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David M. Solomon Of Goldman Sachs Acquires Industrial Asset In Groveland From Bob Scannell For $97.25M

Property Image
SOLD
$97,250,000

Florida

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Industrial990,670 SF
Sold 06/18/2025
the dealdetailscomps
Property Image
SOLD

David M. Solomon Of Goldman Sachs Acquires Industrial Asset In Groveland From Bob Scannell For $97.25M

19800 South O'brien Road

See Similar Deals
Industrial990,670 SF
Sold 06/18/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$98
Total Square Footage:990,670 SF
Transaction Type:Sale

An industrial asset located at 19800 South O'brien Road in Groveland, encompassing 89 acres. This property features a Wesco Distribution center built in 2023, measuring 990,670 square feet. The transaction was completed at a price of $97,250,000, reflecting a price per square foot of $98.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $97,250,000
  • Buyer: David M. Solomon - Goldman Sachs
  • Seller: Bob Scannell - Scannell Properties
  • Market: Groveland
  • Acres: 89
  • Square Feet: 990,670
  • Price Per Square Foot: $98

In this transaction, David M. Solomon represented Goldman Sachs as the buyer, while Bob Scannell represented Scannell Properties as the seller. This sale reflects the ongoing investor interest in stabilized industrial assets within the market, despite the challenges posed by rising vacancy rates.

Players

Goldman Sachs
Goldman Sachs
BUYER
Scannell Properties
Scannell Properties
SELLER

Details

SOLD
IMAGE: David M. Solomon & Bob Scannell DATE: 06/18/2025 ADDRESS: 19800 South O'brien Road MARKET: Groveland ASSET TYPE: Industrial ~ ACRES: 89 BUYER: David M. Solomon - Goldman Sachs (@GoldmanSachs) SELLER: Bob Scannell - Scannell Properties SALE PRICE: $97,250,000 SF: 990,670 ~ PPSF: $98 NOTE: Scannell Properties sold a 990,670-square-foot Wesco Distribution center in Groveland for $97.25M to a Dallas-based entity tied to Goldman Sachs. Built in 2023 on 89 acres, the property sits near Ford Commerce Park and Groveland Square, with the sale reflecting growing investor interest in stabilized industrial assets despite rising vacancy rates.

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