HONOLULU/SAN DIEGO, December 4, 2018 – Cushman & Wakefield | Chaney Brooks announced today the firm has been hired to advise the sale of Kauai Organic Farms, a 44.63 acre agricultural property located in Kilauea, Hawaii. Kauai Organic Farms is a grower and wholesaler of high-quality organic turmeric, Hawaiian Yellow Ginger and galangal. Located at 4469W N Waiakalua Rd, the property is positioned in the exclusive community of Kilauea Farms near Kauai’s North Shore.
Anthony Provenzano with Cushman & Wakefield | Chaney Brooks based in Honolulu is leading the sale effort. Matt Davis and Curtis Buono of Cushman & Wakefield’s Land Advisory Group in San Diego are providing advisory services. The team has introduced the property to market at a price of $22.95 million.
Davis said, “Kauai Organic Farms is one of the most profitable organic farms in Hawaii, with approximately 26 farmable acres and a 150 GPM water well. The primary crops have been organic turmeric and ginger, both of which have benefited from increasing demand from the health and wellness industries. Over 14.5 acres are currently planted with certified organic ginger, turmeric and galangal for the 2018/2019 harvest.”
Situated near the Pacific Ocean, 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. There is also 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. The island’s landscape and rich culture have made Kauai a rapidly growing top tourist destination, with multiple resort destinations attracting over 1.28 million visitors in 2017 who spent nearly $2 billion. 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.
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