Aroostook County, Maine
Desert Mountain Land Holdings LLC, an affiliate of Celebration Florida based CBD Real Estate Investment, announced the acquisition of over 1000 acres in Aroostook County, Maine.
Desert Mountain Land, along with Nevada based Land Ho Inc., New Jersey based Aristotle LLC, and Scottsdale Arizona based Waronker Family Land Holdings, acquired title to 47 separate properties from County resident Gary Dernlan. Although no purchase price was announced, according to county records the assessed value of the real estate acquired was over $1.45 million. Amongst the assets acquired by Desert Mountain Land are vacant land and lots ranging in size from 7 acres to 224 acres, including homes, farm properties, and commercial building from multiple county towns including Limestone, Presque Isle, Madawaska, Washburn, Plantation, and Caribou. Part of the sale included the former House of Pizza Restaurant located on Maine Street in Madawaska as well as a large industrial building located at 103 Water Street in Caribou.
Desert Mountain Land and its partners acquired the County properties for both immediate and future resale. According to Desert Mountain Land President David Waronker, the company intends to acquire more county properties throughout the remainder of the year and into 2013.
CBD REAL ESTATE INVESTMENT LLC