Turf company Bethel Farms buys 300 acres of cattle land

BUYER: Bethel Farms LLLP (principals: Kimberly and William Nugent), Arcadia
SELLER: 5200 Ranch LLC
PROPERTY: 50 Ryals Ranch Road
PRICE: $1.13 million
PREVIOUS PRICE: $31.09 million, May 2005
LAW FIRM ON DEED: Henderson Franklin Starnes & Holt PA, Fort Myers

PLANS, DESCRIPTION: Arcadia-based Bethel Farms purchased 307 acres of grazing and wilderness land on Ryals Ranch and Knotts Berry roads for $1.13 million. The purchase price equated to $3,659 per acre.

Bethel Farms, which grows turf grass for sale directly to the public and for company such as Walt Disney, plans to use the property to expand its business into grasses and turf for golf and other sports uses.