Vineyards Offering
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Transcript of Vineyards Offering
WINERYXREALESTATE
Confidential Offering Memorandum:
Petaluma Gap Winery
& Vineyard +
Russian River Vineyard
More Information Contact
Katie Somple (707) 968-9100
Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate
TableofContentsSummary ........................................................................................................................................... 1
Petaluma Gap Winery & Vineyard (For Sale) .................................................................................... 4
Salient Facts .................................................................................................................................. 4
Vineyard Map ................................................................................................................................. 5
Vineyard Production History .......................................................................................................... 6
Vineyard Varietal Information ........................................................................................................ 7
Winery Equipment/ Improvements ................................................................................................. 8
Parcel Map ..................................................................................................................................... 9
Petaluma Gap Growing Region ..................................................................................................... 9
Russian River Vineyard (For Lease) ............................................................................................... 10
Salient Facts ................................................................................................................................ 10
Vineyard Map ............................................................................................................................... 11
Vineyard Production Hisory ......................................................................................................... 12
Vineyard Varietal Information ...................................................................................................... 12
Parcel MaP .................................................................................................................................. 13
Russian River AVA ...................................................................................................................... 14
Sonoma Coast AVA ..................................................................................................................... 15
Photo Gallery ................................................................................................................................... 16
Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 1
Summary This offering includes the sale of a two-parcel Petaluma Gap vineyard and winery, together with a
15-year take-over lease of approximately 15 acres of planted vineyards in the Russian River AVA.
The Petaluma Gap Winery and Vineyard is located on Adobe Road in Petaluma consisting of
approximately 60 acres, with a combined 52 acres ± planted primarily to Pinot Noir,(47 acres), with
minor blocks of Merlot, Sauvignon Blanc, Tempranillo, Muscat Chardonnay; Petie Sirah, Pinot
Meurnier and Cab Franc. The vineyard produces on average 170± tons of quality Petaluma Gap
region fruit, grossing on average more than $500,000 annually.
The 3,250 square foot production winery holds a 5,000 case permit with tastings by appointment. It
is currently leased for $64,800 annually, with approximately one year remaining on the lease
(tenant would like to remain). Other winery-related improvements include a 1,500 square foot
covered crush pad with cat-walks and a 2,500 square foot bonded storage barn/event building.
There is also a 1,300 square foot residence that is currently being renovated (market value rent is
estimated at $18,000) and a 2 acre +/- home site that is contiguous to a luxury home development
with gated, private road access.
In addition to the Adobe Road vineyard and winery property for sale, a 15 acre planted leased
Russian River AVA vineyard is offered, with 15 years remaining on a 25 year lease. Average
annual yield is just shy of 100 tons, generating an average gross revenue of $230,000. Annual rent
is based on 20% of the gross value of the crop, which has averaged $47,000 over the past five
years.
The owner of the Adobe Road vineyard/winery and lessee of the Russian River vineyard is
downsizing his many vineyard holdings. He already owns a winery in Healdsburg. The goal of this
packaging is to provide a buyer with a turn key winery and a selection of coveted Petaluma Gap
and Russian River fruit sources to create and produce a premium Sonoma based wine brand.
PetaLUMA GAP WINERY & Vineyard
Russian River VINEYARD
Winery X Real Estate Page 2
Varietal Total Acres Planted Petaluma Gap
Total Acers Planted Russian River
Combined Acres Planted
Combined Projected Gross Vineyard Income
Pinot Noir 47.5 6.5 54
Merlot .5 .5
Cab Franc .25 .25
Chardonnay .25 5 5.25
Tempranillo 1.25 1.25
Muscat .25 .25
Petite Sirah .5 .5
Sauvignon Blanc 1 1
Syrah 1.5 1.5
Pinot Meunier 2 2 2
Total Planted 51.5 ± 15 66.5 $700,000
The combined assets of this offering provide:
Asset Potential Income
5K Case Winery 64,800
66.5 acres premium Petaluma Gap and
Russian River AVA grapes- (Petaluma
purchased, Russian River 15 year vineyard
lease)
700,000 (selling all fruit at current
contracted values with average yield)
2,500 sq ft Bonded storage and event barn
Small residence 18,000
Valuable 2 acre ± home site surrounded by
vineyards and other luxury homes
(contiguous residence in the private
development on market for $1,650,000)
Landlord style owner’s potential income 782,800 Gross income
Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 3
Offering price for the combined
properties is $7,500,000.
WineryX Real Estate is the exclusive
representative of this offering. Contact
Katie Somple at (707) 235-8585, or
email [email protected] for
further information.
Disclaimer
Every effort has been made to provide accurate information in this real estate offering memorandum based on
interviews with the seller, and information obtained from other reliable sources. No warranty of information or
statements is implied or expressed.
This summary does not represent or replace legal disclosures of the Seller or Seller’s agent. Buyer is advised to
conduct thorough due diligence on all statements of this Offering and should not rely on information provided.
