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July 25, 2024
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Monterey County Farm Property Trades for $3 Mil


Rowe Ranch, an approximately 50-acre farm property located in the Pajaro Valley farming region of Monterey County, in California’s Central Coast, was acquired by The Lukrich Trust for $3 mil. The buyer is a local family which acquired the property as an investment and intends to continue leasing it for agricultural use.

Located along San Juan Rd, the property has a strong history of berry and vegetable production. The current tenant has been farming the land for the past 30 years. It was sold by 14 family members that had owned the property for many generations.

Reuben Helick, Matt Davis and Terry Jackson with Cushman & Wakefield represented both the buyer and seller in the transaction. All three are members of Cushman & Wakefield’s Land Advisory Group.

“With primarily Class I soils, this attractively-sized ranch is recognized for having premier soil and being some of the most productive farmland in the world,” said Helick. “It is rare to see ranches in the Pajaro Valley offered for sale and we received multiple offers within just the first week of coming to market.”

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