the Santa Ynez Valley. It is 40 minutes from Santa Barbara and less than 2 hours from Los Angeles.

10 OVERVIEW CONTINUED DIVERSE LANDSCAPE site on each lot has total privacy. The site is easily accessed just off highway 101 with its own frontage road and lies between Buellton to the South, Los Olivos to the North and Solvang to the East. The property is located in the heart of the Santa Ynez Valley. It is 40 minutes from Santa Barbara and less than 2 hours from Los Angeles. The current owner has carried this investment property for over 12 years as it went through an exhaustive entitlement process. Direct costs related to approvals total in excess of $1,000,000. There are currently only a few 20 acre parcels available for purchase in the Santa Ynez Valley with prices ranging from a low of around $700,000 up to $2 million with an average price of approximately $1.2 million. However, in the Santa Ynez Valley there is no other parcel and in all likelihood there will never be another parcel that provides for 7 distinct 20 acre lots all as part of an Estate Community (See current 20 acre parcel listings). PAGE 10

11 DEVELOP AS A 143-ACRE ESTATE PARCEL, OR UP TO SEVEN 20-ACRE LOTS PAGE 11 THE PARCEL IS FULLY ENTITLED.

MARKET OVERVIEW SANTA YNEZ VALLEY Located in northern Santa Barbara County, California, the Santa Ynez Valley is just 35 miles from the beaches of Santa Barbara, 125 miles up the coast from Los

12 MARKET OVERVIEW SANTA YNEZ VALLEY Located in northern Santa Barbara County, California, the Santa Ynez Valley is just 35 miles from the beaches of Santa Barbara, 125 miles up the coast from Los Angeles and 300 miles south of San Francisco. The region is easily accessible via vehicles on U.S. Highway 101 and State Highways 154 and 246. Private aircraft land at Santa Ynez Airport (IZA). Santa Ynez Valley is one of five distinct American Viticultural Areas (AVA) in Santa Barbara County s vast wine country, and more than 50 varietals thrive in the area s diverse micro-climates. The unusual eastwest orientation of the coastal mountains creates transverse valleys that funnel cool Pacific Ocean air and fog inland during the late afternoon and evening. The resulting hot sunny days and cool nights are a winning combination for both wine grapes and wine tasters. The Oscar-winning 2004 movie Sideways shot on location throughout the area and helped to plant the Santa Ynez Valley firmly on the international wine map. Most of the 120+ wineries located here are small boutique operations and many are family-owned and operated. Visitors enjoy the area s strong rural flavor and tasting world-class wines in an unpretentious, friendly atmosphere where it s not unusual to end up chatting with the winemaker or owner either at the winery or in-town tasting rooms. The picturesque Santa Ynez Valley encompasses six communities clustered closely together like wine grapes. From the charming, tiny gem of rural Ballard, the bustling gateway city of Buellton, the vintage western town of Los Alamos, the arts-influenced wine-infused town of Los Olivos and the turn-of-the-20th-century township of Santa Ynez, to the northern European atmosphere of the city of Solvang founded by Danish-Americans in 1911, it s relaxing and refreshing to meander and experience them all. Just two hours up the coast from Los Angeles, it feels like a world away with endless possibilities. STUNNING VIEWS OF THE SANTA YNEZ MOUNTAINS PAGE 12

DUE DILIGENCE SUMMARY COMPARABLE LOTS AND LOT SALES There are currently 9, 20-acre plus lots listed for sale in the Santa Ynez Valley areas of Santa Ynez, Solvang, Buellton and Los Olivos (see Index).

13 DUE DILIGENCE SUMMARY COMPARABLE LOTS AND LOT SALES There are currently 9, 20-acre plus lots listed for sale in the Santa Ynez Valley areas of Santa Ynez, Solvang, Buellton and Los Olivos (see Index). COUNTY AND RELATED ENTITY APPROVALS AND ZONING The Property is approved for development of 7 (seven) 20 acre parcels subject to Conditions of Approval and recording of a Final Subdivision Map. The owner has until April 15, 2020 to file the application for the Final Subdivision Map and an additional 3 years of extensions could be available if required. Recording of the Subdivision Map is not required and the parcel could be developed as a single estate parcel with none of the conditions of Approval (see Index). WATER SYSTEM The water system as currently engineered is comprised of 2 wells which have been tested with regards to production, interference with other wells and water quality. The wells meet all County Standards (well reports, see Index). The water system is a simple design comprised of storage cisterns to-belocated on each of the lots which are the responsibility of the ultimate homeowner. The cisterns are filled each night by the shared well system. This design provides a great degree of self-sufficiency and low cost water source for the home structures and supports any agriculture use on the property (see Index). Due PROPERTY Diligence OVERVIEW Summary ENVIRONMENTAL AND CULTURAL An Environmental Negative Declaration Report was prepared for the Property and proposed sub division and was adopted by Santa Barbara County. A Botanical Survey was conducted which was part of the basis for the Negative Declaration. An archeology study was conducted to ensure the property is developable and that any existing artifacts will not interfere in a significant manner with development of the property. PAGE 13 RENDERING OF THE RANCHETTE STYLE DEVELOPMENT POTENTIAL

