CBRE has brokered a $10.75 million farmland deal for Livingston Ranch – a 146.5-acre row crop operation in Oxnard, California.
D. Matt Marschall and Dylan Marschall represented the seller, Bud Antle Inc., throughout the transaction.
“Our team was able to generate a price-per-acre that was at the very top end of value and also assisted the client in a post-transaction operational opportunity through a lease that benefited all parties,” said Matt Marschall.
Located in the Oxnard Plain, a region known for being a prime location for the production of cash crops such as strawberries, raspberries, nursery stock, cauliflower, lettuce, and leafy greens, Livingston Ranch has primarily been in the production of celery and bell peppers.
Also located within Save Open Space and Agriculture Resources (SOAR) boundaries, Livingston is protected as being productive land for high-quality agricultural uses, and is only two miles from the SR 1 freeway connecting Oxnard to both Los Angeles, and Santa Barbara counties.
“The high-quality soils, ample water supply, favorable coastal climate, long growing season and level topography are characteristic of the Oxnard Plain and make for great farming conditions,” said Matt Marschall.
– Lynda Kiernan is Editor with GAI Media and daily contributor to the GAI News and Agtech Intel platforms. If you would like to submit a contribution for consideration, please contact Ms. Kiernan at lkiernan@globalaginvesting.