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
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