229 Acres Of Farmland Properties Sell In South Miami-Dade

Written by on 03.07.17 in Commercial Real Estate, Land - No comments

Eleven parcels of farmland for a combined 229.3 acres in south Miami-Dade County were sold for $10.23 million.

Limestone 227 LLC, managed by Joseph A. Sanz and Kevin Sanz, sold the properties to Marista Holdings LLC, managed by Lourdes Rodriguez in Homestead. The deal was financed by a $6.25 million mortgage from Impella Services, a British Virgin Islands company. The borrower also increased its mortgage with Multisanto Worldwide, also a British Virgin Islands company, from $5.2 million to $11.45 million. The latter loan covers other properties in Florida as well.

The 11 parcels are located in four places around Homestead and the Redlands:

–  85 acres at the intersection of Southwest 280th Street and Southwest 117th Avenue just north of Homestead Air Reserve Base.

–  79 acres at the northwest corner of Southwest 184th Street and Krome Avenue.

–  45.4 acres at the southwest corner of Southwest 312th Street and Northeast 43rd Avenue.

–  19.9 acres at the northwest corner of Southwest 288th Street and Krome Avenue.


Source: SFBJ

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