Solomon Hills Ranch

EXECUTIVE SUMMARY

• 852.54 +/- gross assessed acres located in Santa Barbara County. 
  • 790.71 +/- net farmable acres (includes 131.04 net acres of certfied organic farmland) 
  • 61.83 +/- acres of supporting and ancillary land (includes reservoirs, equipment yards, residence, etc.) 
• Surrounding land uses include high-value irrigated vegetable and berry crops, greenhouses, wineries, citrus and avocado groves, and winegrape vineyards. High-density residential neighborhoods and ranchettes are also on multiple sides of the Property. 
• Property includes multiple tenant leases that primarily range from $1,900 to $3,000 per acre. Tenants are actively farming a multitude of fresh vegetable and berry crops, that include but are not limited to: strawberries, blackberries, raspberries, blueberries, squash, chilies, and chicaro. 
• The Property contains +/- 69% NRCS Class I irrigated land capability soil types. 
• Irrigation water is currently provided via six operating agricultural deep wells located on-site producing a combined 7,130 +/- gallons per minute (per 2026 pump tests). Irrigation water is distributed throughout the Property’s farming blocks via booster pumps and filter stations, through main and submain pipelines. The Property also features two lined reservoirs (each 14.9 acre-feet in capacity). 
• The Property is located within the Santa Maria River Valley Groundwater Basin (DWR Basin No. 3-12), a water source underlying parts of northern Santa Barbara and southern San Luis Obispo Counties, California. Its management is governed primarily by a court-ordered judgment, which grants it a degree of exemption from the state's main groundwater law. The majority of the Santa Maria Groundwater Basin is considered an adjudicated basin, (as a result of a 2008 court stipulation) which determined the water rights and established a management plan to govern groundwater extraction. 
• Major structural improvements include a 2,600 square-foot residence, 3-bay 960 square-foot garage, and a 1,800 square-foot shop building. 
• Property is located along California's Highway 101, and features two major offramps on and off the highway (Clark Avenue and Union Valley Parkway). High-density residential developments, and ranchettes, along with retail and office space – are all also located adjacent to and immediately across Highway 101. The Property is also located within the Orcutt Community Plan Area. 
• Orcutt Community Plan: The Property is located within the Orcutt Overlay, Orcutt Community Plan Area. Further details can be found at the Santa Barbara County – Planning & Development Website: https://www.countyofsb.org/940/Orcutt-Community-Plan 
• The Property is not currently enrolled in any agricultural preserve contract or program (conservation easement, Williamson or Farmland Security Zone contracts). 
• Purchase Price: $59,995,000. 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