APPROVED USES OF THE PARCEL AND RESULTING 20 ACRE PARCELS The zoning and conditions of approval provide for the agricultural use of the lots in addition to the building of a primary house and

14 APPROVED USES OF THE PARCEL AND RESULTING 20 ACRE PARCELS The zoning and conditions of approval provide for the agricultural use of the lots in addition to the building of a primary house and secondary house. STORM WATER A study of the adjoining Dry Creek Drainage was conducted to meet the requirements of the Army Corp of Engineers and the Development Plan was found to be in compliance with existing policy. SEWER SYSTEM The sewer system is comprised of leach fields on each parcel. Percolation tests were performed to substantiate that the soils will accommodate this type of system (Percolation test reports, see Index). ROAD SYSTEM AND ACCESS The development is approved and it was determined that the property can be accessed off off the 101 freeway via the Jonata Park frontage road and that there were no required offsite road improvements. The developer can create an appropriate entrance gate and related monument to define the entrance to the subdivision (Report, see Index). Grading Plans provide for minimal cut and fill and the projected excess tonnage can easily be sold off-site for proposed developments within the Santa Ynez Valley. PAGE 14 TYPICAL BARN ARCHITECTURE REPRESENT THOSE OF THE SANTA YNEZ VALLEY

DUE DILIGENCE INDEX 2A complete and comprehensive package of Due Diligence information information is available for review. Contact David Jaffe for access: 310.798.

Tentative Map Photos 4. Zaca Initial Study 9.15.16 5. Botanical Survey 11.17.14 6. Drainage Study for Crossing Dry Creek 7.

15 DUE DILIGENCE INDEX 2A complete and comprehensive package of Due Diligence information information is available for review. Contact David Jaffe for access: x225 or The property is fully entitled for the subdivision or 7, 20-acre lots. 1. Condition of Approval 2. Approved Tentative Map 3. Tentative Map Photos 4. Zaca Initial Study Botanical Survey Drainage Study for Crossing Dry Creek 7. Extended Phase 1 Archaeological Investigation 8. Percolation Docs for 7 lots 9. Plains All American Pipeline 10. Cost Estimate DUE DILIGENCE & SELLER FINANCING PAGE 15 PLENTY OF OPEN SPACE TO ENJOY ON THESE 20-ACRE PARCELS.

SELLER FINANCING AND INCENTIVES 3 Seller will provide Seller Financing for Bids over $4.75 million in an amount up to 40% of the Purchase Price. For Bid s over $6.

16 SELLER FINANCING AND INCENTIVES 3 Seller will provide Seller Financing for Bids over $4.75 million in an amount up to 40% of the Purchase Price. For Bid s over $6.25 million in addition to providing Seller Financing, Seller will pay the seven percent (7%) Buyers Premium. Any Seller Financing will be in the form of a First Position Fixed Rate Note with a Term of three (3) years at a simple Annual Interest Rate of seven percent (7%) interest only payable quarterly. DUE DILIGENCE & SELLER FINANCING PAGE 16

17 4HOW TO REGISTER AND BID AUCTION DATE: AUGUST 2, 2017 PUBLISHED RESERVE AUCTION. The property will be sold to the highest bidder. In order to bid, you must submit your sealed bid, registration deposit and proof of funds on or before August 2, 2017 at 12PM PT. This is a two-tiered sealed bid process. STEP ONE: QUALIFYING ROUND To register for this auction and receive a complete Due Diligence package, call David Jaffe x225. The first tier Qualifying Round is the submission of your binding, sealed bid which is due August 2, 2017 by 12pm PST. REGISTRATION DEPOSIT TO BID A $40,000 registration deposit and your sealed bid form must be received by Braun Worldbid no later than August 2, 2017 at 12PM PT. Forms are available on our website BraunCo.com/ZacaPreserve Submit your form in a sealed envelope by FedEx or other overnight delivery service. Mail your $40,000 cashier s check payable to Fidelity Title and Escrow to Braun Worldbid, 440 Pacific Coast Hwy, Hermosa Beach, CA Attention: Zaca Preserve WIRE TRANSFER: Wire your $40,000 deposit to Braun Worldbid (contact us for any further wiring information). On August 7, 2017, the top 33% of bidders will be notified that they advance to the Highest and Best round. STEP TWO: HIGHEST AND BEST ROUND The second tier Highest and Best Round is the submission of your binding, sealed bid which is due August 9, 2017 by 12pm PST. Forms are available on our website BraunCo.com/ZacaPreserve. On August 10, 2017, The highest bidder will be notified. Winner has 30 days to close Escrow. PRE-AUCTION OFFER Seller may accept offers through listing broker and reserves the right to sell the property prior to July 21, PAGE 17 AUCTION INFORMATION

