OFFERING MEMORANDUM Berenda Ranch Vineyard 23593 Ave 20 1/2 Madera, CA 93638 FOR SALE 1,534.47 Acres of Vineyards and improved properties CALL FOR OFFERS INTERNATIONAL REAL ESTATE SINCE 1908 OFFERING MEMORANDUM THIS IS AN OFFERING MEMORANDUM intended for buyers interested in the properties located at Berenda Ranch Vineyard, Madera, CA as more particularly described here-in (“Property”). This memorandum contains information pertaining to the Property’s seller and has been prepared by Braun International Real Estate, (“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, make any representation or warranty, expressed or implied, as to the accuracy or completeness of any of the information contained herein. The Seller and Braun disclaim any liability which may be based on such information, errors therein, or omissions therefrom. All financial data contained herein is unaudited by Braun. 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 actual results will conform to such projections. There is no representation as to environmental condition of the property, or as to any other aspect of the property. PAGE | 2 INTERNATIONAL REAL ESTATE SINCE 1908 1 Investment Overview 2 Market Overview 3 Sale Information TODD WOHL BRE# 01912556 866.568.6638 BraunCo.com INTERNATIONAL REAL ESTATE SINCE 1908 Los Angeles | San Francisco | Monterey | San Diego | Napa and Offices Nationally PAGE | 3 INTERNATIONAL REAL ESTATE SINCE 1908 Investment Overview Berenda Ranch Vineyard, Madera, CA Berenda Ranch Vineyard is commonly described as Madera County Assessor’s Parcel Numbers 029-040-003, 005, 013; 029-050-001; 029-130-006, 007, 019, 020, 022, 023, 031; 029-200-002, 013, 014, 025, 026, 027, 028, 029, 030, 031, 033, 036, and 037. 1 The property is located along the southwest corner of Avenue 22 and Road 24, approximately three (3) miles northwest of Madera and approximately eight (8) miles southeast of Chowchilla, in Madera County California near Highway 99. Berenda Ranch Vineyard consists of 1,433.33 acres of wine grape vineyards with 101.14 acres of improved properties incorporating headquarters site, well sites, creek, avenues, shop, three sheds, two shade structures, restroom, mobile home, cold storage facility, canopy building, and packing shed. The property also includes a 1098kw_DC solar system that went operational in 2016. Currently, the following grape varietals are grown at Berenda Ranch: Red Zinfandel, Syrah, Ruby Cabernet, French Colombard and Rubired. INVESTMENT HIGHLIGHTS • Largest Vineyard on the market & • Buy & Control the supply & cost Trophy Investment (rare for such of grapes & not be at the mercy large size properties to come of growers onto the market) • Great time to buy in 10 year • Mature Producing Vines (All vineyard production cycle & as Vines producing & good life just coming out of downturns (3-4 cycles) in cycle) with prices on upward Overview Investment • On-Going Cash Flow with curve, low interest rates Contracts in Place • Flat Topography • 500 Acres Zoned Industrial with • Close to Highway upside in the future • All parcels contiguous • High “Storie Index” soil conditions • Good Water Well Supply/Irrigation • In the Madera AVA Etc • Good Yield History • Cold Storage Building • ASFMRA 2017 Trends Report • Solar Power generation stated strong demand for commercial wine grape vineyards but lack of available properties. PAGE | 4 INTERNATIONAL REAL ESTATE SINCE 1908 PARCELS FOR SALE SUMMARY OF VINE PRODUCTION Date Parcel # Acres Zoning Crop Acres Planted 029-040-003 80.00 Vineyard 971 029-040-005 80.00 Vineyard French Columbard 306 1982 029-040-013 158.05 Vineyard 029-050-001 636.37 Vineyard 68 1998 029-130-006 19.55 Vineyard 456 204 029-130-007 30.70 Vineyard 140 2012 029-130-019 21.07 Vineyard Syrah 117 1998 029-130-020 162.13 Vineyard 029-130-022 10.00 Vineyard Ruby Cabernet 83 1999 029-130-023 186.29 Vineyard 029-130-031 12.98 Vineyard Rubire 62 1999 029-200-002 9.82 Vineyard 029-200-013 19.64 Vineyard Zinfandel 203 2002 029-200-014 19.49 Vineyard 029-200-025 9.82 Vineyard Grand Total 1,436 029-200-026 9.82 Vineyard 029-200-027 9.82 Vineyard 029-200-028 9.82 Vineyard 029-200-029 9.82 Vineyard 029-200-030 9.82 Vineyard 029-200-031 9.82 Vineyard 029-200-033 9.82 Vineyard 029-200-036 4.91 Agricultural- Unincorporated Vacant Land 029-200-037 4.91 Vineyard 910-005-438 Mobile Home Total Acreage 1,534.47 PAGE | 5 INTERNATIONAL REAL ESTATE SINCE 1908 PROPERTY INFORMATION BUILDING IMPROVEMENTS Building Type Sq Ft. Foundation Frame Siding Roof Shop 7,500 Concrete Steel Metal Metal Chemical Shed 