Cushman & Wakefield | Chaney Brooks Advises Sale of 45-Acre Kauai Organic Farms

Pacific Organics Acquires Property, Plans to Continue with Successful Farm Legacy

HONOLULU / SAN DIEGO, August 8, 2019 – Cushman & Wakefield | Chaney Brooks announced today the firm has advised the sale of Kauai Organic Farms, a 44.63 acre agricultural property situated in Kilauea, Hawaii. One of the most profitable organic farms in Hawaii, Kauai Organic Farms is a grower and wholesaler of high-quality organic turmeric, Hawaiian yellow ginger and galangal. The buyer was Pacific Organics, Inc., a Hawaii Corporation, which acquired the property along with the business for an undisclosed price. The seller was The Green Family.

Anthony Provenzano with Cushman & Wakefield | Chaney Brooks in Honolulu represented the seller in the transaction. Matt Davis, Curtis Buono, and Terry Jackson of Cushman & Wakefield’s Agribusiness Solutions Team in San Diego provided advisory services. The team members are all part of the firm’s Land Advisory Group.

“Pacific Organics (the buyer) intends to continue the organic farming operation and carry on the legacy of producing top quality organic Hawaiian ginger and turmeric under the Kauai Organic Farms brand,” said Anthony Provenzano.

Provenzano continued, “Hawaii’s tropical climate and fertile soils allow for a wide range of crops to be cultivated across 1.12 million acres of active farmland. Kauai benefits from a 365-days-a-year growing season and the island’s soil and climate make it the best location in Hawaii as well as the United States for growing turmeric and ginger.”

Matt Davis added, “This sale is reflective of the increasing demand for attractive agricultural investment opportunities positioned throughout the Western United States, specifically for specialty crops.”

Located at 4469W N Waiakalua Rd., Kauai Organic Farms provides an idyllic location within the exclusive community of Kilauea Farms, positioned near Kauai’s North Shore / Pacific Ocean. The property consists of approximately 26 farmable acres and a 150 GPM water well. The property also features a 4,824 square foot, custom 3 bed/3.5 bath Hawaiian-Japanese style home with mountain views and resort-quality landscaping including lychee and various other fruit trees. The property is also equipped with a 3,600-sf processing and packing barn with a commercial kitchen, two 40’ shipping containers/upstairs office, two equipment hoop houses and well house.

Known as the Garden Island, Kauai is renowned for its natural beauty, while its landscape and rich culture have made the island a rapidly growing top tourist destination.

CLICK HERE for a video tour of the property (Vimeo).

 

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2019-08-08T17:31:57-04:00August 8th, 2019|In the News|