Bailey Investment Holdings buys Wimauma borrow pit

BUYER: Razorback Ranch LLC (principal: Ron Bailey), Tampa
SELLER: Tampa Groves LLC
PROPERTY: 16410 Balm Wimauma Road, Wimauma
PRICE: $3.1 million
PREVIOUS PRICE: $6.78 million, March 2005
TITLE FIRM ON DEED: South Bay Title Insurance Agency Inc., Ruskin

PLANS, DESCRIPTION: Bailey Investment Holdings LLC, a family investment group led by Tampa businessman Ron Bailey, purchased a 453-acre borrow pit in Wimauma for $3.1 million.

The price equated to $6,843 per acre.