May 26, 2020 Comments Off on 120-Acre Industrial Site in Imperial County Trades at Auction Views: 615 California News, San Diego

120-Acre Industrial Site in Imperial County Trades at Auction

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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.”

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