offering memorandum - Norcalvineyards.com

Prestigious Ultra Premium
Red Hills Vineyard Estate
Offering Memorandum
Price: $2,200,000
Offered by: Tom Larson & Tony Ford
A Division of Full Spectrum Properties, Inc.
“Specializing in Sales and Acquisitions of Vineyards, Wineries and Fine Estates.”
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Prestigious Ultra Premium
Red Hills Vineyard Estate
Table of Contents
Salient Facts .............................................................................................3
Property Overivew .................................................................................4
Vineyard Details .....................................................................................5
Vineyard Overview ................................................................................6
Photo Gallery............................................................................................7
Reviews ....................................................................................................8
Tasting Notes ..........................................................................................9
Appellation Overview ...... ..................................................................10
County Overview ..................................................................................11
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Page The reason Portalupi wine is made began many years ago in Arcata, a small northern California coastal town
where
Prestigious
Premium
RedCompany
Hills Vineyard
Tim and
Jane first metUltra
as children.
Portalupi Wine
was foundedEstate
in 2002 by Tim and Jane Borges, a
husband and wife team with generations of history and experience in the making and marketing of premium
wines in
Italy and Northern California.
8267 Red Hills Rd, Kelseyville, CA 95451
LPortalupi
ocation
:
Wine is a celebration of their reunion and a tribute to their rich Italian and Portuguese ancestry.
Having traversed the gamut of the premium wine business for some nearly thirty years, Tim and Jane are now
APN:
011-056-36-00
focusin
Salient Facts
County:
Lake
Appellation:
Red Hills
Parcel Size
57.86 Acres
Vineyard:
36 Acres Planted to Ultra Premium Malbec, Petite Syrah and Petite
Verdot.
Grape Contract:
Grapes are in contract through 2013.
Residence:
Residence: Gated 4,800 Sq. Ft. Estate Residence Built in 2003. 5 Bedrooms, 5 Bathrooms, Granite Counters, Hardwood Floors, Wet Bar,
Game Room, Wine Cellar, Custom Pool, Deck, Sweeping Views &
More..
Plantable Land:
Approx. 10 Acres of Additional Plantable Land
Horse Facility:
Horse Barn/Shop and Professional Size Arena.
Water:
125 Gallon Per Minute Ag Well, 30 Gallon Per Minute Domestic Well,
and Artesian Spring Fed Pond
Tax Status:
Standard Lake County Tax Rate of 1.1% +/- of Purchase Amount.
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Page Property Overview
Prestigious Ultra Premium Red Hills Vineyard Estate
Wine country life is good at this 57.86 acre vineyard estate located in Lake
County’s premier wine growing region Red Hills Appellation. Featuring a magnificent 4,800 square foot estate home built in 2003, 36 acres of ultra premium
wine grapes and 10 additional plantable acres, 125 gallon per minute agricultural
well, 30 gallon per minute domestic well, artesian spring-fed pond, full size
horse arena, 1,500 square foot shop, pool and views in all directions. The amenities of the 5 bedroom, 5 bathroom home are endless; modern kitchen with granite counter tops, imported eucalyptus hardwood floors, crown molding throughout, formal dining room, large living area with game room and bar, surround
sound, wine cellar, office, 2,000 square foot deck, and so much more. Don’t pass
on the property of your dreams!
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Page The reason Portalupi wine is made began many years ago in Arcata, a small northern California coastal town
Prestigious Ultra Premium Red Hillswhere
Vineyard Estate
Tim and Jane first met as children. Portalupi Wine Company was founded in 2002 by Tim and Jane Borges, a
husband and wife team with generations of history and experience in the making and marketing of premium
wines in
Italy and Northern California.
Portalupi WineProjected
is a celebrationVineyard
of their reunion
and a tribute to and
their rich
Italian and
Portuguese ancestry.
