•District water, well water

•Young pistachios

•Additional land to plant permanent crops and/or to mitigate SGMA

•Tax benefits

•Good location

O ffices S er ving The Central Val leyF R E S N O V I S A L I A B A K E R S F I E L D7480 N. Palm Ave, Ste 101 3447 S. Demaree Street 4900 California Ave 210B Fresno, CA 93711 Visalia, CA 93277 Bakersfield, CA 93309559.432.6200 559.732.7300 661.334.2777

www.pearsonrealty.com DRE #00020875

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

Exclusively Presented by:

Central California PistaChios & farmland Kings County, California

3,094.93± assessed acres

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

P r o P e r t y A e r i A l

Central California PistaChios & farmland 3,094.93± Assessed Acres - Kings County, CA

Corcoran

Road

16

Ave 144

Ave 112

Ave 176

Quebec Ave

6th

Ave

Angiola

Ave 170

West CorCorAn3,094.93± ACres

southWest CorCorAnAdditional Property

Available 1,920± acres

9th

Ave

7th

Ave

Whitley Ave

Racine Ave

43

43

Niles Ave

4th

Ave

7 1/

2 Av

e Orange Ave

137

site

3,094.93± Assessed Acres - Kings County, CA

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

P r o P e r t y D e tA i l sDESCRIPTION: This 3,094.93± assessed acre opportunity is in the closely held farming area of Corcoran, Ca. The land is planted to 414.80± acres of Pistachios, and 2,425.50± acres are used for row and field crops, with the balance land being for the shop areas, roads, ditches and canals. The land has proven to be well suited for its current use and the remaining farmland may be well suited to develop additional pistachios and/or for mitigation for SGMA. The offering has 1 shop with fenced equipment yard. This investment grade opportunity offers income, Pistachios in production, tax benefits, good location, and both district water and well water.

LOCATION: The landholding is in close proximity to the town of Corcoran, Ca: W Corcoran - Just west of Corcoran, Niles Avenue to the north, Plymouth Avenue to the south, W Cross Creek Branch to the west and 7th Avenue to the east.

Approximately 21± miles south of Hanford, 232± miles south east of San Francisco, and 174± miles north of Los Angeles.

SOILS: Please refer to attached soil map for each block.

WATER: The offering has both district water and access to well water. The farm is located in and receives water from Corcoran Irrigation District. The orchards are irrigated with single line drip to the youngest pistachio blocks and double line drip in the balance of the trees, each system has sand media filters. The shop on field 19 has a domestic well.

PRICE AND TERmS: $51,560,000 (ave. blend price $16,660±/acre). Plus reimbursement for any farming costs toward 2020 crops, 2019 crops are excluded. Seller to retain 50% of all mineral, oil and gas rights. Seller has ordered Pistachio rootstock (UCBI clones) from Seaman Nursery for November/February planting of 2019/2020 on fields 8, 21 & 28. Upon reimbursement of deposits the contract may be assigned to buyer.

Central California PistaChios & farmland

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

P r o P e r t y D e tA i l s ( c o n t. )

P l A n t i n g D e tA i l s Row Crop Tree CropField Planted Field Acres± Acres ± Spacing ± Varieties Rootstock Irrigation7 2013 124± 20’x17’ Golden Hills/Randy UCB1 Drip*8 165.1± Barley N/A Flood16 2015 219.3± 20’x17’ Golden Hills/Randy UCB1 Drip16-21 2009 71.5± 20’x17’ Golden Hills/Randy UCB1 Drip17E 216± Cotton N/A Flood17W 218.5± Barley N/A Flood18 211.9± Cotton N/A Flood19 349.8± Cotton N/A Flood20W 373.2± Barley N/A Flood20E 365.8± Cotton N/A Flood*21 369.7± Cotton N/A Flood*28 155.5± Cotton N/A FloodTotal Row Crops Field Acres 2,425.5±Total Pistachios 414.8±Total Row Crops Field and Tree Acres 2,840.3±

Pistachios Maturity Acres Percent Acres by Variety Acres Percent10 years± 71.5± 17.24% 6 years± 124± 29.89% Golden Hills/Randy 414.8± 100%4 years± 219.3± 52.87% 414.8±*Seller has ordered Pistachio rootstock UCB1 clone to plant November 2019-February 2020.PRODuCTION: Upon submission of an offer the Owner will provide detailed production records.

