400 N. Oakglen and N. Mallagh St, Nipomo, CA 93444

Located adjacent to the historic town of Nipomo and situated about a quarter mile from the Tefft/Hwy 101 interchange, the Property is bounded to the west by a 3/4 mile frontage on N. Oakglen Ave parallel to Hwy 101, and bounded to the east by N. Mallagh Street. Nipomo High School borders the Property to the north. The area to the east of the Property and across from Mallagh Street is a residential neighborhood, and across N. Oakglen Ave to the west is a small residential area, the SLO Co. Fire Station and Highway 101. The old downtown of Nipomo is four blocks to the southeast. The Property is In the vicinity of other irrigated farming operations, including vegetables, avocados and citrus.

Owned today by direct descendants of the famous Captain Dana who owned the original 1837 Mexican Land Grant, the Property has a long history of irrigated farming. It is currently leased to a grower who has been growing strawberries, squash and peppers. Currently there are 76 acres leased to a grower with some potential to add additional acreage. There is a cell tower located on the northern end of the Property which brings in about $22,000 annually with annual increases.

Bisected by Nipomo Creek, the Property has approximately 15 acres between the creek and N. Oakglen Road. Interestingly, this soil is a sandy soil while the balance of the Property, between Nipomo Creek and N. Mallagh St. Is heavy ground. Deleissigues Creek is a small seasonal creek that runs across the southern part of the Property into Nipomo Creek. A Nipomo CSD underground waterline crosses the property east to west.

There is a cell tower located on the northern end of the Property which brings in about $22,000 annually with annual increases.