Production
Income
Data
Having traversed the gamut of the premium wine business for some nearly thirty years, Tim and Jane are now
focusing their time
on producing
to the marketplace,
Varietal/Clone
Acres
Spacingand delivering
YR
Rootstock
$ /ton $ /ton $ /ton
their exquisitely crafted wines.Planted
2011 2012 2013
Vineyard Details
Petite Syrah, Stages Leap - Clone 3
19.5
9 x 7 - 8 x 6 98/00 110 R/420A
$1,100 $1,150 $1,200
Malbec - Clone 8 & 4
12.5
8 x 6 -8 x 5 97/00 420 A/ 5C
$1,500 $1,500 $1,500
Petite Verdot- Clone 3
4
8 x 5
$1,500 $1,500 $1,500
Varietal
2009
Tonnage
2010
Tonnage
1997
2011
Est. Tonnage
Petite Syrah, Stages Leap
115
90
115
Malbec
50
50
50
Petite Verdot
15
15
15
5C
Projected Revenue 2011
180 Tons = $224,000
Farming Costs =108,000 Annually
Estimated Net: $116,000
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Page The reason Portalupi wine is made began many years ago in Arcata, a
small northern
California coastal
town Vineyard
where
Prestigious
Ultra Premium
Red Hills
Estate
Tim and Jane first met as children. Portalupi Wine Company was
founded in 2002 by Tim and Jane Borges, a husband and wife team with
generations of history and experience in the making and marketing of
premium wines in
Italy and Northern California.
36 acres of ultra premium red varietal wine grapes in the famous
Portalupi Wine is a celebration of their reunion and a tribute to their rich
Red Hills Appellation
located
just off of
Hwy 29 on Red Hills
Italian and
Portuguese
ancestry.
Rd.
This area
knownoffor
highest wine
quality
of wineforgrapes
Having
traversed
theisgamut
thethe
premium
business
somein
nearly
County
dueJane
to the
volcanic
soils
thattime
are on
well
drained and
thirtyLake
years,
Tim and
arered
now
focusing
their
producing
delivering
to the
marketplace,
and ideally suited
for premium
production.
The owner currently
their
exquisitely
crafted
wines.
produces premium vineyard designate wines from the vineyard
and sells the wine for approx $25.00 a bottle retail.
Vineyard Overview
The vineyard is professionally managed by the owner who is
willing to continue to farm the vineyard for the new buyer. The
cost for the owner to operate the vineyard “turn key” is approx
$108,000 a year. The property is ideally suited for a winery if a
buyer chooses to move in this direction and the zoning is
consistent for this use.
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Page Photo Gallery
Prestigious Ultra Premium Red Hills Vineyard Estate
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Page Reviews
Prestigious Ultra Premium Red Hills Vineyard Estate
Marie N. 3/9/2010
Matinez, CA
ONLY because they offer McDermaid Family Vineyard selections AND they don’t charge extra
(equivalent to a high end reserve). They are family owned and generous with their information. I love my wine and appreciate it when
people (in general) spend extra time to share their favorites (BIG smiles).
I HIGHLY RECOMMEND/DEMAND you request to taste the “McDermaid - 2007 Malbec” FYI - Family OWNED and operated (i.e.
keeping it real) I AM IMPRESSED!
Side Note: I’m an admitted Napa Valley snob (based on tasting experience) ;) TRY IT and LOVE IT! I know that we bought several
bottles; not a regular thing, but I am looking forward to showing off my new found treasure amongst my snobby wine club friends :P
Anonymous 3/9/2010
Matinez, CA
I’ll admit it, I’m a bit of a wine SNOB and I love my CAB, CAB FRANC and MERITAGE ;) We regularly taste in Napa (preferred)
and Sonoma Counties (sometimes pleasantly surprised) and everywhere else (Paso Robles has been a nice too). We have a ton of
wine, so it takes something special to make us want to buy. I BOUGHT 4 BOTTLES of “McDermaid Family Vineyards - 2007 Malbec”! Looking back, I should have bought a case or two. Because they are just getting their name out there, they are currently way
more reasonable than a bottle of any Napa/Sonoma. TAKE NOTICE: They MATCH the quality of CakeBread, Peju and/or St. Supery
(ViSutti used to be “it” about 5 yrs ago). Why haven’t I heard of “McDermaid Family Vineyards” before???
It was this weekend, when we went to the Napa Mustard Festival ( I brought my own wine glass) and found this vineyard by accident. The bright yellow balloons attached to the sign of a local coffee shop enticed us to go in and check them out. All I can say is,
“WOW!” Sobering experience, this wine is phenomenal. Enough said.
Both my husband and I were in FULL agreement (that rarely happens) that their “2007 Malbec” is by far our new found FAVORITE!