WineryX has not independently reviewed financial information provided with this Confidential Offering
Memorandum. Only those representations and warranties that are set forth in a binding written agreement
executed by all parties to the contract shall have any legal effect.
Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 4
Petaluma Gap Winery & Vineyard (For Sale)
Salient Facts
AVA/Region Sonoma Coast/Petaluma Gap
Address 3062 and 3066 Adobe Road, Petaluma, CA
Parcel(s): 017-070-018 29.43 acres
017-070-019 31.34 acres
Total Acres 60 acres
Buildings: 3,250 sf winery;
2,500 sf bonded event and storage barn;
1,500 sf covered crush pad;
1,300 sf farmhouse residence (renovating)
County Use Code Vineyard-Irr W/Res
Soils HcC Haire clay loam, CcA clear lake clay
Winery Permit 5,000 case permit, tasting by appointment
Vineyards 51.5 total planted, 47.5 Pinot Noir, .5 Merlot, .25 Cab Franc, .25
Chardonnay, 1.25 Tempranillo, .25 Muscat, .5 Petite Sirah and 1
Sauvignon Blank
Waste Treatment Two mound systems for winery, standard septic
for Residence
Utilities PGE, Propane, DSL
Water One 200gpm well, city water for residence
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PetaLUMA GAP WINERY & Vineyard
Russian River VINEYARD
Winery X Real Estate Page 5
Vineyard Map
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Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 6
Vineyard Production History
Petaluma Gap Vineyard *Parcel A Production History
Year Total Acres (prior to lot line
adjustment)
Total Tonnage Gross Revenue
2010 31.75 94.62 233,422
2009 31.75 139.9 428,071
**2008 31.75 **26.17 **72,464
2007 31.75 134 348,097
AVERAGE 31.75 ***122.84 ***336,530 *Parcel A numbers above refer to parcel configuration prior to 2010 lot line adjustment **Significant frost damage. Revenue includes insurance reimbursement. *** Average excludes 2008
Petaluma Gap Vineyard *Parcel B Production History
Year Total Acres (prior to lot line
adjustment)
Total Tonnage Gross Revenue
2010 20 73.8 212,942
2009 20 90.35 285,325
**2008 20 **7.98 **27,060
2007 0 (newly planted in 06)
0 0
AVERAGE 20 ***82 ***249,133 *Parcel B numbers above refer to parcel configuration prior to 2010 lot line adjustment **Significant frost damage. Revenue includes insurance reimbursement. *** Average excludes 2008
Petaluma Gap Vineyard COMBINED Production History
Year Total Acres
Total Tonnage Gross Revenue
2010 51.75 168.42 447,364
2009 51.75 230.25 713,396
2008 51.75 *34.15 99,525 (+ $120,000 frost
insurance recovery)
2007 31.75 (newly planted in ‘06)
134 348,097
AVERAGE *177.5 *502,952 *Average excludes 2008 frost damage year
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Russian River VINEYARD
Winery X Real Estate Page 7
Vineyard Varietal Information
Petaluma Gap Vineyard Parcel A Varietal Information
Varietal *Total Acres Planted Year Planted Clones/Stock
Pinot Noir 22.5 115 Pommard/777
Tempranillo .75 2009
Tempranillo .5 “T” in 06
Petite Sirah .5 “T” in 06
Sauvignon Blanc 1 “T” in 06
Muscat .25 “T” in 06
Total Planted 25.5 ± *All acreage per varietal is ±
Petaluma Gap Vineyard Parcel B Varietal Information
Varietal Total Acres Planted Year Planted Clones/Stock
Pinot Noir 25
Merlot .5
Cab Franc .25
Chardonnay .25
Total Planted 26± *All acreage per varietal is ±
Petaluma Gap Vineyard COMBINED Varietals
Varietal Total Ac Planted Pinot Noir 47.5 Merlot .5 Cab Franc .25 Chardonnay .25 Tempranillo 1.25 Muscat .25 Petite Sirah .5 Sauvignon Blanc 1
Total Planted 51.5 ±
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Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 8
Winery Equipment/ Improvements
3,250 square foot metal winery building
5,000 case permit with tastings by appointment
1,500 square foot covered crush pad
Loft office
Handicap compliant restrooms
Rollup Bay for truck/forklift access
Aluminum Catwalks on crush pad
Refrigeration System
Air Conditioning System
480V power
Tasting Room/Lab
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PetaLUMA GAP WINERY & Vineyard
Russian River VINEYARD
Winery X Real Estate Page 9
Parcel Map
Petaluma Gap Growing Region
The "Petaluma Gap" is part of the Sonoma Coast AVA, a designated American Viticultural Area,
but is not itself an AVA. The Sonoma County wine industry adopted the term "Petaluma Gap" to
help define its products, since the wind, fog and soils in the Gap give the area's wine a distinctive
character.
