Basis Industrial Acquires Development Site In Melbourne, FL For $1.5M

The development site located at 2480 Aurora Rd in Space Coast, Melbourne, FL has been sold in a recent transaction. The property, measuring 128,502 square feet, was acquired by Basis Industrial, represented by Daniel Weinstein & Anthony Scavo. The seller of the site was Fred Boozer Jr. The sale price for the transaction amounted to $1,500,000, resulting in a price per buildable square foot (PPBSF) of $12.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $1,500,000
• Address: 2480 Aurora Rd, Space Coast, Melbourne, FL
• Buyer: Basis Industrial - Daniel Weinstein & Anthony Scavo
• Seller: Fred Boozer Jr.
• Broker: Ken Hobson - Marcus & Millichap

Basis Industrial, the buyer, has plans to develop a 3-story Class A Self-Storage facility on the acquired development site. The total development costs for this project are expected to be $18,000,000.