Seeking Alpha

Gladstone Land with 68 acre CA farm purchase

  • The price for the prime strawberry ground in Oxnard was $6.9M, and the property has water on site and has been farmed for row crop fruits and vegetables for decades.
  • Gladstone (LAND -1.3%) has signed a three-year lease with annual escalators with a major grower.
  • "Opportunities to acquire properties like this one are very rare, especially with such a large and reputable tenant that has been farming the ground for years ... We have a great backlog of farms we hope to acquire, and we are working diligently to close them in the near future."
  • Source: Press Release
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector