UPDATED June 3, 2018 Price reduced to $6.9 million, for 415 acres/168 hectares. All property is titled and together comes to $4.10 m2 or $41,071 per HECTARE OR 38 cents sq.ft or $16,628 acre.
PLEASE NOTE: The shrimp in the ponds as well as all supplies, feed, materials, and all costs associated with the shrimp in the ponds, larva, diesel, labor, materials, liming, disking, etc. at the time of sale are not included in the sale price, but will be valued separately at the time of sale, and are an additional cost to the Buyer.
I recently visited this beautiful shrimp farm to check out a shrimp harvest and to see the new African palm areas. Truly amazing is that the price of $6.9 million is now based on "real production" harvests while the land is still priced at below market value.
Since the titled mangrove is included, the other 291 acres/117 hectare of the farm itself comes to an amazingly low $.55 sq.ft, or $5.98 m2 ($59,874 per hectare). The 23 ponds have cover about 84 hectares in total, and range in size from 2-5 hectares each. Thus the highly productive shrimp business, the increasingly profitable palm business, the value of the land this close to the beach, plus the farming equipment is ALL included, at the price of $6.9 million.
Improvements were made in September, 2014, by aerating 4 ponds, 14 hectares in total, to double their production capacity with another two ponds ready to receive aerators, which would make a total of 20 hectares holding 23 ponds Note that Shrimp prices have doubled in the last 24 months due to severe disease problems in Asia, which has shut down Mexican shrimp production for the most part, all the while international shrimp consumption continues to increase.
This operating Costa Rican shrimp farm, located in Puntarenas, Costa Rica, is for sale only due to retirement desires of the owners. They have continuously improved the operation, and their management and employees have been exceptional. The farm has been in continuous shrimp production since 1999 and currently sells to various buyers who export to Europe, with sales also to the Costa Rican market. It has produced intensively in the past with excellent production numbers, and currently is producing at a reduced but respectable rate.
Included in the sale is a galerón, large shed, with bodegas for feed and tools, an office, an electric substation, 3 transformers, 8 aerators in 4 ponds, 14 ha. total, to increase production, and an acclimatization tank 3 meters wide, 1.5 meters deep, and 15 meters in length. 5 km of graveled roads circumnavigate the farm with other roads within to service the 23 ponds. The four ponds with aerators are usually seeded at 30 larva per meter which doubles production. Current production numbers will be provided as the negotiations continue. There is a constant cycle of seeding, feeding, harvesting, and eating of these delicious shrimp.
The farm has an excellent relationship with the nearby Municipality, and all governmental permits are active. The area of mangrove will remain mangrove due to the environmental laws for which the country is famous. The mangrove forest serves as filtration for water exiting ponds, a natural barrier, and home for many indigenous species of animals such as raccoons, monkeys, birds of all kinds, the occasional panther, as well as a variety of aquatic species of flora besides mangrove.
A potential buyer will be aware of property values in the area and profit capability of the business. Profit depends on management, procurement of the best larvae, seeding density, aeration, and marketing the production. The farm has been in semi and intensive production since it began operation producing up to 200 MT per cycle intensively. With more aeration higher production occurs, with great insight provided to the qualified Buyer. Since this is an area where the sun shines, solar panels can easily reduce the electric bill which will also increase the ROI.
This is a great investment because:
1. The entire 100% fee simple titled property is only 300 yards from a beautiful beach; 20 minutes to Manuel Antonio and Quepos Airport and 30 minutes from Jaco. The farm is 2 hours from the Int'l airport in San Jose.
2. For shipping ports, the Pacific coast offers Puntarenas-Caldera an hour and a half away. All infrastructure is in place, which will include a paved road from the costanera highway to the entrance.
3. The appraised value of the total farm of 168 hectares (415 acres) is based only on the appraised value of the land without including the infrastructure value which has substantial value and whose value for dirt movement, electricity, structures, inlet and outlet gates, pumping station and motors is approximately $12 million currently.
4. The farm has been in constant shrimp production disease free since 1999. Conversion to organic shrimp for sale to the EU and U.S can easily be accomplished if desired. Tilapia production is also possible, and wild tilapia that entered into the ponds as eggs from the estuary system have been harvested on occasion.
5. The business and properties are debt free and fully permitted by all departments of the Costa Rican government.
6. In 2013, 15 hectares (37 acres) of African palm were planted on the levees and other areas that do not interfere with shrimp farming. Production in 2016 began of palm fruit and is already contracted for sale to Palma Tica, Damas.
7. The farm has other possible uses due to its proximity to the Pacific, a marina and dock on the river Parrita with access to the ocean directly from the farm, or from a dock on the other side of the farm to the ocean via the estuary system is also a possibility.
This property is productive and profitable and has multiple use possibilities. From the possibility of harvesting algae and spirulina to making a tourist attraction with a live shrimp farm operation, lots of options and more info is available to the qualified prospective buyer......
Contact Jeff toll free from the U.S./Canada: at 888-782-1119; or 818-292-8725 or in Costa Rica, 2643-4334