May 26, 2020
ADJ Holdings LLC acquired a 120-acre industrial-zoned land property in Imperial County, CA through an auction process run by Ritchie Bros. Auctioneers. The property at 340 Ralph Rd. was purchased from Ralph Road LLC for $1.85 million.
The property features a seven-car rail spur on the Union Pacific (UP) line, plus roughly three quarters of a mile of additional track that could be installed on the property. Approximately 75 acres of the site has chain link perimeter fencing.
Matt Davis and Terry Jackson of Cushman & Wakefield’s Land Advisory Group in San Diego brokered the sale.
Jackson says, “Consisting of four parcels and currently mainly used for storage, 340 Ralph Road was originally developed as a cotton processing facility. It has since been used for a number of uses, including hay storage, truss manufacturing, dead storage, transloading of raw materials and components for manufacturing in Mexicali, and various agricultural uses.”
For comments, questions or concerns, please contact Dennis Kaiser