Basis Industrial Acquires Industrial Portfolio In Space Coast For $35M
SOLD
$35,000,000
Florida
See Similar DealsIndustrial280 SF
Sold 11/21/2022
SOLD
Basis Industrial Acquires Industrial Portfolio In Space Coast For $35M
7715 Ellis Road, Melbourne, Florida 32904, United States
See Similar DealsIndustrial280 SF
Sold 11/21/2022
Summary
FLORIDA
Asset Type:Industrial
Price Per Square Foot:$125,000
Total Square Footage:280 SF
Transaction Type:Sale
An industrial property located at 7715 Ellis Road, 2624 Aurora Road, 2885 & 2861 Electronics Drive, 709 Silver Palm, 641 Clearlake Road & 463 Forrest Ave in the Space Coast, Melbourne & Cocoa market has been sold for a price of $35,000,000. The property measures approximately 280,000 square feet and has an average price per square foot of $125.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Address: 7715 Ellis Road, 2624 Aurora Road, 2885 & 2861 Electronics Drive, 709 Silver Palm, 641 Clearlake Road & 463 Forrest Ave
- Market: Space Coast, Melbourne & Cocoa
The buyer of the property is Basis Industrial represented by Anthony Scavo, while the sellers are Fred Boozer Jr., James Boozer, and Wade Stafford. The transaction was facilitated by Ken Hobson from Marcus & Millichap.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
Is there something missing? Send suggestions