Patterson Hydro Grow 1930 Lemon Ave 566,760 SF 100% Leased Industrial Building Patterson, CA 95363 $31,673,925 CAD ($55.89 CAD/SF)
INVESTMENT HIGHLIGHTS
- USDA Certified Organic
- Building Completed in 2020
- Greenhouse Growing Space, Processing Facility, Cold Storage
- Proximity to Modesto, Highway 99, and Interstate 5
EXECUTIVE SUMMARY
Patterson Hydro Grow is a state-of-the-art greenhouse located in Patterson, CA.
Greenhouse:
528,768-square-foot greenhouse facility
Built in 2020, this advanced greenhouse is designed to optimize the growth of a variety of organic hydroponic lettuces, ensuring all-weather availability and premium quality and consistency.
Cold Storage:
29,086-square-foot cold storage facility
Equipped to maintain optimal freshness and extend shelf life, the cold storage facility meets the highest standards for temperature and humidity control.
Packaging:
6,031-square-foot packaging facility
Features specialized equipment for washing, cutting, bagging, and robotic palletizing, ensuring efficient, hygienic, and precise packaging of ready-to-eat lettuce packs.
Office:
2,875 square feet of space for offices & employee support
The modern office area supports administrative functions and provides a collaborative space for employees and management teams.
Organic Certification:
100% Organic Hydroponic Lettuce
The facility produces lettuce, which meets the rigorous standards for organic certification.
Strategic Location:
Proximity to Modesto and close to major thoroughfares (very important for trucking)
Positioned near Modesto and Tracy, the hub for major national distributors, ensuring efficient logistics and timely delivery. Major logistics hub, which serves as a primary distribution point for companies such as Amazon, Restoration Hardware, Grainger, KoolPak, Jain Farm Fresh Foods, Costco, Albertson’s Safeway, and similar companies.
Advanced Technology:
The facility is equipped with cutting-edge technology for washing, cutting, bagging, and robotic palletizing, providing unparalleled efficiency and quality. Built in collaboration with Costco, Patterson Hydro Grow was previously delivering ready-to-eat lettuce packs tailored to meet their high standards and rigorous quality control.
Greenhouse:
528,768-square-foot greenhouse facility
Built in 2020, this advanced greenhouse is designed to optimize the growth of a variety of organic hydroponic lettuces, ensuring all-weather availability and premium quality and consistency.
Cold Storage:
29,086-square-foot cold storage facility
Equipped to maintain optimal freshness and extend shelf life, the cold storage facility meets the highest standards for temperature and humidity control.
Packaging:
6,031-square-foot packaging facility
Features specialized equipment for washing, cutting, bagging, and robotic palletizing, ensuring efficient, hygienic, and precise packaging of ready-to-eat lettuce packs.
Office:
2,875 square feet of space for offices & employee support
The modern office area supports administrative functions and provides a collaborative space for employees and management teams.
Organic Certification:
100% Organic Hydroponic Lettuce
The facility produces lettuce, which meets the rigorous standards for organic certification.
Strategic Location:
Proximity to Modesto and close to major thoroughfares (very important for trucking)
Positioned near Modesto and Tracy, the hub for major national distributors, ensuring efficient logistics and timely delivery. Major logistics hub, which serves as a primary distribution point for companies such as Amazon, Restoration Hardware, Grainger, KoolPak, Jain Farm Fresh Foods, Costco, Albertson’s Safeway, and similar companies.
Advanced Technology:
The facility is equipped with cutting-edge technology for washing, cutting, bagging, and robotic palletizing, providing unparalleled efficiency and quality. Built in collaboration with Costco, Patterson Hydro Grow was previously delivering ready-to-eat lettuce packs tailored to meet their high standards and rigorous quality control.
PROPERTY FACTS
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
San Jose
1,030,119
82
1 h 50 m
San Francisco
883,305
88
1 h 53 m
Fresno
530,093
96
2 h 3 m
Los Angeles
3,990,456
308
5 h 49 m
San Diego
1,425,976
419
7 h 59 m
Las Vegas
644,644
497
9 h 23 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
90,668
Total Labor Force
42,434
Unemployment Rate
7.81%
Median Household Income
$68,853
Warehouse Employees
8,349
High School Education Or Higher
70.30%
$ values in USD
PROPERTY TAXES
| Parcel Number | 047-10-17 | Improvements Assessment | $12,307,743 CAD |
| Land Assessment | $292,489 CAD | Total Assessment | $12,600,232 CAD |
ZONING
| Zoning Code | Agricultural |
SALE ADVISORS
SALE ADVISORS
Dylan Marschall, First Vice President
(760) 420-1632
Contact
As a fifth-generation farmer, agriculture runs in Mr. Marschall’s blood. Coupled with a degree in finance and over ten years of experience at the world’s two most prominent commercial real estate firms, he has a unique skill set and proven experience helping clients achieve their real estate goals. Mr. Marschall is passionate about the agricultural industry and proves his value through successful client outcomes. While completing numerous complex transactional assignments, he has extensive experience in creative deal structuring and financing.
