CBRE Limited (“CBRE”) is pleased to offer for Sale and Leaseback, the Casselman-Manderley Sod Farm (the “Property,” “Site” or
Offering”) on behalf of our client, Manderley Turf Products Inc. (“Manderley”).
The Offering presents a very rare opportunity to acquire on a sale lease back basis a professionally managed and operated sod farm of scale. Located within the United Counties of Prescott Russel, approximately 5 km south of the Town of Casselman, the Property is a total 1,053 acres of commercial farmland.
The Property is a contiguous block that has several significant improvements including tile drainage at 200 foot spacings, permit to take water, a six (6) tower Reinke lateral irrigation system, and finally in 2018 a $530,000 investment was made to construct a six (6) acre irrigation reservoir.
Manderley is held in a portfolio by Market Maker Agriculture, a long-term private equity company that invests in agribusinesses across North America. Manderley wishes to partner with the purchaser on a long-term leaseback and continue to farm the Property for the foreseeable future. Lease terms of 5 to 20 years will be considered with built in options to extend.