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2 x 4 Ranch, DeSoto County New Price as of May 2009

Approved Zoning as Mixed Use Development 5,700 +/- Acres

Land · Commercial · Conservation · Property Management 5120 S. Lakeland Drive, Suite 3 · Lakeland, FL 33813 Phone: 863-648-1528 · Toll Free: 1-877-518 LAND

www.saundersrealestate.com

Owner will consider dividing

2 x 4 Ranch, DeSoto County Coldwell Banker Commercial Saunders Real Estate is pleased to offer a unique and well positioned real estate investment property in Southwest Florida. The property, known as the 2 x 4 Ranch, is 5,700 +/- acres located near Arcadia, DeSoto County, Florida. This is a pristine Florida ranch property that is presently being utilized as a cattle ranch including leases for vegetable farming and sod production. The property also contains a highly desirable commercial citrus grove that is just beginning to reach its productive potential. The overall property is dry and well drained with less than 10% wetlands areas. The owner has invested significant resources in positioning the property as a great real estate investment opportunity. Under the DeSoto County Comprehensive Plan, the 2 x 4 Ranch is one of only two land tracts in DeSoto County

designated as a New Master Planned Community. The property is permitted for 10,000 Residential Units within both a Village-type development and small acreage rural residential use. There is also 1,000,000 square feet of commercial utilization permitted on the property. Water, sewer, and other necessary utilities are available to the property. Design of the property can accommodate a variety of themes as a self contained community where residents can live, work, shop and play while interacting with the natural environment. The southern DeSoto County area is easily accessible to the growing Southwest Florida area which includes Naples, Ft. Myers, and Port Charlotte. Beautiful Charlotte Harbor and famous beach destinations such as Sanibel, Boca Grande, Little Gasparilla Island and Englewood are an easy drive. The Southwest Florida International Airport in Ft. Myers is just a 50 mile drive. We invite you to review this summary information on this unique property and to call us for more details on this valuable Florida real estate investment opportunity.

012609A/RT

Acreage: 5,700 +/- acres Property Description: Currently a ranch and grove with zoning for mixed use development. This property is one of two new designated communities in DeSoto County! Price: $59,900,000 ($10,500 per acre) NEW PRICE $35,000,000 ($6,150 per acre) (Owner is willing to sell 1,000 acre grove tract separately. Also will subdivide the ranch property into smaller units subject to lender approval.) Location: 4.5 miles SSE of Arcadia, FL on east side of SR 31 Address: 5077 SE 2 x 4 Ranch Road; Arcadia, Florida 34266 Future Land Use: Neighborhood Mixed Use - PUD - 10,000 residential units, 1,000,000 SF Commercial Due Diligence: There has been significant due diligence studies conducted on the property which are available for review. Current Land Use: Agricultural, Ranch, Farming, Cattle, Citrus; Rural Residential Existing Improvements: 4 houses, barns, office, shop, cattle pens Road Frontage: 2 +/- miles on SR 31; Fee Simple access to SR 760 (Hog Bay Road) on north end Uplands/Wetlands: 5,200 +/- acres uplands; 500 +/- acres wetlands Natural Water: Grove water retention; Deep Lake Fencing: Perimeter and internal wire Water: Wells; DeSoto County potable available at frontage Soil: Various soil types suitable for pasture, farming, and citrus operations. Soil borings indicate pockets of potential FDOT grade shell on the property Utilities: Potable water is available to the property in quantities sufficient for the proposed development. Sanitary sewers will discharge to the county treatment plant adjacent to the property which will have the capacity to service the proposed development. Natural Gas available at property. Irrigation: Citrus microjet; pasture pivot & flood; Agricultural irrigation water is provided by 2 MGD water use permit wells, development irrigation will be available from the county treatment plant adjacent to the property. STR: S35 - T38S - R25E Endangered species: Based upon surveys conducted to date, there are no significant endangered species located on the property.

1-877-518 LAND www.saundersrealestate.com

2 x 4 Ranch Aerial

Completed Property Enhancements Since Original Acquisition · · · · ·

Obtained County approval of a 586 lot Planned Unit Development phase prior to obtaining Development of Regional Impact approval. Obtained a county-wide comprehensive plan amendment. Obtained specific property zoning permitting a potential project density of 10,000 residential units with up to 1,000,000 SF of commercial space. Increased citrus revenues Negotiated the county construction of an 8 MGD phased construction sanitary sewer treatment plant on the 2 x 4 Ranch.

Completed the following: · Boundary Survey of the property · Archeological Study · Endangered Species Study · Jurisdictional Wetland Study · Geotechnical Study · Topographic Mapping · Conceptual Planning · Assembled a DRI consultant team for the property

1-877-518 LAND www.saundersrealestate.com

2 x 4 Ranch Sample Concept Plan Conceptual Plans

While every attempt is made to provide as accurate information on this property offering as possible, COLDWELL BANKER COMMERCIAL SAUNDERS REAL ESTATE (CBCSRE) does not guarantee the accuracy thereof. Buyer shall rely entirely on their own information and inspection of property and records.© 2009 Copyright Coldwell Banker Commercial Saunders Real Estate, All Rights Reserved, Worldwide: All content inclusive of text, graphics, images, and logos is the property of CBCSRE. You may not copy this material by any means (including electronic copies), reproduce, duplicate, scan, modify, publish, transfer, use on your own website, distribute, or create a derivative work without receiving written permission from CBCSRE.

1-877-518 LAND www.saundersrealestate.com

Conceptual Plans

Directions: From downtown Arcadia go east on SR 70 to intersection SR 31. Turn south on SR 31 and continue 4.5 miles to ranch entrance on left (east side of SR 31).

Please call Rob Teston (or the Saunders sales agent that you currently work with) to schedule an appointment. SR 70 US 17

I-4

St. Pete Avon Park

Sarasota I-75

SR 31

SITE

Ft. Myers

2 miles frontage on SR 31

Land · Commercial · Conservation · Property Management 5120 S. Lakeland Drive Suite 3 Lakeland, FL 33813

New Price as of May 2009

2 x 4 Ranch, DeSoto County 5,700 +/- Acres - Approved Zoning as Mixed Use Development