Sunrock Groves Sold by Brian Beasley and Dean Saunders for $14.1 Million
March 30, 2020 at 16:45 PM EDT
The large 1,675 ± acres citrus grove in Hendry County produces a variety of oranges, tangelos, and grapefruit
(PRUnderground) March 30th, 2020
SVN | Saunders Ralston Dantzler Real Estate senior advisors Brian Beasley, CCA, CNLM and Dean Saunders, ALC, CCIM recently brokered the sale of a 1,675-acre ranch in Hendry County, Florida for $14,154,115.
The property, located in LaBelle, Florida, is a large citrus grove, producing a variety of oranges, tangelos, and grapefruit. The property is improved with a substantial irrigation drip system and approved Southwest Florida Water Management Districts water permits through 2029.
There is a continued shift happening in the makeup of the citrus industry. The effects of the Citrus Greening disease are a decline in the health of trees and reduced production. Citrus groves with ample production continue to be profitable. However, citrus farming requires significant commitment and resources to successfully replant unhealthy groves and maintain profitable levels of production.
“The Sunrock Grove is ideally located for citrus and sugarcane production,” said Beasley. “However, the buyer of the land will probably use it for industrial uses sometime in the near future, possibly solar panels for electricity.”
ABOUT BRIAN BEASLEY, CCA, CNLM
ABOUT DEAN SAUNDERS, ALC, CCIM
About SVN | Saunders Ralston Dantzler Real Estate
SVN | Saunders Ralston Dantzler Real Estate is a full-service land and commercial real estate brokerage with more than $2.9 billion in transactions representing buyers, sellers, investors, institutions and landowners since 1996. We are recognized nationally as an authority on all types of land including agriculture, ranch, recreation, residential development, and international properties. Our commercial real estate services include marketing, property management, leasing and tenant representation, valuation, advisory and counseling services for office, retail, industrial, and multi-family properties. Our firm also features an auction company, forestry division, international partnerships, hunt lease management and extensive expertise in conservation easements. Located at the center of Florida’s I-4 corridor, we provide proven leadership and collaborative expertise backed by the strength of the SVN® global platform. Learn more at SVNsaunders.com.Press Contact
Original Press Release.