720 Concrete Steel Metal Metal Shade 598 Dirt Wood Pole Metal (3 sides) Metal Shed #1 630 Dirt Wood Pole Open Metal Shed #2 630 Dirt Wood Pole Open Metal Restroom 120 Concrete Conc Block Block/Metal Metal Mobile Home 495 Metal Pier Metal Metal Metal Cold Storage Facility* 6,000 Concrete Steel Metal Metal Canopy 5,800 Concrete Steel Open Metal Packing Shed 8,400 Concrete Steel Open Metal Shade 5,400 Concrete Wood Pole Open Open *Originally developed as a cold storage facility. The owners have not utilized this structure as a cold storage facility, but rather, as a large equipment storage shed. INFRASTRUCTURE IMPROVEMENTS • Improved with two 8,000± gallon gasoline and diesel tanks • Two 5,000± gallon gasoline and diesel tanks, and one 250± gallon used oil tank on a concrete slab with a containment wall • Two 500± gallon fuel tanks • Two large chemical containers • One 2000± gallon propane tank • Large chemical container located at Well #15. PAGE | 6 INTERNATIONAL REAL ESTATE SINCE 1908 WATER SUPPLY The subject’s sole source of irrigation water is provided by eleven on-site pumps and wells. These systems are outlined as follows: WATER Well # Block Location HP Motor Make Serial Number Pump Make 1 5F 100 G.E. ENJ518438 Aurora 2 5M 100 Yakasawa 00783110901 Aurora 5 3B 100 Newman S20256815 Aurora 8 1C 125 G.E. UPD9907394 Peerless 9 1A 100 Newman S20256817 Peerless 10 6D 75 G.E. ASJ116312 Peerless 11 4F 150 U.S. M127332197 Peerless 12 5A 200 U.S. M127332203 Floway 13 5A 200 U.S. M117332205 Floway 14 10D 400 U.S. H0630382292 Flowserve 15 9B 400 U.S. N/A Flowserve The on-site pumping system is estimated to provide a sufficient amount of water to irrigate the subject vineyards to industry standards. Irrigation water is distributed to the vineyards via underground PVC mainlines and laterals to risers, with one drip line per vineyard now. SOILS Map Symbol Soil Description Capability Unit Storie Index AsA Alamo clay, 0–1% slopes IIIw-5 13 AtA Atwater loamy sand, 0–3% slopes IIe-4 76 AtB Atwater loamy sand, 3–8% slopes IIe-4 76 AwB Atwater loamy sand, moderately deep and deep over hardpan, 3–8% slopes IIIe-4 65 CuB Cometa sandy loams, 3–8% slopes IVe-3 43 GrA Greenfield coarse sandy loam, 0–3% slopes I-1 87 GuB Greenfield coarse sandy loam, 3–8% slopes IIe-1 77 GvA Greenfield sandy loam, moderately deep and deep over hardpan, 0–3% slopes IIs-3 70 HgA Hanford sandy loam, moderately deep and deep over hardpan, 0–3% slopes IIs-7 67 RaA Ramona sandy loam, 0–3% slopes IVs-3 81 SaA San Joaquin sandy loams, 0–3%t slopes IVe-3 27 CbA San Joaquin-Alamo complex, 0–3% slopes IVe-3 17 PAGE | 7 INTERNATIONAL REAL ESTATE SINCE 1908 MARKET TRENDS The Scarcity of Vineyard Properties The opportunity to purchase a vineyard of this size is rare, to say the least. The central valley is the most cost effective location for grape production in California. Compounding this phenomena is the scarcity of land available in the prime growing areas: Napa, Sonoma, and prime Central Coast vineyard areas are all but planted out due to local growth restrictions, environmental regulations or water constraints. Thus, increased competition for established, highly profitable vineyards will continue to drive vineyard values skyward. Additionally, the opportunity to convert this to any crop is also a viable option. PAGE | 8 INTERNATIONAL REAL ESTATE SINCE 1908 Location Overview 2 Berenda Ranch Vineyard, Madera, CA Location Overview Location Madera is a city in the San Joaquin Valley, California, in the county of Madera. “The Perfect Location” Madera County is in the “heart” of California; serves as the “Passageway to the Sierras”; and is located in the exact center of California. Madera residents find they have easy access to Yosemite, Kings Canyon and Sequoia National Parks along with access to the Pacific Coast, Bay Area and Southern California. Madera County encompasses 2,147 square miles, with the City of Madera covering approximately 14 square miles. The City of Madera has an elevation of 282 feet. The geographical center of the State is located in North Fork (Madera County) where an attractive wooden sign at the intersection of North Fork Road and Auberry Road marks the point. This is about 20 miles from the south entrance of Yosemite National Park. Madera, California, gets 12 inches of rain per year. On average, there are 264 sunny days per year in Madera, California. The July high is around 96 degrees. The January low is 38. The San Joaquin Valley region of the Central Valley produces 10% of all wine grapes grown in the state of California.