It exceeded our expectations, which is not easy to do We were both instant fans and I do think that we’re actually going to join their
WINE CLUB?! (something we wouldn’t normally do). I begged the pourer (turns out he is the winemakers son?!), to sell me a few
bottles; he looked sad, but assured me that he could not
I was persistent and wanted to know more about our new found favorite (2007 Malbec). He was kind enough to allow me to put in an
order for a few bottles; rules are rules. FYI - They shipped the wine BEFORE they debited my account?! We received the wine with a
PERSONALIZED (hand-written) THANK YOU NOTE from one of the owners?! WOW, that just does NOT happen!!! Ever!
Turns out that they are a family owned vineyard and even in this economy, they refuse to sacrifice quality for profit. WE ARE FANS!
After talking to one of the owners (Sara McDermaid herself). I found out that they also have a WINE CLUB?! YUMMY! My understanding is that you can ONLY TASTE at the KELSEYVILLE WINE COMPANY located in Kelseyville, CA (again, family owned
and just getting their name out there). I WOULD HIGHLY RECOMMEND calling them up and ordering the 2007 MALBEC. They’re
putting Lake County Vineyards on the map and going to give the Napa Valley something to strive for (according to me, “a WINE
SNOB”) :P I learn something new everyday. THANK YOU McDermaid Family, for doing what you do! Um, un-corking my “2007
Malbec” and going to run it through my “Venturi” now... Just spreading the word on a well-kept secret. If you love your wine (even
half as much as we do), you will NOT WANT TO MISS OUT on this one ;)
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Page Tasting Notes
Prestigious Ultra Premium Red Hills Vineyard Estate
McDermaid Vineyards- Lake County California
RANCH BLEND 2007 Lake County
The color extraction to this wine displays Deep ruby with aromas of fresh dried fruits such as Dried Cherry
Blackberry violets and a hint of spice and pepper. The pronounced tastes of Cherry and red fruits and berries
on the palate. This wine blend displays a medium bodied wine that’s ready to drink. Never bitter or tannic or
astringent this wine will be a great social wine or paired with light spice dishes, BBQ, veal, or poultry dishes.
McDermaid Vineyards- Lake
County California
Petit Verdot 2007 Lake County-Red Hills Appellation
RANCH BLEND 2007 Lake
This wine is a beautiful garnet to ruby color. The aromas of Bing Cherry and red and black fruits are predomiCounty
nant in this wine and white pepper spice. Black cherry on the palate and a little mint freshness light to medium
The color extraction to this
bodied wine with fruit flavor and light to medium acidity. This is a ready to drink wine now socially or with
wine displays Deep ruby with
food. This wine has texture and flavor without the boldness and heavy tannins of a Cabernet Sauvignon. The
aromas of fresh dried fruits
Peitt Verdot variety is normally blended in wines as a secondary grape variety and in some Bordeaux blends
such as Dried Cherry Blackor other wines to add a particular subtleness and texture to their balance and a bit of spice and floral aroma but
berry violets and a hint of
in this case stands alone as a very nice wine with lively fruit and fresh aromatics ready to drink without any
spice and pepper. The proastringency and bitterness.
Malbec 2007 Lake County -Red Hills Appellation
A Beautiful color this wine has Deep Purple extractions yet with a Ruby color background a berry blackberry
, red fruit like dried cherries and hints of mocha with a little spice bell pepper on the nose and the palate. This
wine has medium acidity with some grip yet subtle enough to compliment the fresh plum fruit flavors. The
texture is nice and with a filled up front mouth feel without astringency and gripping tannins. This wine subtly
lingers on the palate.
Petit Sirah 2007 Lake County -Red Hills Appellation
The phenolic extraction and color of the grapes leave a Deep Ruby/Garnet color with slight Purple hues. Light
on the spice and nose yet this is a fruit driven dried fruit cherry, a little raspberry, blackberry with slight tartness to the cherry and berry flavors with even a hint of leather and dryness on the palate. This wine is medium
bodied with great mouth feel with some complexity and texture on the palate. This wine has a nice finish without the overt acidity and tannins which make this wine a great wine to drink by itself or paired with food.
