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P.O. Box 0426-00499
Edificio Club de Leones, Vía Porras
David, Chiriqui, Rep. de Panama
+(507) 775-0253
+(507) 6981-5000
Great Investment opportunity! 588 acres massively cultivating Pineapples near David, Panamá
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ID: 1773 | Type: Farms, Premium Investments
Price (USD): $6,200,000
Total Area: 588 Acres |
Address: ChiriquÃ. 20 minutes from David, in Gualaca
Pets allowed: Yes | Furnished: No |
Description
The topography of the farm is flat with certain areas of slight undulation, the type of soil found on this property is clayey therefore it is ideal for growing pineapples.
The farm is divided into 2 areas that contribute to its maximum production. There are 588 acres owned by the business plus an additional 172 leased acres. The lease of the second area has a term of 10 years and this agreement can be renewable.
Adding a total of 761 acres dedicated to this business, The production area can be segmented into 420 acres fully dedicated to the cultivation of pineapples, 74 acres for seedbeds and the rest is for preparation.
Water sources are vital to this business. The main water source is the Chorcha River, it is used when needed as an excellent and constant irrigation resource. Also for workers and other uses there is also access to drinking water trough connection to the local aqueduct.
This business has a packaging plant, which has the capacity to produce 8,000 boxes per day. As a storage area, there are cold rooms with a capacity of 19,000 boxes, which is equivalent to twelve 40-feet containers. This entire packaging plant uses a three-phase electrical service.
The farm provides 2 annual harvests, the first yields up to 7,500 boxes per acre and its second harvest up to 4,500 boxes per acre. Thanks to an abundant production, this farm exports multiple containers with quality products every 3 days.
90% of sales go to places like the United States (40%), Europe (35%), Canada (10%) and others. While the remaining 10% of total production is sold to Panama.
Being a business with high profitability and excellent quality production, its work has been remunerated with great recognitions and production certifications, which have been granted by various associations such as the Rainforest Alliance, Global Gap, and additional LSQA certifications.
It is an excellent business opportunity for all investors who want to acquire something completely profitable, with excellent market results and functioning like clockwork.
If you wish to visit this property, text us on WhatsApp today at (507) 6983-8183 or send an email to wmfung@prestigepanamarealty.com.