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US: Limoneira to sell Santa Maria properties

Limoneira Co., an agribusiness with prime agricultural land and operations, real estate and water rights in California and Arizona, has agreed to sell its Sevilla and Pacific Crest properties located in Santa Maria, California.

Both properties are being sold to the same buyer and the combined purchase price of the two properties is $8.3 million.Following the execution of the purchase and sale deals, the buyer would deposit $250,000 into escrow and issue a note receivable for each property leaving a combined amount due of $7.8 million.

The company continues to own its Centennial property in Santa Maria.

Source: rttnews.com
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