•District water, well water and ditch stock

•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:

CorCoran ID wIth SoutheaSt Lake water Co. StoCkKings County, California

1,920± 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

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k1,920± Assessed Acres - Kings County, CA

Corcoran

Road

16

Ave 144

Ave 112

Ave 176

Quebec Ave

6th

Ave

Angiola

Ave 170

West CorCorAnAdditional property Available

3,094.93± Acres

southWest CorCorAn1,920± ACres

9th

Ave

7th

Ave

Whitley Ave

Racine Ave

43

43

Niles Ave

4th

Ave

7 1/

2 Av

e Orange Ave

137

site

1,920± 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 s

DESCRIPTION: This 1,920± assessed acre opportunity is in the closely held farming area of Corcoran, Ca. The land is planted to 1,809.90± acres of row and field crops, with the balance land being for the shop area, 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 pistachios and/or for mitigation for SGMA. The offering has 1 pole barn. This investment grade opportunity offers income, tax benefits, good location, and district water, well water and water stock.

LOCATION: The landholding is in close proximity to the town of Corcoran, Ca: SW Corcoran - West side of 6th Avenue (Dairy Avenue) beginning at Racine Avenue.

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.

WATER: The offering has district water, access to well water, and water stock. The farm is located in and receives water from Corcoran Irrigation District. Included in the sale are the owner’s 1,798 shares of Southeast Lake Water Company stock for water in Pine Flat Lake.

PRICE AND TERmS: $13,440,000 (ave. blend price $7,000±/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.

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k

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 Field Planted Field Acres± Varieties Rootstock Irrigation 22N 302.8± Cotton N/A Flood22S 299.1± Barley N/A Flood27N 299.1± Alfalfa N/A Flood27S 299.4± Barley N/A Flood34N 305.1± Cotton N/A Flood34S 304.4± Cotton N/A Flood Total Row Crops Field Acres 1,809.9±

PRODuCTION: Upon submission of an offer the Owner will provide detailed production records.

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k1,920± Assessed Acres - Kings County, CA

ASSESSOR’S PARCEL NumbERS, ASSESSED ACRES, ZONING & WILLIAmSON ACT:

AssessedCounty APN Acres Use/Field Entity Zoning Williamson ActKings Co 044-200-013 640.00± Row crops, 22N & S BF AG-40 YesKings Co 044-210-001 640.00± Row crops, 27N & S BF AG-40 YesKings Co 044-210-012 480.00± Row crops, 34N & S BF AG-40 YesKings Co 044-210-013 160.00± Row crops, 34N BF AG-40 Yes Total BF 1,920±

1,920± 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.

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k

F A r m m A P

West CorCorAnAdditional Property Available 3,094.93± acres

2019 CroP MAP

1,920± ACres southWest CorCorAn site

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

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k1,920± Assessed Acres - Kings County, CA

1,920± 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.

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k

s o i l m A P - 1 , 9 2 0 ± A s s e s s e D A c r e s(fields; 22N & S, 27N & S, and 34 N & S)

Irrigated Capability Class—Kings County, California(1920+-acres, soil map, Robb Stewart & Jim Olivas 661.303.2930)

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

7/27/2018Page 1 of 5

3982

600

3983

300

3984

000

3984

700

3985

400

3986

100

3986

800

3987

500

3988

200

3982

600

3983

300

3984

000

3984

700

3985

400

3986

100

3986

800

3987

500

3988

200

265800 266500 267200 267900 268600 269300

265100 265800 266500 267200 267900 268600 269300

36° 0' 41'' N

119°

36' 1

8'' W

36° 0' 41'' N

119°

33' 2

4'' W

35° 57' 33'' N

119°

36'

18'' W

35° 57' 33'' N

119°

33'

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

115 Gepford clay, partially drained

3 1,588.4 83.1%

116 Gepford clay, sandy substratum, partially drained

3 322.6 16.9%

Totals for Area of Interest 1,911.0 100.0%

Irrigated Capability Class—Kings County, California 1920+-acres, soil map, Robb Stewart & Jim Olivas 661.303.2930

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

7/27/2018Page 3 of 5

Irrigated Capability Class

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

115 Gepford clay, partially drained

3 1,588.4 83.1%

116 Gepford clay, sandy substratum, partially drained

3 322.6 16.9%

Totals for Area of Interest 1,911.0 100.0%

Irrigated Capability Class—Kings County, California 1920+-acres, soil map, Robb Stewart & Jim Olivas 661.303.2930

Natural ResourcesConservation Service

Web Soil SurveyNational Cooperative Soil Survey

7/27/2018Page 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.

Co rCo r a n I D w I t h S o u t h e aS t L a k e wat e r Co. S to C k1,920± 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

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US101

US15

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US40

US

8

Visalia

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41

180I-5

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99

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99

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80

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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

West CorCoranAdditional Property Available

3,094.93± acres

site