Anthony Scavo Of Basis Industrial Acquires 42-Building Industrial Portfolio In Hialeah For $84.75M

A 42-building small bay industrial portfolio located in Hialeah, Florida, was sold for $84.75 million. The total square footage of the portfolio is 396,135, making the price per square foot approximately $213. The portfolio includes properties located at West 31st Place, West 32nd Place, West 33rd Place, West 8th Court, West 27th Street, West 28th Street, and 7395 West 18th Lane.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $84,750,000
• Buyer: Anthony Scavo - Basis Industrial
• Seller: TA Realty
• Buyer's Representative: Anthony Scavo - Basis Industrial
• Seller's Representative: Jose Lobón - CBRE
• Square Footage: 396,135
• Price Per Square Foot: $213

Anthony Scavo, the President and Managing Partner of Basis Industrial, led the acquisition, positioning the company as one of the largest landlords in Hialeah with this strategic purchase.