Basis Industrial Acquires Industrial Property In Armonk For $30M

The industrial property located at 100 Business Park Drive in Armonk was recently sold in a closed transaction. The property consists of a total of 200,000 square feet and was sold for a price of $30,000,000, resulting in a price per square foot of $150. The sale included an existing warehouse measuring over 60,000 square feet, as well as an additional 140,000 square feet of future buildable space.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $30,000,000
• Address: 100 Business Park Drive, Armonk
• Market: Armonk

The buyer, Basis Industrial, was represented by Dan Weinstein and Anthony Scavo, while the seller, A & R Real Estate, was represented by Anthony Casola and Robert Troccoli. The deal was facilitated by The Rao Brothers - Michael Rao and Frank Rao - from New York Commercial Realty Group.