Pamlico County, North Carolina Farm Sold for $25.7 Million

4,528 acres of Pamlico County, NC farmland acquired by Promised Land Opportunity Zone Farms I, LLC. Source: Murray Wise Associates LLC/PRnewswire
4,528 acres of Pamlico County, NC farmland acquired by Promised Land Opportunity Zone Farms I, LLC. Source: Murray Wise Associates LLC/PRnewswire

Murray Wise Associates LLC, Kander LLC, and National Land Realty acted as broker and transactional advisors in connection with the sale of a 4,528 acre farm located in Pamlico County, North Carolina to Promised Land Opportunity Zone Farms I, LLC for $25.7 million after an extensive national sale marketing process.  The property is widely recognized as a high quality farm known for producing chipping potatoes in a desirable seasonal window.  The farm will be managed by Farmland Partners Inc.

According to Eric Sarff, President of Murray Wise Associates, “MWA, Kander and NLR each has tremendous experience representing buyers and sellers of agricultural property, but also have a strong track record of collaborating on large projects like the sale of this farm.  The team on this assignment leveraged our firms’ unique capabilities  as well as deep relationships with both the buyer and seller and produced an outstanding transaction result.”

“It is unique to find such a high quality specialty produce farm of this size anywhere in the USA today,” said Ken Nofziger of Kander. “Demand and values for farmland across different varieties and geographies have been increasing throughout the last couple of years and this sale just reinforces the strength of the current market.”

Ben Crosby of National Land Realty Florida added,  “Collectively, we are very pleased to assist two long-time clients complete a transaction on this excellent asset. Our team takes pride in delivering these opportunities, even in tight markets. We look forward to doing more business together with all parties in the future.”

 

Source: Murray Wise Associates LLC

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