FOR SALE. Arvin-Rancho Rd. Farmland Opportunity ± acres, Kern County, California. CA BRE #

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1 FOR SALE Arvin-Rancho Rd. Farmland Opportunity David Rd Edison Rd Rancho Rd Site 1 Site 2 Offsite well ± acres, Kern County, California District and Well Water Strong Soils Located in White Wolf Basin Suitable for Many Permanent Crops Tax Benefits Exclusively Presented By: Pearson Realty CALIFORNIA S LARGEST AG BROKERAGE FIRM CA BRE #

2 LOCATION: DESCRIPTION: LEGAL: SOILS: WATER: PRICE & TERMS: Arvin-Rancho Rd Farmland Opportunity ± acres $8,000,000 ($21,542± per acre) Site 1 (158± acres) is on the west side of Rancho Rd ¼ mile south of the intersection of David Rd and Rancho Rd. Site 2 (213.37± acres) is on the west side of Rancho Rd 1/3 mile south of Site 1. This farmland offering is just 5± miles south of Arvin, 25± miles south west of Bakersfield, and 114± miles north of Los Angeles. This ± acre opportunity is in the desirable early farming window of Arvin, Ca. The strong soils are being farmed to a carrot and potato rotation. Additionally, Site 1 is improved with a nice manufactured home, shop, quasit hut, shed, and fenced equipment yard. The offering would be well suited for development to table grapes, citrus, blueberries, stone fruit, almonds, pistachios, or continued use for row, field or vegetable crops. According to the Kern County website both sites are zoned Exclusive Agricultural (A), and Site 1 is enrolled in the Williamson Act, but Site 2 is not. Site 1 is in the NE ¼ of Section 36, Township 10N, Range 19W SBB&M, APN: Site 2 is Ptn of Section 1, Township 11N, Range 19W, SBB&M, APN: Kern County, California. Site 1 (158± acres) 63±% (201) Hesperia sandy loam, 0 to 2% slopes, Ca Rev Storie Index rated Grade 1-Excellent 37±% (312) Vineland-Bakersfield complex, drained, 0 to 1% slopes, Ca Rev Storie Index rated Grade 2-Good Site 2 (213.37± acres) 40±% (201) Hesperia sandy loam, 0 to 2% slopes, Ca Rev Storie Index rated Grade 1-Excellent 60±% (312) Vineland-Bakersfield complex, drained, 0 to 1% slopes, Ca Rev Storie Index rated Grade 2-Good All of the farm is located in the desirable White Wolf Basin. Both sites are located within the boundaries of the Arvin Edison Water Storage District (AEWSD). Site 1 (158± acres) receives contract water entitlement through meter T18. Additionally, Site 2 is also located within the boundaries of Wheeler Ridge Maricopa Water Storage District (WRMWSD). Site 2 (213.37± acres) is irrigated with well water from an off-site AG well, it is equipped with a 300 HP electric motor. The well is 1± mile south of Site 2 along west side of Rancho Rd and connected by a pipe line and easement to Site 2. Sites 1 and 2 are connected by a pipe line along Rancho Rd. In 2018 for Site 1, AEWSD plans to deliver all water required by its growers through April 2018 and plans to deliver 1.3 to 1.6± acre feet/acre per contract acre during the months of May 2018 to September 2018, and no restrictions on use between October 2018 and February In 2018 the district levies two primary charges; the Water Use Charge is $174±/acre foot, and the Standby Charge $100±/acre (applied against actual water use charge). On behalf of the districts the Kern County Tax collector collects the following with the 17/18 property taxes, AEWSD General Admin and General Project Service Charge of $99.49± /acre on Site 1, and $99.44± /acre on Site 2, and WRMWSD charges of $21.72±/acre. $8,000,000 or $21,542± /acre excluding any remaining mineral rights. Seller is willing to entertain selling Site 1 (158± acres) separately. Cash at close of escrow. Possession will be granted at completion of the harvest of planted crops and/or reimbursement of any farming costs toward the next crop. CALIFORNIA S LARGEST AG BROKERAGE FIRM

3 APN Maps Site 1 Site 2

4 soil map ' 22'' W California Revised Storie Index (CA) Kern County, California, Southwest Part (158+-acres, soil map, prepared by Robb Stewart, AFM ) ' 44'' W ' 28'' N 35 4' 47'' N Site 1 Soil Map may not be valid at this scale ' 28'' N 35 4' 47'' N W W Map unit symbol Map unit name Rating Component name (percent) Percent of AOI 201 Hesperia sandy loam, 0 to 2 percent slopes Grade 1 - Excellent Hesperia (85%) 63.0% 312 Vineland- Bakersfield complex, 0 to 1 percent slopes, drained Grade 2 - Good Vineland, drained (50%) 37.0% Totals for Area of Interest 100.0%

5 soil map ' 57'' W California Revised Storie Index (CA) Kern County, California, Southwest Part ( acre soil map, prepared by Robb Stewart, AFM ) ' 41'' W 35 4' 22'' N 35 3' 41'' N Site 2 Soil Map may not be valid at this scale ' 22'' N 35 3' 41'' N W W Map unit symbol Map unit name Rating Component name (percent) Percent of AOI 201 Hesperia sandy loam, 0 to 2 percent slopes Grade 1 - Excellent Hesperia (85%) 39.5% 312 Vineland- Bakersfield complex, 0 to 1 percent slopes, drained Grade 2 - Good Vineland, drained (50%) 60.5% Totals for Area of Interest 100.0% Site 1

6 photos Site 1 Site 1 Site 1 Site 1 Site 1 Site 1

7 Photos Site 1 Site 1 Site 2 Site 2 Site 2 Off Site Well

8 LOCATION MAP Rancho Rd US I-5 Site 1 Site ± mile Off Site Well REGIONAL Map 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.