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Page Appellation Overview
Prestigious Ultra Premium Red Hills Vineyard Estate
Location
The Red Hills appellation lies along the southwestern shores of Clear Lake, the largest natural freshwater lake
in California. Designated Lake County’s newest AVA in September 2004, Red Hills sits at the foot of the ancient
volcano Mount Konocti, and extends from Big Valley on the west to Excelsior Valley on the east. On its southern
edge, Red Hills is bounded by the high volcanic peaks of the Mayacamas Mountains. The rolling volcanic terrain
of the region is in dramatic contrast to the wider valleys and higher mountains of the surrounding viticultural
areas of Lake County.
The Red Hills District is located entirely within the larger Clear Lake AVA, which fully surrounds Clear Lake and
in turn lies entirely within the North Coast AVA. Red Hills is considered a sub-appellation of both the Clear Lake
and North Coast AVAs. Of the 31,250 acres or 49 square miles in the Red Hills District, approximately 3,000
acres are currently planted to wine grapes. We estimate that an additional 3,000 to 5,000 acres are plantable.
Soils
Over 90% of the soils in Red Hills are of volcanic origin from neighboring Mount Konocti, producing welldrained earth that is rich in black obsidian and gravel content, and strikingly red in color. Three general soil types
predominate: Glenview-Bottlerock-Arrowhead, Konocti-Benridge, and Collayomi-Aiken. The shallow depth and
rich mineral content of the soils create an ideal environment for growing Cabernet Sauvignon and other premium
grapes.
Elevation
In contrast to the more rugged topography found throughout most of Lake County,
Red Hills is an area of gently sloping, rolling terrain, with elevations ranging from
1,400 to 3,000 feet above sea level. The cooling afternoon breezes found at these
moderate elevations contribute to the favorable growing conditions of the region.
Weather
The Red Hills appellation benefits from a unique diurnal temperature pattern, with
hot days tempered by afternoon winds that can cool nighttime temperatures by as
much as 50 degrees. During the growing season daytime temperatures easily reach
90 degrees and above, but cool down each afternoon from breezes created by the
sloping elevation changes around Mount Konocti and offshore winds from Clear
Lake. The cool nights help preserve the acidity of the grapes and slow the ripening
process, enhancing the flavor and complexity of the product.
Red Hills lies within the Region III Climatic region, but is not impacted by coastal
fog and various marine effects commonly experienced by other growing regions
within the North Coast AVA. Average rainfall in the area ranges from 25 to 40 inches per year.
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County Overview
Prestigious Ultra Premium Red Hills Vineyard Estate
W
elcome to Lake County, where you’ll find beautiful rural scenery,
friendly communities, attractions, outdoor recreation and activities offered year around. With its
beauty, clean air and affordability, Lake County is not only a great vacation destination, but it has
become the choice of thousands as a place to relocate to.
Clear Lake attracts a substantial number of transplanted
urban commuters, especially families, seeking affordable
housing and a country lifestyle.
Due to its lakeside recreational activities, Clear
Lake also draws a sizable
vacation and weekend population, many of whom eventually pull up stakes to make it their
full-time home. For ten straight years Lake
County has had the “cleanest air” in the state. If you are a
golfer, there are five courses, including one
Championship 18 hole course close by, in Middletown.
One of the most popular activities around these days has
become wine tasting. You cannot enter this
beautiful county without noticing the presence of
attractive, well-maintained vineyards. Whether you are
looking for a place to vacation, or just a place to get away
for the day, remember we are just a couple hours away
from both the Bay Area and Sacramento. If you are looking for a lifestyle change and want a more relaxed, rural
lifestyle in a pristine area surrounded by natural beauty, if
you want to live and raise your family in an area devoted
to an elevated quality of life, consider Lake County.
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“Specializing in Sales and Acquisitions
of Vineyards, Wineries and Fine Estates.”
Tony Ford
DRE # 01406167
Wine Enthusiast / Sales
Cellular: 707.391.5950
tony@norcalvineyards.com
Tom
Larson
President / Broker
DRE # 01057428
Cellular: 707.364.5006
tom@norcalvineyards.com
1.800.817.LAND (5263)
w w w. n o r c a l v i n e y a r d s. c o m
338 Healdsburg Ave.
efferson St.
Healdsburg, CA 95448
CA 94558
5.8600
ww w . n o r c a l v707.433.000
i n e y a r d s .com
601 South State St.
Ukiah, CA 9548
707.46.1600
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