ASVRF SPW Westlake Acquires 17.5 Acre Development Site In Westlake From Minto Communities For $8.7M

The sale of a development site in Westlake has taken place at 4821 & 4851 Seminole Pratt Whitney Road. The property spans across 17.5 acres and is located in the Westlake market. The transaction was completed on 05/12/2022. Michael Belmont captured an image of the property.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $8,700,000
• Address: 4821 & 4851 Seminole Pratt Whitney Road
• Market: Westlake
• Buyer: ASVRF SPW Westlake
• Seller: Minto Communities - Michael Belmont
• BSF (Building Square Footage): 227,000
• PPBSF (Price Per Building Square Foot): $38

Minto Communities, represented by Michael Belmont, sold the property to the buyer ASVRF SPW Westlake. The sale price for the development site was $8,700,000. The building square footage of the property is 227,000, resulting in a price per building square foot of $38.