Anthony Scavo Of Basis Industrial Expands Self-Storage In Surprise Arizona For $20.5 Million

The property asset involved in the transaction is a self-storage development located at 17140 West Waddell Road in Surprise, AZ. The property encompasses approximately 102,673 square feet and will feature 707 climate-controlled storage units. Basis Industrial has acquired land and closed a $20.5 million construction loan to support this development.

Summary of transaction details:

• Property Type: Self Storage
• Transaction Amount: $20.5 million
• Address: 17140 West Waddell Road
• Market: Surprise, AZ
• Buyer: Anthony Scavo - Basis Industrial
• Construction Financing Provider: NexBank and NexPoint
• Expected Construction Start: Later this year
• Anticipated Completion and Opening: Fall 2027

The deal involved key individuals including Anthony Scavo, who represents Basis Industrial, along with the team members Taylor Colbert, Christy Mazzola, Dan Weinstein, Jay Massirman, Adam Halem, Stephen Garchik, Zoe Daniel, and Chris Potash. This development marks Basis Industrial's first entry into the Arizona self-storage market.