Texas ranch sells for $300-million

Nov 03, 2021

In a sale valued at US$240-million (~CDN $300-million), a Texas ranch was sold, including land and industrial assets, featuring 31,000 acres in Milam and Lee counties.

Known as the Sandow Lakes Ranch, the property included the site of the former Rockdale smelter, permanently closed in 2018.

Completed on October 29, 2021, the transaction included improved pasture lands, ag properties and industrial assets, purchased by SLR Property I, LP, an affiliate of a Texas real estate enterprise.

The property was owned and sold by Alcoa Corporation who since purchasing the land, have worked with tenants to create economic development opportunities.

Alcoa received US$230-million in cash, noting that it had taken six years to get to this point after performing significant agricultural land improvements, adding water development and solar components, as well as intermodal, tech and other industrial capabilities that apparently SLR found most agreeable.

Video: Kubota Narrow Tractors Compared | B2401, L3520 & L4802 Side by Side

Kubota is one of the only manufacturers in the U.S. market offering a purpose-built lineup of narrow specialty tractors, and all three models are worth understanding before choosing one for a tight-row application. The B2401 comes in just over 35 inches wide at 24 horsepower, making it the entry point for nurseries, greenhouses, and Christmas tree farms where row width is the primary buying criteria. The L3520 steps up to 35 horsepower and 39 inches wide, bringing a fully synchronized transmission exclusive to this model, a more refined operator platform, and significantly more three-point hitch capacity at roughly double the price. The L4802 tops the lineup at 48 horsepower and 53 inches wide but uses a non-synchronized transmission and comes in $300 less than the L3520, making the mid-range machine the most compelling option for many buyers who can work within its capacity limits.