18 HOW TO REGISTER AND BID, CONTINUED EARNEST MONEY DEPOSIT FOR BUYER In total, the buyer will be required to provide ten percent (10%) of their final Contract price (which includes buyer s premium and your $40,000 registration deposit) upon the opening of the escrow, which will be wired to Fidelity Title and Escrow within 48 hours of bid acceptance. BUYER S PREMIUM A seven percent (7%) buyer s premium -- which compensates the broker, buyers broker and Braun Worldbid--will be added to the winning bid price which is the Contract Price. BUYER BROKER PARTICIPATION A two percent (2.0%) commission will be paid to any licensed broker who represents and registers a successful buyer. The broker registration form must be received by August 1, 2017 at 12pm PT to receive the commission. PROPERTY INFORMATION We suggest bidders review all property information prior to Auction Day. The property information is a compilation of forms, reports, and title information related to the property and is available on our website for review and download. David@BraunCo.com to request access. PROPERTY SHOWINGS Contact David Jaffe or Randolph Pace to arrange an appointment time: PAGE 18 Listing Broker Randolph Pace rmpace@comcast.net Auction Representative, Braun David Jaffe X225 David@BraunCo.com AUCTION INFORMATION

19 DISCLAIMER DISCLAIMER: BRAUN and Randolph Mitchell Pace make no representations or warranties on approved uses of the property. This brochure is provided for the sole purpose of allowing a potential buyer to evaluate the subject property. The potential buyer is urged to perform its own examination and inspection of the property and information relating to same, and shall rely solely on such examination and investigation and not on this brochure or any materials, statements or information contained herein or otherwise provided. Neither BRAUN or Randolph Mitchell Pace, its members, managers officers, employees or agents, nor any of its partners, directors, officers, employees and agents, nor owner, make any representations or warranties, whether express or implied, by operation of law or otherwise, with respect to this brochure or the property or any materials, statements or information contained herein or relating thereto, or as to the accuracy or completeness of such materials, statements or information, or as to the condition, quality or fitness of the property, or assumes any responsibility with respect thereto. Such materials, statements and information have in many circumstances been obtained from outside sources and have not been tested or verified. Projections, in particular, are based on various assumptions and subjective determinations as to which no guaranty or assurance can be given. Without limiting the foregoing, in the event this brochure contains information relating to any hazardous materials in relation to the property, such information shall in no way be construed as creating any warranties or representations, expressed or implied, by operation of law or otherwise, by BRAUN, Randolph Mitchell Pace, broker, sales agents or owner, as to the existence or non-existence or nature of hazardous materials in, under, on or around the property. This brochure is provided subject to errors, omissions, prior sale or lease, change of price or terms and other changes to the materials, statements and information contained herein or relating to the Property. BRAUN and Randolph Mitchell Pace will not be responsible if the property is unsatisfactory to the buyer in any way. PROPERTY VALUE: Buyers are responsible for conducting their own due diligence. We suggest that all buyers do their own due diligence in regards to assessing value. Seller will be accepting offers and reserves the right to sell the property prior to July 21, PUBLISHED RESERVE: This is a published reserve auction with a minimum bid of $4,000,000 PAGE 19

20 OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM intended for buyers interested in the real property located at Jonata Park Road, Buellton, CA as more particularly described here-in ( Property ). This memorandum contains information pertaining to the Property s seller and has been prepared by BRAUN, ( BRAUN ). Although the seller has reviewed this memorandum, it does not purport to be all-inclusive or contain all of the information that a potential investor may desire. Neither the seller, nor any of its members, officers, directors, employees or agents, nor BRAUN, nor broker, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The seller, BRAUN, disclaims any liability which may be based on such information, errors therein, or omissions therefrom. The information contained herein represents estimates based on assumptions considered reasonable under the circumstances. No representations or warranties, expressed or implied, are made that the property will conform to such use and development. There is no representation as to environmental condition of the property, or as to any other aspect of the property. PAGE 20

AUCTION NO RESERVE. 11,112 SF OFFICE BUILDING 1024 E Los Ebanos Blvd, Brownsville, TX BIDS DUE BY FEBRUARY 25, 2016

AUCTION NO RESERVE. 11,112 SF OFFICE BUILDING 1024 E Los Ebanos Blvd, Brownsville, TX BIDS DUE BY FEBRUARY 25, 2016 AUCTION NO RESERVE 11,112 SF OFFICE BUILDING 1024 E Los Ebanos Blvd, Brownsville, TX BIDS DUE BY FEBRUARY 25, 2016 O F F E R I N G M E M O R A N D U M OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM