Gladstone Land with 68 acre CA farm purchase

|About: Gladstone Land (LAND)|By:, SA News Editor

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."