Updated Jun 25, 2025
David M. Solomon Of Goldman Sachs Acquires Industrial Asset In Groveland From Bob Scannell For $97.25M
19800 South O'brien Road
$97,250,000
$98/SF
Building Size
990,670 SF
Asset Type
Industrial
Closing
Jun 18, 2025
About this deal
AI
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.
On the Map
$97,250,000
$98/SF
Industrial
View full map
Players
Groveland Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Bob Scannell to view all their deals.
Browse Groveland industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93