Walmart Acquires 24-Acre Development Site In Westlake From Minto Communities USA For $11.68M

The property involved in this transaction is a development site located at 5253 Seminole Pratt Whitney Road, Westlake, FL. The sale price of the property was $11,680,000, encompassing an area of 24 acres. The development site will accommodate a superstore with a total built square footage of 188,779, resulting in a price per square foot of $62.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $11,680,000
• Buyer: John Furner - Walmart
• Seller: Michael Waters - Minto Communities USA
• Site Area: 24 acres
• Built Square Footage: 188,779
• Price per Square Foot: $62

The transaction includes Walmart's strategic acquisition aimed at expanding their operations within a growing master-planned community. Minto Communities USA continues to develop nearby residential and commercial projects, which are approved for 6,000 homes and a total of 2.2 million square feet of commercial space.