- 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
at MarketWatch.com (Apr 12, 2014)