---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-112693"
form_type: "8-K"
ticker: "LMNR"
cik: "0001342423"
company_name: "Limoneira CO"
filed_at: "2022-10-31T23:59:59+00:00"
generated_at: "2026-06-22T21:28:00.681342+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Limoneira closes $20M sale of Oxnard packing facility; proceeds to reduce debt

## Summary
- Sold Oxnard Lemon Packing Facility to Ventura County Railway for $20M in cash proceeds.
- Expects ~$900K gain in fiscal Q4 2022 ending Oct 31, 2022; uses proceeds to reduce debt.
- CEO highlights strategy to monetize over $150M of non-core assets; additional monetization events expected.
- Leases back wash and storage space from buyer for 36 months at no additional net cost.
- Company reports over 15,400 acres with fair market values >$600M vs. balance sheet book value of $220M.

## SEC filing metadata
- accession: 0001104659-22-112693
- form_type: 8-K
- ticker: LMNR
- cik: 0001342423
- company_name: Limoneira CO
- filed_at: 2022-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1342423/000110465922112693/0001104659-22-112693-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1342423/000110465922112693/tm2229209d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-112693
- JSON: https://secwatch.observer/filing/0001104659-22-112693.json
- Plain text: https://secwatch.observer/filing/0001104659-22-112693.txt

## Key facts
- Material Agreements
  Limoneira CO entered into Standard Industrial/Commercial Single Tenant Lease with Ventura County Railway Company, LLC (effective 2022-10-26).
  - Action: entry
  - Agreement: lease
  - Counterparty: Ventura County Railway Company, LLC
  - Effective: 2022-10-26
  source text: On October 26, 2022, Limoneira Company, a Delaware Corporation (the “Company”), in connection with the closing of the previously announced Purchase and Sale Agreement and Joint Escrow Instructions (the “Agreement”) with Ventura County Railway Company, LLC, a California limited liability company (“Ventura”), entered into the Standard Industrial/Commercial Single Tenant Lease with Ventura (the “Lease”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1342423/000110465922112693/0001104659-22-112693-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.