Basis Industrial Acquires Industrial Assets From Taurus Investment Holdings For $27.2M In St. Petersburg

The property asset involved in the transaction is an industrial real estate located at 10901-11001 Roosevelt Boulevard & 1000 112th Circle North, St. Petersburg, FL. The transaction was executed for a total amount of $27,200,000, encompassing 206,275 square feet, resulting in a price per square foot of $131.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $27,200,000
• Square Footage: 206,275
• Address: 10901-11001 Roosevelt Boulevard & 1000 112th Circle North
• Market: St. Petersburg, FL
• Buyer: Basis Industrial
• Seller: Taurus Investment Holdings
• Brokers: Anthony Scavo - Basis Industrial & Jeff McFadden - Taurus Investment Holdings

Basis Industrial, based in Boca Raton, Florida, is a privately held and vertically integrated real estate owner and operator. This transaction represents their third closing with Beach Point Capital Management, which served as the lender for the transaction that also included multiple commercial assets in Texas and Florida, totaling 1,107,509 square feet.