Geographically, the Petaluma Gap borders West Marin and Valley Ford on the west, then follows
Chileno Valley and Spring Hill Roads to Adobe Road on the east, Cotati on the north and Lakeville
on the southeast. This is not your normal geography. As inland valley air heats up, it pulls the cool
coastal air into a naturally formed 15-mile-wide "gap" in the coastal range mountains. The wind
flows off the ocean between Tomales Bay and Bodega Bay, builds up speed as it funnels through
the gap, then empties into San Francisco Bay. Wind and fog define the area, giving the term
"micro-climate" real meaning.
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Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 10
Russian River Vineyard (For Lease)
Salient Facts
AVA/Region Russian River
Address 2938 Mark West Station Rd, Windsor, CA
Parcel(s): 066-280-021
Total Acres Approx 15 acres leased of a 19 acre parcel
County Use Code Vineyard-Irr W/Res
Lease 15 years remaining on a 20 year lease at 20% total gross vineyard income
Vineyards 15 acres ± planted: 6.5±acres Pinot Noir ;2± acres Pinot Meunier; .5± acres Chardonnay;1.5± acres Syrah
Water Shared well agreement will be required. (Seller owns
contiguous vineyard and well).
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PetaLUMA GAP WINERY & Vineyard
Russian River VINEYARD
Winery X Real Estate Page 11
Vineyard Map
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Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 12
Vineyard Production Hisory
Year Total Acres
Total Tonnage Gross Revenue
20% of Gross = Rent
2010 15 92.8 218249 43650
2009 15 112 281024 56204
*2008 15 *49.8 *123191 *24638
2007 15 86.6 209113 41822
2006 15 103 216024 46220
AVERAGE 15 **98.45 **231102 **46974 *2008 frost damage year **Averages exclude 2008 frost damage year
Vineyard Varietal Information
Varietal Total Ac Planted Year Planted Clones/Stock
Pinot Noir 6.5 115 Pommard/777
Chardonnay 5 4/Dijon
Syrah 1.5 Varied
Pinot Meunier 2
Total Planted 15 Recent contractors of fruit include Bearboat, De la Montanya, Piper Sonoma and Moshin
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Russian River VINEYARD
Winery X Real Estate Page 13
Parcel MaP
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Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 14
Russian River AVA
A Cool Place to Grow Grapes
The Russian River Valley climate is sculpted by the regular intrusion of cooling fog from the Pacific
Ocean a few miles to the west. Much like the tide, it ebbs and flows through the Petaluma Wind
Gap and the channel cut by the
Russian River. The fog usually arrives
in the evening, often dropping the
temperature 35 to 40 degrees from its
daytime high. The fog retreats to the
ocean the following morning. This
natural air-conditioning allows the
grapes to develop full flavor maturity
over an extended growing season —
often 15 to 20 percent longer than
neighboring areas — while retaining
their life-giving natural acidity.
Rocks Become Dirt
The geologic history of the Russian River Valley is both active and recent. The collision between
the North American and Pacific tectonic plates caused the uplift of ancient bedrock, which then
eroded. Within the last few million years the eruption of volcanic vents immediately to the east
resulted in the deposition of volcanic ash on the shallow ocean bottom. The resulting sandstone
gave us our famous Goldridge loam soil.
Water flowing off of the Sonoma Mountain range carried with it eroded volcanic material, creating
soils with large amounts of clay in the central portion of the appellation. Then, in what remains a
major mystery to geologists, the Russian River, which once flowed south to what is now San
Francisco Bay, changed course and headed west through the coastal foothills. Along its course it
deposited large amounts of alluvial materials that are now river benchlands. Each of these different
soils has a profound effect on wine produced from grapes grown in this soil.
(Excerpt from www.rrvw.com)
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PetaLUMA GAP WINERY & Vineyard
Russian River VINEYARD
Winery X Real Estate Page 15
Sonoma Coast AVA
The growers of the Petaluma Gap strongly support the Sonoma Coast AVA. The Sonoma Coast
AVA is a pleasing mass of contradictions; the coolest region in the county is also one of the hottest
(in popularity that is). Hugging the Pacific Ocean in the north and extending into the Petaluma Gap
in the south, the Sonoma
Coast produces twice the
rainfall of any other region,
yet it's still warm enough to
ripen wine grapes to their
full potential.
Another contradiction- in
the northern part of the
appellation, the vineyards
closest to the Pacific are
located above the fog line.
In the Petaluma Gap, the
vineyards are covered by
fog in the early morning and the late afternoon. Regardless of where a Sonoma Coast vineyard
sits-the Pacific fog works its magic by unifying the Sonoma Coast to produce the richness of flavors
possible when varieties like Chardonnay and Pinot Noir are grown in this beautiful environment.
And we, the Gap growers could not be more proud to be a part of this incredible growing area!
Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 16
Photo Gallery
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Russian River VINEYARD
Winery X Real Estate Page 17
Residence &
Production
Facility at
Petaluma Gap
Winery &
Vineyard
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Petaluma Gap WINERY & Vineyard
Russian River Vineyard
Winery X Real Estate Page 18
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PetaLUMA GAP WINERY & Vineyard
Russian River VINEYARD
Winery X Real Estate Page 19
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