PropertyJun 25, 2026, 04:07 PM
Alico Leases 3,280 Acres to U.S. Sugar with $29.5M Purchase Option
AI Summary
Alico, Inc. has entered into an Agricultural Lease Agreement with United States Sugar Corporation for approximately 3,280 acres of real property in Hendry County, Florida. The initial lease term is from July 1, 2026, to June 30, 2027, with an option for U.S. Sugar to extend for an additional ten years. The agreement also grants U.S. Sugar an option to purchase the leased premises for $29,520,000, based on $9,000 per acre, if exercised by June 30, 2029.
Key Highlights
- Alico leased approximately 3,280 acres of real property in Hendry County, Florida.
- Initial lease term runs from July 1, 2026, to June 30, 2027.
- U.S. Sugar has an option to extend the lease for an additional ten-year term.
- The agreement includes an option for U.S. Sugar to purchase the leased premises.
- Purchase option price is $29,520,000, based on $9,000 per acre.
- The purchase option can be exercised on or before June 30, 2029.
- Option period extends through June 30, 2031, if the lease is extended.
Price Impact
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