Central California PistaChios & farmland 3,094.93± Assessed Acres - Kings County, CA

ASSESSOR’S PARCEL NumbERS, ASSESSED ACRES, ZONING & WILLIAmSON ACT: AssessedCounty APN Acres Use/Field Entity Zoning Williamson ActKings Co 044-040-007 20.00± Pistachios, 16 BFT AG-40 YesKings Co 044-040-008 20.00± Pistachios, 16 BFT AG-40 YesKings Co 044-040-009 40.00± Pistachios, 16 BFT AG-40 YesKings Co 044-040-017 77.27± Pistachios, 16 BFT AG-40 YesKings Co 044-040-018 80.00± Pistachios, 16 BFT AG-40 Yes Total BFT 237.27±

Kings Co 044-030-010 175.65± Row crops, 8 BF AG-40 YesKings Co 044-030-013 85.53± Pistachios, 7 BF AG-40 YesKings Co 044-030-014 56.20± Pistachios, 7 BF AG-40 YesKings Co 044-040-002 40.00± Row crops, 18 BF AG-40 YesKings Co 044-040-003 274.40± Row crops, 18 BF AG-40 YesKings Co 044-040-004 314.40± Row crops, 17W & 20E BF AG-40 YesKings Co 044-040-005 237.27± Row crops, 17E BF AG-40 YesKings Co 044-040-006 77.27± Row crops, 20E BF AG-40 YesKings Co 044-040-014 38.64± Pistachios, 16-21 BF AG-40 YesKings Co 044-040-015 10.00± Row crops, 21 BF AG-40 YesKings Co 044-040-016 67.27± Row crops, 21 BF AG-40 YesKings Co 044-040-021 40.00± Pistachios, 16-21 BF AG-40 YesKings Co 044-040-023 322.42± Row crops, 21 BF AG-40 YesKings Co 044-040-024 318.79± Row crops, 20E & W BF AG-40 YesKings Co 044-040-025 318.79± Row crops, 20E & W BF AG-40 YesKings Co 044-040-026 320.00± Row crops, 19 & Shop BF AG-40 YesKings Co 044-100-010 161.03± Row crops, 28 BF AG-40 Yes Total BF 2,857.66± Total BFT & BF 3,094.93±

3,094.93± Assessed Acres - Kings County, CA

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

Central California PistaChios & farmland

F A r m m A P F A r m m A P

southWest CorCorAnAdditional Property Available 1,920± acres

2019 CroP MAP

West CorCorAn site3,094.93± ACres

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

A P n m A P s

Central California PistaChios & farmland 3,094.93± Assessed Acres - Kings County, CA

3,094.93± Assessed Acres - Kings County, CA

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

s o i l m A P - 3 , 0 9 4 . 9 3 ± A s s e s s e D A c r e s(fields; 7, 8, 16,16-21,17E & W, 18, 19, 20W & E, 21 & 28)

Central California PistaChios & farmland

Irrigated Capability Class—Kings County, California(3,081 ac Soil Map, Robb Stewart & Jim Olivas, 661.303.2930)

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

7/23/2018Page 1 of 5

3994

800

3995

500

3996

200

3996

900

3997

600

3998

300

3999

000

3999

700

4000

400

3994

800

3995

500

3996

200

3996

900

3997

600

3998

300

3999

000

3999

700

4000

400263100 263800 264500 265200 265900 266600

262400 263100 263800 264500 265200 265900 266600

36° 7' 13'' N

119°

38' 1

9'' W

36° 7' 13'' N

119°

35' 2

4'' W

36° 4' 6'' N

119°

38'

19'' W

36° 4' 6'' N

119°

35'

24'' W

N

Map projection: Web Mercator Corner coordinates: WGS84 Edge tics: UTM Zone 11N WGS840 1000 2000 4000 6000

Feet0 400 800 1600 2400

MetersMap Scale: 1:28,200 if printed on A portrait (8.5" x 11") sheet.

