Anthony Scavo Acquires Industrial Development In Miami For $37 Million From Gardo Gomez

The asset involved in this transaction is an industrial property located at 4300 Southwest 75th Avenue, Miami, FL. The sale concluded at a price of $37,000,000 for a total area of 142,317 square feet, with a price per square foot of $259.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $37,000,000
• Buyer: Anthony Scavo
• Seller: Gardo Gomez
• Buyer's Attorney: Christy Mazzola – Fried Frank
• Seller's Attorney: K. Lawrence Gragg
• Lender: Taylor Colbert - NexPoint & Mike Medelow - NexBank
• Square Footage: 142,317
• Price per Square Foot: $259

Basis Industrial, led by Anthony Scavo, is acquiring the property with plans for a new self-storage development that will feature approximately 1,100 climate-controlled storage units, enhancing their footprint in the South Florida market.