CBRE Announces Sale of 146.5 Acres of Farmland in Oxnard, Ventura for $10.75 Million

Los Angeles – CBRE announced that Bud Antle Inc., a California-based farming company, has sold Livingston Ranch, a 146.5-acre row crop farm in Oxnard, Ventura, to a regional farming group for $10.75 million.

CBRE’s National Land, Agribusiness and Natural Resources team, comprised of D. Matt Marschall and Dylan Marschall, represented the seller in the transaction.

Located at 3485 Sturgis Road, Livingston Ranch has been utilized primarily for celery production with a rotation of bell peppers. The property features a 4.2-acre fenced yard, 3,700 square-foot maintenance shop and a 3.25-acre material storage yard. Livingston Ranch is within the SOAR (Save Open space and Agricultural Resources) boundaries which protects high-quality productive land for agricultural uses.

The property is located in the Oxnard Plain of Ventura County, where the top cash crops are strawberries, raspberries, nursery stock, celery and cauliflower, including a wide variety of lettuce and leafy greens. Livingston Ranch is less than two miles from the SR 1 freeway that connects 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. “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.”