Cushman & Wakefield Advises Sale of 58,000-Acre Ashurst Ranch in California’s Central Valley

Joshua Deale • 5/18/2021
Cushman & Wakefield announces the firm has represented seller Rancho Mountain Properties in the disposition of the 58,154-acre Ashurst Ranch in California’s Central Valley.

Ashurst Ranch

CENTRAL VALLEY, Calif., May 18, 2021 – Primarily located in San Benito County, and extending into Fresno County, the prominent property is located in the heart of California’s cattle industry. The ranch sold to Scott Raven a long-time farmer in the Central Valley who will maintain a cattle operation on the ranch.

Matt Davis and Terry Jackson of Cushman & Wakefield’s Land Advisory Group in San Diego in collaboration with Todd Renfrew of California Outdoor Properties handled the sale transaction.

In addition to the existing improvements needed to support a large cattle operation, Ashurst Ranch also benefits from an extensive water system with storage tanks, troughs, springs and wells that provide livestock and domestic water for the ranch. The buyer plans to make further improvements to the fencing and water system at the ranch with a goal of increasing its already substantial carrying capacity. Additionally, Mr. Raven plans to invest in the nine existing oil wells to bring them back into production and further enhance the value of the property.

Matt Davis, Director, said, “Ashurst Ranch has had a long history starting with John Ashurst, a pioneering California cattleman, while in the early 1900s the ranch played an integral role in the local community. Most recently, the ranch provided fertile winter grazing for about 5,000 head of cattle and under the stewardship of Mr. Raven, Ashurst Ranch is sure to be an integral part of California’s cattle industry for generations to come.”

“Productive farm and ranch land has historically been an excellent hedge against inflation and with the price increases that have occurred in the global commodities markets, we are seeing growing interest in investment quality agricultural assets,” Davis added.

Located at 15970 New Idria Road in the unincorporated community of Paicines, approximately 60 miles south of Hollister, the 58,154-acre property consists of 27,944 deeded acres spread across 118 parcels, together with 30,210 acres of Bureau of Land Management (BLM) grazing leases.

The ranch is fenced and cross fenced and provides a sizable carrying capacity. The ranch also has numerous improvements including two houses, two mobile homes, two sets of corrals, loading pens, fencing, irrigation, and a dirt airstrip. The property can also accommodate various recreational uses.

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Joshua Deale San Diego Communications Manager
Joshua Deale

Communications Manager • Costa Mesa

Mr. Deale leads strategic media relations and thought leadership efforts for the West Region markets, and oversees their online presence including managing article and social media efforts.