Waller Ranch SANTA MARIA VALLEY, CALIFORNIA. West Side Santa Maria Berry Ground. 39± Useable Acres ($64,000± per acre) Available for $2,503,000

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1 Waller Ranch SANTA MARIA VALLEY, CALIFORNIA West Side Santa Maria Berry Ground 39± Useable Acres ($64,000± per acre) Available for $2,503,000 Presented by: Rincon corporation

2 WALLER Ranch, Santa Maria Valley, CA 2 Property Information Price: $2,503,000 or $64,000± per acre Based upon approximately 39 net useable acres. Size: ± Acres (1) in Santa Barbara County (1) The Property in its current state is not a valid parcel. The owners are obtaining a certificate of compliance with the County of Santa Barbara. The sale of this property is subject to the county approval of a certificate of compliance. Location: The Property is located on the west side of the Santa Maria Valley, at the southwest corner of West Betteravia and Ray Roads, within the County of Santa Barbara. U.S. Highway 101 is approximately six miles to the east. Description: Present Use: The Property has a useable area of approximately 39 acres of level, prime irrigated farm ground. This efficient ranch enjoys a uniform rectangular shape and generally level topography. The Property possesses approximately one-fifth mile of frontage on the south side of Betteravia Road and is close to one-half mile in depth. The Property consists of open farm ground which is currently farmed to strawberries. However, the property is suitable for the growing of most vegetable and berry crops. Leases: Building Improvements: The Property is subject to a 3-year lease with D L Farm Management, Inc. The lease expires on December 31, No farm buildings exist on the Property.

3 WALLER Ranch, Santa Maria Valley, CA 3 Property Information (Continued) Water Source: The water source for this Property is from one, recently developed (2015) on-site operable agricultural well located on the Property, reportedly producing approximately 500 GPM. In addition, an underground high pressure PVC delivery irrigation system is in place. Water quality is good for growing most crops. Approximate well production and data for the well is as follows: Developed Depth (Feet) Casing Production (GPM) ± *Note: There is a pump test and water quality report (2015) available for review upon request. Topography & Drainage: Soils: The ranch features level topography with the exception of a very gentle downward slope at the north end of the property. According to the Natural Hazard Disclosure report (NHD), the property is not located in a FEMA Special Flood Hazard Area. Soils are primarily Botella loamy sand, which are intensively farmed soils on the west side of the Santa Maria Valley. (For further detail, see soils map on Page 4.) Zoning: The Property is zoned AG II 100. Agricultural Preserve: This Property is in the Agricultural Preserve (Williamson Act). Utilities: The Property is serviced with power by PG&E. Property Taxes: APN: Taxes: $691.66

4 WALLER ranch, Santa Maria valley, ca Soil Map Soil Map 4 Map Symbol Soil Name Slope (%) Acres in AOI % of AOI BcF Ballinger silt clay 30% to 45% % BmA Betteravia loamy sand 0% to 2% % BmC Betteravia loamy sand 2% to 9% % Nvc Narlon sand, hardpan variant 2% to 9% % TcG Terrace escarpments, sandy % TOTAL FOR AREA OF INTEREST %

5 WALLER ranch, santa Maria Valley, ca Parcel Map 5

6 WALLER Ranch, Santa Maria Valley, CA 6 View to Southwest from Betteravia Road Newly developed (2015) onsite well rincon corporation Larry Lahr: LLahr@rinconcorp.com BRE Frank Ferrero: FFerrero@rinconcorp.com BRE South Broadway Street, Suite 102 Orcutt, CA BRE: