WINERY & VINEYARD PETALUMA GAP AVA OFFERING MEMORANDUM CUSHMAN & WAKEFIELD OF SAN DIEGO, INC 4747 EXECUTIVE DR, 9TH FLOOR, SAN DIEGO CA 92121

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1 PETALUMA GAP AVA WINERY & VINEYARD OFFERING MEMORANDUM CUSHMAN & WAKEFIELD OF SAN DIEGO, INC 4747 EXECUTIVE DR, 9TH FLOOR, SAN DIEGO CA 92121

2 CONFIDENTIALITY & CONDITIONS This Offering Memorandum was prepared by Cushman & Wakefield of San Diego, Inc. and Vintroux ( Cushman & Wakefield or Vintroux or Advisors ) on behalf of Owner and is confidential and furnished to prospective purchasers of the Property described herein subject to the terms of the Confidentiality Agreement previously provided to and executed by such prospective purchasers. This Offering Memorandum is intended solely to assist prospective purchasers in their evaluation of the Property and their consideration of whether to purchase the Property. It is not to be used for any other purpose or made available to any other person without the prior written consent of Advisors. This Offering Memorandum is subject to errors, omissions, changes or withdrawal without notice and does not constitute a recommendation or endorsement as to the value of the Property by Owner/Advisors and their sources. Financial projections are provided as a reference and are based on assumptions made by Owner/Advisors and their sources. Prospective purchasers should make their own projections and reach their own conclusions of value. Certain portions of this Offering Memorandum merely summarize or outline property information and are in no way intended to be complete nor necessarily accurate descriptions. This Offering Memorandum was prepared on the basis of information available to the Owner and Advisors in connection with the sale of the Property. It contains pertinent information about the Property and the surrounding area but does not contain all the information necessary for a complete evaluation of the Property. The projected cash flow and other financial information contained herein are for general reference only. Although the information contained in this Offering Memorandum is believed to be accurate and reliable, neither the Owner nor its Advisors guarantees its accuracy or completeness. Because of the foregoing and because the Property will be sold on an as-is basis, prospective purchasers should make their own independent assessments, investigations, and projections regarding the Property. Although additional material, which may include engineering, environmental, or other reports, may be provided to certain prospective purchasers as appropriate, such parties should confer with their own engineering and environmental experts, counsel, accountants, and other advisors and should not rely upon such material provided by Owner or Advisor. Neither Owner nor Advisors nor any of their respective officers, advisors, agents, shareholders or principals has made or will make any representation or warranties, express or implied, as to the accuracy or completeness of the Offering Memorandum or any of the contents, and no legal commitment or obligation shall arise by reason of the Offering Memorandum or the contents. Analysis and verification of the information contained in the Offering Memorandum is solely the responsibility of the prospective purchaser. The Owner expressly reserves the right, in its sole discretion, to reject any offer to purchase the Property or to terminate any negotiations with any party or any time, with or without notice. The Owner shall have no legal commitment or obligation to any prospective purchaser unless and until a written purchase and sale agreement has been fully executed and delivered and any and all conditions to the Owner s obligations there under have been fully satisfied or waived. The Owner is responsible for any commission due its Advisors in connection with the sale of the Property. The Owner shall not be responsible for any commission claimed by any other agent or broker in connection with a sale of the Property. No other party, including the Owner s Advisor, is authorized to make any representation or agreement on behalf of the Owner. This Memorandum remains the Property of the Owner and its Advisors and may be used only by parties approved by the Owner and its Advisor. No portion of this Memorandum may be copied or otherwise reproduced or disclosed to anyone except as provided herein and as permitted by the express terms of the Confidentiality Agreement. 2 CUSHMAN & WAKEFIELD VINTROUX

3 table of contents 1 THE OFFERING 2 LOCATION OVERVIEW 3 VINEYARD 6 IMPROVEMENTS & EQUIPMENT 7 WINERY BUSINESS OPERATIONS / TERMS AGRIBUSINESS SOLUTIONS TEAM 3

4 The Offering overview Cushman & Wakefield s Agribusiness Solutions Team and Vintroux Estates and Vineyards are proud to offer a rare opportunity to purchase an established Petaluma Gap AVA Winery & Vineyard. The closest Sonoma County winery to San Francisco along Highway 101, this property offers many attractive highlights including: 5.32± acres of productive vineyards Bonded and permitted for up to 2,500 cases production Operating business including an established wine club and winemaking equipment 2,000 SF winery and tasting room with crush pad and storage building Location is highly visible from Highway 101 with a peak of 104,000 cars per day Exceptional upside potential with many opportunities to grow the business ADDRESS: AMERICAN VITICULTURAL AREA: PARCEL NUMBER: SIZE: ACCESS & TRAFFIC ZONING & LAND USE: 4415 Kastania Road Petaluma, Sonoma County, CA Petaluma Gap AVA, a sub-region of the Sonoma Coast AVA. 8.75± Gross Acres per Plat Map (see Addenda) 5.32± Vineyards Acres (see Block Map) The winery has excellent access via the newly completed Kastania Road on/off-ramp from Highway 101. The property is highly visible from Highway 101 and has a peak of 104,000 Average Annual Daily Trips of (per CalTrans). The land is zoned DA B6 10 with a land use designation of DA 10. Both are defined as Diverse Agriculture. This zone allows for a variety of agricultural uses and one residence per 10 acres. DISTANCES: The table below summarizes local and regional cities and their approximate radial distances: City Miles Petaluma 2 Sonoma 9 Santa Rosa 15 Napa 17 San Francisco 30 Oakland 32 1 CUSHMAN & WAKEFIELD VINTROUX

5 Location Overview This winery is located in an area of southern Sonoma County known as the Petaluma Gap, which is a well-known geographic area that stretches from Bodega Bay to the San Pablo Bay. Vineyards were first established in the Petaluma Gap in the 1880s and today the area is known for vineyards and wineries, rural estate residences, ranches and other similar uses. The property is within the Petaluma Gap AVA, a sub region of the Sonoma Coast AVA. The Sonoma Coast AVA is well regarded for producing excellent cool climate grapes for Pinot Noir and Chardonnay wines. Exciting Syrahs and other varietals are produced in this AVA, though on a smaller scale. This coastally influenced growing region stretches from the Mendocino County line to the San Pablo Bay. About 2,000 of the 500,000+ acres within the Sonoma Coast AVA are planted to vineyards. The winery is also within the bounds of the newly approved Petaluma Gap AVA. The Petaluma Gap comprises a wind gap through the coastal mountain range, which results in a unique microclimate that is influenced by its trademark wind and fog. A typical day sees foggy mornings, sunny days, breezy afternoons, and cooler evenings, providing ideal growing conditions for high quality, cooler climate wine grapes. The area has convenient access along Highway 101 to Petaluma and wider Sonoma Wine Country to the north and Marin County and San Francisco to the south. Route 37 to the south provides for easy travel to Napa Wine Country and Sacramento and the East Bay to the east. AGRIBUSINESS SOLUTIONS TEAM 2

6 Vineyard Characteristics The vineyard is planted on disease resistant rootstock, summarized as follows: Vineyard Summary Varietal Rootstock Clone Planted Acres Spacing Vines Vines/ Acre Pinot Noir 1103P x Pinot Noir 5C & 1103P x 5 2, Pinot Noir 5C Pommard x 5 1, Pinot Noir Subtotal , Cabernet Sauvignon 1103P & 5BB Unknown x Cabernet Franc 1103P & 5BB Unknown x Total , CUSHMAN & WAKEFIELD VINTROUX

