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Peri & Sons Farms Acquires 2,411-Acre Holtville Farm For $27.5M

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SOLD
$27,500,000

California

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Farm
Sold 09/27/2023
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SOLD

Peri & Sons Farms Acquires 2,411-Acre Holtville Farm For $27.5M

Farm
Sold 09/27/2023
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Summary

Asset Type:Farm
Transaction Type:Sale

The ±2,411-acre Starr Ranch agricultural farmland in Holtville, CA, has been sold to Peri & Sons Farms for around $27.5 million. The property, located at 123 Highline Road, offers ample space for Peri & Sons Farms to expand its operations and cultivate fresh produce year-round, including organic vegetables.

Summary of transaction details

  • Property Type: Farm
  • Transaction Amount: $27,500,000
  • Address: 123 Highline Road
  • Market: Holtville
  • Acreage: 2,411

Cushman & Wakefield represented both the buyer, Peri & Sons Farms, and the seller in this transaction. The brokers involved in the deal were Matt Davis and Melanie Haynes, who facilitated the successful sale of the property. Peri & Sons Farms, a family farming operation based in Nevada, aims to utilize the expansive farmland to expand its footprint in the region and meet the growing demand for fresh, locally-grown produce.

Players

Matthew Davis
8 deals$62.4M volume
BROKER

Melanie Haynes
Cushman & Wakefield
1 deal$27.5M volume(760) 431-3848
BROKER

Details

SOLD
IMAGE: Matt Davis, David J. Peri & Melanie Haynes DATE: 09/27/2023 ADDRESS: 123 Highline Road MARKET: Holtville ASSET TYPE: Farm ~ ACRES: 2,411 BUYER: Peri & Sons Farms (@PeriandSons) - David J. Peri BROKERS: Matt Davis & Melanie Haynes (@TheIndustrialChick) - Cushman & Wakefield (@CushWake) SALE PRICE: $27,500,000 NOTE: Cushman & Wakefield has facilitated the sale of the ±2,411-acre Starr Ranch agricultural farmland in Holtville, CA, to Peri & Sons Farms for around $27.5 million. Peri & Sons Farms, a Nevada-based family farming operation, plans to expand its footprint in the region and grow fresh produce year-round, including organic vegetables, on the property.

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