Guava Farm II LLC Acquires 115.2 Acres Farm In Miami From P. Accursio Partnership For $15M

16001 Southwest 182nd Avenue, located in the Miami market, encompasses 115.2 acres of farmland. The property was purchased for $15 million, featuring a 2,275 square foot agricultural warehouse, which adds to the buyer's existing portfolio in the area.

Summary of transaction details:

• Property Type: Farm
• Transaction Amount: $15,000,000
• Buyer: Hitesh M. Kotecha - Guava Farm II LLC
• Seller: Sam C. Accursio Jr. - P. Accursio Partnership
• Lender: Farm Credit of Florida
• Financing Amount: $10,000,000
• Acreage: 115.2

Guava Farm II LLC, under the leadership of Hitesh M. Kotecha, has expanded its agricultural assets with this acquisition from P. Accursio Partnership, which was represented by Sam C. Accursio Jr. in the transaction. The financing was facilitated by Farm Credit of Florida.