On July 15, Basis Industrial broke ground on the 126,741-square-foot, state-of-the-art self-storage facility featuring 955 climate-controlled units, advanced security systems, and other amenities.
Managing Director Scott Wadler, Senior Director Matt Nihan and Associate Director Alec Fox of Berkadia South Florida secured the financing on behalf of the buyer.
Managing Directors Brett Moss and Matt Wilcox, Associate Director Tyler Swidler and Senior Managing Director Cole Whitaker of Berkadia Orlando marketed the property on behalf of Catalyst Development Partners and Six Pines Realty.
Managing Directors Brett Moss and Matt Wilcox and Associate Director Tyler Swidler of Berkadia Orlando marketed the property on behalf of the seller, Wood Partners, one of the nation’s largest multifamily real estate developers, based in Atlanta, Ga.
The 80-acre property is under contract.
The financing for the initial phase will encompass the construction of 700,000 rentable square feet of logistics warehouse space, as well as the infrastructure costs for up to 2 million rentable square feet.
The four properties are slated for completion in the fall of this year. CLICK ON THE HEADLINE FOR MORE
The sale price equates to $156,250 per unit. CLICK ON THE HEADLINE FOR MORE
Jay Ballard and Ken Delvillar of Cushman & Wakefield arranged the transaction on behalf of the seller. CLICK ON THE HEADLINE FOR MORE
The 300-unit multifamily asset is located at 10201 Lee Vista Boulevard. CLICK ON THE HEADLINE FOR MORE
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