HENDRY & COLLIER COUNTY AUCTION: SOLD 9/17/2015

1,1151 ACRE AUCTION IN HENDRY & COLLIER COUNTIES, FLORIDA

1,151 ACRE AUCTION IN HENDRY & COLLIER COUNTIES, FLORIDA

SOLD: $10,200,000, 1,151± Acres On Thursday, September 17, 2015


AUCTION DATE, TIME & LOCATION

Thursday, September 17th at 1PM

LaBelle Civic Center

481 W State Rd 80, LaBelle FL 33935

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OVERALL PROPERTY DESCRIPTION

This Immokalee property is a turnkey farming operation with a high percentage of plantable acres and an easy-to-access road network. It has an excellent irrigation and drainage system consisting of well-maintained canals and ditches, 19 permitted wells with four irrigation pumps, and six throw-out pumps in place. The farm has excellent soils and is suitable for a wide variety of row crop fruits and vegetables as well as citrus.

Tracts 1-4 on the eastern, Hendry County side of the property provide a dense parcel of row cropland that is approximately 90% plantable with drainage canals bordering every perimeter. Tract 2 features a young grove planted with Vernia oranges. Tract 3 includes a radio tower that produces $1,490 monthly income with a 4% annual escalator through January 2034.

Tracts 5-7 on the western Collier County side of the property are approximately 70% plantable and include a 7.5± acre storage yard with a well-maintained equipment shed and office on Tract 6. Tract 5 features a mature citrus grove with resets that have been planted at the base of the majority of the citrus trees.