Cal-Maine Foods Inc Acquires 21-acre Land In Dade City From Florida Agriculture Commissioner For $11M
21210 US-98 Dade City, FL 33525, USA
$11,000,000
Building Size
—
Asset Type
Land
Closing
Jul 2, 2023
About this deal
AI
Florida Agriculture Commissioner Wilton Simpson has sold a 21-acre property located at 21210 U.S. Highway 98 in Dade City. The buyer is national egg producer Cal-Maine Foods Inc., who acquired the land for $11 million.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $11,000,000
- Address: 21210 U.S. Highway 98, Dade City
- Market: Dade City
- ACRES: 21
Cal-Maine Foods Inc. purchased the 21-acre property from Florida Agriculture Commissioner Wilton Simpson. Oversight of large egg operations falls under federal jurisdiction, while the state issues permits for limited poultry and egg farm operations.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93