7 Block Map HIGHWAY 101 Kastania Rd. The individual vineyard blocks are summarized as follows: Block Summary Block Varietal Rootstock Clone Planted Vines 1 Pinot Noir 1103P Pinot Noir 1103P Cabernet Sauvignon 5BB Unknown Cabernet Sauvignon 5BB Unknown Cabernet Franc 5BB Unknown Cabernet Franc 1103P Unknown Pinot Noir 1103P Pinot Noir 1103P Pinot Noir 1103P Pinot Noir 5C Pinot Noir 5C Pinot Noir 5C Pinot Noir 5C Pinot Noir 5C Pommard Pinot Noir 5C Pommard Pinot Noir 5C Pommard Total 5,151 AGRIBUSINESS SOLUTIONS TEAM 4

8 VINEYARD PRODUCTION: In order to create the highest quality fruit, the vineyard has historically been managed with the goal of producing 2 to 3 tons per acre. IRRIGATION WATER: The property is serviced by the North Marin Water District and the vineyards are fully irrigated by a drip irrigation system. SOILS & SUITABILITY: The property is composed of loam soils typical of the area, which are shown on the Soils Map. HIGHWAY 101 Kastania Rd.

9 Improvements & Equipment WINERY/TASTING ROOM: The bonded winery contains approximately 2,000± SF, which includes a tasting room and wine production area. The well designed tasting room includes a large tasting bar, a seating area, and a bathroom. The wine production area has two loading doors (12 W x 12 H and 12 W x 16 H), a high clear height, concrete floors, and a bathroom. The building is attractively finished and is in good condition. The north side of the building opens onto a large patio that provides outdoor seating and space for various events. CRUSH PAD: A 500± SF steel framed, covered crush pad with floor drain is attached to the east side of the wine production portion of the winery. STORAGE BUILDING: Adjacent to the winery is a 200± SF storage building that is ideal for case storage. The building was originally built to house sensitive telecommunications equipment and it is well insulated and has air conditioning. EQUIPMENT: The sale includes winemaking equipment. AGRIBUSINESS SOLUTIONS TEAM 6

10 Business Overview SYNOPSIS: This family run winery has a history of producing quality wines exclusively from estate-grown fruit. Sales are 100% direct-to-consumers through either the tasting room or the established wine club, which has a loyal client base of around 200 members. The winery has a great reputation and has over 100 yelp reviews with an average rating of about 4.9 out of 5.0. CASE PRODUCTION: The winery has a permit allowing the production of 2,500 cases of wine per year. Historical production has typically been around 750 cases per year, though this could easily be expanded if outside grapes were purchased. OTHER PERMITS: A Retail Food Facility permit is in place. FINANCIAL PERFORMANCE: The winery s past financial performance is available to qualified buyers upon execution of a Confidentiality Agreement. OPPORTUNITIES: This winery offers exceptional upside potential to expand the business significantly, including: Actively market via traditional avenues and social media to increase sales Establish signage visible from highly trafficked High way 101 Expand wine production up to 3x by purchasing grapes Hosting public, private, and wine club events Terms PRICE: $2,200,000. This includes the real estate, business, and winemaking equipment. INVENTORY: To be negotiated separately. SITE VISITS: PROPERTY TOURS ARE BY APPOINTMENT ONLY AND MUST BE COORDINATED THROUGH LISTING AGENTS. 7 CUSHMAN & WAKEFIELD VINTROUX

11 AGRIBUSINESS SOLUTIONS TEAM 8

12 Additional information is available to qualified prospects. Please inquire with listing agents. AGRIBUSINESS SOLUTIONS TEAM CURTIS BUONO MANAGING DIRECTOR License No MATT DAVIS DIRECTOR License No TERRY JACKSON DIRECTOR License No VINTROUX VineyardAndWinerySales.com DAVID ASHCRAFT BROKER License No CUSHMAN & WAKEFIELD OF SAN DIEGO, INC 4747 EXECUTIVE DR, 9TH FLOOR, SAN DIEGO CA 92121