Irrigated Capability Class

Map unit symbol Map unit name Rating Acres in AOI Percent of AOI

101 Armona loam, partially drained

3 1,539.2 49.9%

116 Gepford clay, sandy substratum, partially drained

3 754.4 24.4%

119 Grangeville sandy loam, saline-alkali

2 67.0 2.2%

124 Homeland fine sandy loam, partially drained

3 78.7 2.6%

134 Lakeside loam, partially drained

2 58.0 1.9%

167 Urban land 0.1 0.0%

168 Vanguard sandy loam, partially drained

3 588.4 19.1%

Totals for Area of Interest 3,085.8 100.0%

Irrigated Capability Class—Kings County, California 3,081 ac Soil Map, Robb Stewart & Jim Olivas, 661.303.2930

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

7/23/2018Page 3 of 5

Irrigated Capability Class

Map unit symbol Map unit name Rating Acres in AOI Percent of AOI

101 Armona loam, partially drained

3 1,539.2 49.9%

116 Gepford clay, sandy substratum, partially drained

3 754.4 24.4%

119 Grangeville sandy loam, saline-alkali

2 67.0 2.2%

124 Homeland fine sandy loam, partially drained

3 78.7 2.6%

134 Lakeside loam, partially drained

2 58.0 1.9%

167 Urban land 0.1 0.0%

168 Vanguard sandy loam, partially drained

3 588.4 19.1%

Totals for Area of Interest 3,085.8 100.0%

Irrigated Capability Class—Kings County, California 3,081 ac Soil Map, Robb Stewart & Jim Olivas, 661.303.2930

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

7/23/2018Page 3 of 5

IrrIgated CapabIlIty Class soIl Map

All information contained herein is deemed reliable but not guaranteed by seller nor broker and should be independently verified by potential buyers. We assume no liability for errors or omissions.

Central California PistaChios & farmland 3,094.93± Assessed Acres - Kings County, CA

www.pearsonrealty.comDRE# 00020875

O ffices S er ving The Central Val ley

F R E S N O7480 N. Palm Ave.

Suite 101Fresno, CA 93711

559.432.6200

V I S A L I A3447 S. Demaree St.

Visalia, CA 93277559.732.7300

B A K E R S F I E L D4900 California Ave 210B

Bakersfield, CA 93301661.334.2777

Copyright © and (P) 1988–2012 Microsoft Corporation and/or its suppliers. All rights reserved. http://www.microsoft.com/streets/Certain mapping and direction data © 2012 NAVTEQ. All rights reserved. The Data for areas of Canada includes information taken with permission from Canadian authorities, including: © HerMajesty the Queen in Right of Canada, © Queen's Printer for Ontario. NAVTEQ and NAVTEQ ON BOARD are trademarks of NAVTEQ. © 2012 Tele Atlas North America, Inc. All rights reserved. Tele Atlas and Tele Atlas North America are trademarks of Tele Atlas, Inc. © 2012 by Applied Geographic Solutions. All rights reserved. Portions © Copyright 2012 by Woodall Publications Corp. All rights reserved.

Corcoran, California, United States

0 mi 1 2 3 4Bakersfield

San Diego

Los Angeles Riverside

San Bernardino

San Francisco

Stockton

Modesto

Sacramento

MercedSan Jose

Oakland

US101

US15

US10

US40

US

8

Visalia

Fresno

Madera

41

180I-5

CA1

I-5

99

I-5

99

99

80

LemooreMonterey

Carmel

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Paso Robles

Woodside

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s tAt e m A P

HanfordCorcoran

43

43

137

Whitley ave

orange ave

pueblo ave

plymouth ave

7 1/2 ave

l o c At i o n m A P

southWest CorCorAnAdditional Property

Available 1,920± acres

site