Basis Industrial Acquires Winter Garden Industrial Property In $24.95M Deal

The industrial property located at 1218-1232 Winter Garden Vineland Road in Winter Garden, FL has been sold. The property spans 91,727 square feet and was purchased for a total of $24,950,000, resulting in a price per square foot of $272.

Summary of Transaction Details:

• Property Type: Industrial
• Sale Price: $24,950,000
• Square Footage: 91,727
• Price per Square Foot: $272
• Market: Winter Garden, FL

The buyer of the property is a partnership between Anthony Scavo and Dan Weinstein, represented by Basis Industrial. Basis Industrial is a privately held and vertically integrated real estate owner and operator based in Boca Raton, Florida. The seller of the property is Westminster Capital. The transaction was facilitated by broker Ronn Rogg from CBRE.

It is important to note that Basis Industrial closed on/purchased four commercial properties in Florida and Texas, as well as refinanced two of its current commercial properties in Florida on November 30, 2023. The total transaction value for all six properties in the portfolio amounts to $220 million.