Press Release brought to you by NAI Capital

NAI Capital Completes Sale of 2,270-Acre Providence Ranch in Nipton, CA

06/26/2018

Victorville, CA, June 26, 2018– Executive Managing Director Mehdi Mostaedi, ALC with NAI Capital’s Victorville office completed the sale of a 2,270-acre ranch in Nipton, Calif. Mehdi represented the seller, a private individual. The buyer was The Conservation Fund. The total sale price was $2,075,000 or approximately $914 per acre.

Providence Ranch is located in the Center of the Mojave National Preserve between the I-15 & I-40 in California & about one hour to Las Vegas. Mojave National Preserve is 1.6 million acres & less than 20% is privately owned. Providence Ranch is a complete working ranch with producing water wells & generous grazing rights. The ranch is completely fenced and is surrounded by hundreds of thousands of acres of Park land. Elevation ranges from 5,000' to 5,300'. Within the past several years, the Park Service has acquired 3 other major ranches in the area.

Mehdi said, “This is truly a unique property. This was the largest remaining privately owned property within the Mojave National Preserve, owned by the same family for 100 years. Previously I had received other offers from other conservation groups and the Park Service.  I have been active in the Mojave National Preserve area for some time and have sold other large parcels of land to Park Service. Demand for land in this market remains hot.”

About NAI Capital

NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.

NAI Capital Brokerage CA BRE #01990696.

To learn more, visit www.naicapital.com.

About NAI Global

NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.

NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.

To learn more, visit www.naiglobal.com.

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NAI Capital

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