The asset involved in this transaction is approximately 350 acres of land located at 18655 Southwest 120th Street in Miami. The land was sold for a price of $60,000,000 and is situated near Florida Power & Light's existing 465.6-acre solar panel facility in south Miami-Dade County.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $60,000,000
• Buyer: Armando Pimentel Jr. - Florida Power & Light
• Seller: Ivan Gonzalez Ruiz & Angel Torres - EuroAmerican Group; Maria Haydee & Gonzalo Munoz Delgado de Robles - EuroAmerican Krome; Key International
• Date of Sale: 10/18/2024

The buyers included Armando Pimentel Jr., representing Florida Power & Light. The sellers included Ivan Gonzalez Ruiz and Angel Torres from EuroAmerican Group, along with Maria Haydee and Gonzalo Munoz Delgado de Robles from EuroAmerican Krome and Key International. The future plans for the acquired land by Florida Power & Light remain unclear, although the company has been increasingly expanding its solar farm operations in alignment with its renewable energy strategy.