Olson Ranch

EXECUTIVE SUMMARY

• 2,101.25 +/- gross assessed acres located in Monterey County. Nine Assessor’s Parcel Numbers.

• Remaining vineyard blocks will be removed in Winter/Spring 2025 | 580.35 +/- net acres of fallow farming blocks | 1,520.90 +/- acres of supporting and ancillary land which includes rangeland, hillsides, and mountains.

• Potential Citrus, Avocado, Row Crop Development Opportunity.

• Irrigation water is currently supplied to the farming blocks via 1 on-site diesel-powered agricultural well pumping at a rate of approximately 2,400 +/- gallons per minute (“GPM”) per Seller’s estimate, which is distributed throughout the Property via underground PVC main and lateral pipelines. One on-site reservoir provides 350 +/- acre-feet of water storage capacity.

• Property is located in the Santa Lucia Highlands sub-American Viticultural Area (“AVA”), greater Monterey and Central Coast AVAs, and California Grape Pricing District 7.

• The Santa Lucia Highlands wine growing region in western Monterey County achieved formal American Viticulture Appellation recognition in 1991. Since then, it has
emerged as the premier cool-climate Pinot Noir and Chardonnay growing region on America’s West Coast. The small but mighty appellation is home to multi-generation
farmers and revered winemakers who craft award-winning wines. Refer to page 21 for additional AVA details.

• According to the CA Department of Water Resources’ (“DWR”) website, the Property is located in the Sustainable Groundwater Management Act (“SGMA”) Bulletin 118

• Basin “3-004.04”, Salinas Valley Basin, Forebay Aquifer Subbasin, which is currently a Medium-Priority, Non-Critically Overdrafted Subbasin. The DWR-approved Forebay Aquifer Subbasin Groundwater Sustainability Plan (“GSP”) dated January 2022 is currently projecting no decrease in annual sustainable yields through 2070. Refer to Section 6 of the January 2022 GSP [ LINK TO GSP REPORT] for further details regarding projected sustainable yields. Buyers must independently verify all SGMA information.

• Major structural improvements include a 3,200 +/- square foot Shop and 1,742 +/- square foot Residence, both serviced by an on-site domestic well.

• Purchase Price: $19,900,000 ($34,290 +/- per net farmable acre, $9,471 +/- per gross acre) all cash at the close of escrow.

ALL INFORMATION CONTAINED HEREIN AND SUBSEQUENT INFORMATION PROVIDED IS DEEMED RELIABLE BUT NOT GUARANTEED BY SELLER NOR BROKER AND MUST BE INDEPENDENTLY VERIFIED BY PROSPECTIVE PURCHASERS (RECEIVING PARTY/RECIPIENT/BUYER) AND THEIR REPRESENTATIVES TO DETERMINE THE SUITABILITY FOR BUYER’S/RECIPIENT'S INTENDED USES. Buyer’s communications, copies of the Copyrighted Confidential Overview, copies of the Copyrighted Confidential Information Memorandum ("CIM"), viewing of the Property, Letter of Intent submissions, Property Due Diligence data requests, and Property Due Diligence site visits shall be directed through Seller’s exclusive representative, The Mendrin Group. Private Property tours are strictly by appointment only with 48 hours prior notice.

For more information contact:

www.mendrins.com  |  f. (559) 436.0151

5250 N. Palm Avenue, Suite 212, Fresno, California 93704
Fig Garden Financial Center

ALEX D. MENDRIN, INC. Lic. #01978317

Al D. Mendrin

Broker/President

(559) 288-0671
[email protected]

Lic. #01084243