As a senior associate broker at CBRE, Mr. Marschall was responsible for
production brokerage activities and team management, including business development/deal sourcing, listing management, transaction services, and client relationship management. As an appraiser at Cushman and Wakefield, Mr. Marschall was responsible for the execution of appraisals and consulting assignments throughout the United States, Canada, and Mexico for a wide range of property types, including production agriculture, large holdings, dairies, row and tree crops, nurseries, transitional land, water rights, wind and solar properties, and packing/processing facilities.
As a senior associate broker at CBRE, Mr. Marschall was responsible for
production brokerage activities and team management, including business development/deal sourcing, listing management, transaction services, and client relationship management. As an appraiser at Cushman and Wakefield, Mr. Marschall was responsible for the execution of appraisals and consulting assignments throughout the United States, Canada, and Mexico for a wide range of property types, including production agriculture, large holdings, dairies, row and tree crops, nurseries, transitional land, water rights, wind and solar properties, and packing/processing facilities.
Matt Marschall, Senior Vice President
(619) 540-5555
Contact
From 1983 to 1987, Matt worked with California Real Estate Counseling Group and in 1987, formed Marschall & Associates, an independent real estate consulting and appraisal firm. Then in 1990, merged with Ken Wilson, MAI, to form Wilson Marschall Associates, Inc. The firm merged with Dore & Curry, Inc. in 1997 to form Dore, Curry, & Marschall, Inc., a full-service consultation, advisory, and valuation firm. By 1999, the firm became the San Diego office for Integra Realty Resources with offices in Orange County and partners in Los Angeles. In the fall of 2005, the firm joined Cushman & Wakefield of California, Inc. Matt then became the executive managing director and national leader for the land specialty practice that included agribusiness and natural resources and the co-practice leader for the Residential Properties team. In 2016, Matt joined CBRE as an executive managing director and Land Services Group leader in San Diego, serving Southern California.
Currently, Matt is a senior vice president and specialty practice leader for land & agribusiness at Kidder Mathews, focusing on brokerage, consultation, and appraisal services for a wide variety on investment-grade land holdings from residential to transitional and development land, including agricultural properties. Matt is a California licensed broker and holds the MAI and AI-GRS designations from the Appraisal Institute. He is also an Accredited Rural Appraiser (ARA) granted from the American Society of Farm Managers and Rural Appraisers and is a Fellow with the Royal Institution of Chartered Surveyors (FRICS).
Currently, Matt is a senior vice president and specialty practice leader for land & agribusiness at Kidder Mathews, focusing on brokerage, consultation, and appraisal services for a wide variety on investment-grade land holdings from residential to transitional and development land, including agricultural properties. Matt is a California licensed broker and holds the MAI and AI-GRS designations from the Appraisal Institute. He is also an Accredited Rural Appraiser (ARA) granted from the American Society of Farm Managers and Rural Appraisers and is a Fellow with the Royal Institution of Chartered Surveyors (FRICS).
Warren McCafferty, Senior Associate
(442) 287-8226
Contact
Warren is part of a second-generation farm family and was raised in Durban, South Africa, on his family’s farm. Warren moved to the United States in 1988, served in the United States Navy, and is a Veteran of the Persian Gulf. After serving in the US Navy, Warren worked as a project engineer for Peter Kiewit and Sons, one of the world’s largest construction firms, overseeing major projects ranging from water treatment plants, pumping stations, rate flow control stations, and power plants. Warren was also the owner and CEO of one of the largest community management companies in Southern Nevada, with offices in Las Vegas, Reno, and Southern California. Warren has over 30 years of experience in real estate and construction management and is a licensed real estate agent in California.
Warren provides sales and consulting services to a wide range of clients focusing on agricultural properties and land. Warren lives with his wife Jamie in San Diego and enjoys spending time with his children and grandchild. Warren’s free time includes surfing, deep sea fishing, kayak fishing, diving, and spending time at his vacation home on the East Cape of Baja, California.
Warren provides sales and consulting services to a wide range of clients focusing on agricultural properties and land. Warren lives with his wife Jamie in San Diego and enjoys spending time with his children and grandchild. Warren’s free time includes surfing, deep sea fishing, kayak fishing, diving, and spending time at his vacation home on the East Cape of Baja, California.
