Basis Industrial Acquires Industrial Portfolio In Space Coast For $35M

7715 Ellis Road, Melbourne, Florida 32904, United States

$35,000,000

$125,000/SF

Building Size

280 SF

Asset Type

Industrial

Closing

Nov 21, 2022

AI

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