Indian River Grove

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Indian River Grove Vero Beach, Florida • Indian River County

915+/- Acres

Indian River 915 Acres Grove Vero Beach, Florida • Indian River County

5-10-15 Mile Rings

Parcel IDs: • 33372800000100000001.0 • 33373300000100000001.0 • 33373400000300000001.0 GPS: 27.572061, ­-80.629010 Driving Directions: • From the intersection of SR 60 and I­-95 in Vero Beach, travel west on SR 60 for 6.7 miles to 154th Avenue • Turn left on 154th Avenue and Travel south for 3.6 miles, crossing the bridge over the flow way and the grove will be on the right

3.5 +/- Miles to SR 60 10 +/- Miles to I-95 17 +/- Miles to Vero Beach

For additional maps and details, go to:

www.SaundersRealEstate.com/IndianRiver

Indian River 915 Acres Grove Vero Beach, Florida • Indian River County

The property is a large mature income producing citrus grove located in the Saint John’s Improvement District. Varieties include a strong mix of Red, White and Flame Grapefruit, as well as Hamlin and Pineapple Oranges. The grove is currently under a lease agreement providing guaranteed rents, as well as participation in profits generated from the grove. Located west of Vero Beach in an agricultural area, the property benefits from direct use of 154th Avenue and easy access to SR 60, just minutes from town. Uplands/Wetlands: Acreage: • 915.7 +/- acres • 19 +/- acres wetlands • Additional acreage available adjacent to the property • Remainder uplands • Property is rectangular approximately 2 miles from north Irrigation/Wells: to south and 1 mile wide at its widest point • (12) 6-inch Artesian wells Sale Price: $6,862,500 • Surface water provided by the St. Johns Improvement District Price per Acre: $7,500 • Water Use Permits are in place and include the (12) County: Indian River 6-inch artesian wells Site Address: 154th Avenue SW & 9th Street SW, Zoning/FLU: A­-2, allowing one unit per 10 acres Vero Beach, FL 32968 Structures: 5000+/- SF barn Road Frontage: Income: The property is currently under a very good • 4900 +/- SF on 154th Avenue SW lease arrangement with a strong local grower and packer • Paved road located within a mile of property Class of Grove: Mature Soil Types: Predominately Pineda, Riviera, Winder, Manatee Annual Taxes:­$118,867.22 (2014) Loamy, and Wabasso Fine Sands; and Foridana Sand

2016 Consolidated Tree Count Type GF GF E&M E&M E&M E&M E&M E&M E&M GF GF Total

Variety Flame Flame Hamlin Hamlin Hamlin Hamlin Pineapple Pineapple Pineapple Red White

Root Stock Swingle Seville Cleo Carrizo Sour Swingle Sour Swingle Carrizo Sour Sour

Total Spaces 12,140 1,394 2,935 3,133 2,000 2,368 10,600 741 2,709 21,940 10,425 70,385

Producing Trees 12,140 1,394 2,935 3,133 2,000 2,368 10,600 741 2,709 21,940 10,425 70,385

Net Acres 92.0 14.1 39.0 27.0 13.0 18.9 88.0 9.0 16.0 302.0 142.0 761.0

Acres 111.00 16.10 48.00 31.00 20.00 25.90 107.00 11.00 18.00 362.00 168.00 918.00

Production in Boxes Net Acres

Variety

302

Grapefruit, Red

106

2014/15 Actual

2013/14 Actual

2012/13 Actual

3 Yr Avg

110,310

150,598

132,799

131,236

Grapefruit, Flame

27,318

39,900

38,040

35,086

142

Grapefruit, White

62,945

81,311

71,330

71,862

104

Orange, Hamlins

19,907

28,276

24,552

24,245

113

Orange, Pineapple

21,032

24,856

30,576

25,488

767

All Varieties

241,512

323,941

297,297

287.917

Indian River 915 Acres Grove Vero Beach, Florida • Indian River County

915+/- Acres

For additional maps and details, go to:

www.SaundersRealEstate.com/IndianRiver 114 N. Tennessee Ave., 3rd Floor Lakeland, FL 33801 863.648.1528 - Main Office 18622 NW Hwy 441 High Springs, FL 32643 www.SaundersRealEstate.com

Jeff Cusson, CCIM 772.332.9070 • [email protected]

©2016 Coldwell Banker Commercial Saunders Real Estate, All rights Reserved, Worldwide. Every attempt is made to provide accurate information on this property, however, COLDWELL BANKER COMMERCIAL SAUNDERS REAL ESTATE (CBCSRE) does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records. ©2016 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates.

032116-A