Another Office Condominium Sale - 23K+ Square Foot Facility Sells for $2,933,154.00
Nesha Holdings LLC, which developed the Orlando Commerce Center office/warehouse condominium in 2018, just sold its interest in "Building 200," at the Elite Business Park, consisting of 8 suites, to River Plate LLC.
The property is located at 6828 Hoffner Avenue, Orlando, Florida 32822; less than 3 miles from Orlando International Airport.
According to sales and marketing materials discovered by the author, the building includes 24' ceilings, tilt-wall construction, 3 phase 200 amp power, and is pre-fit with fire sprinklers.
The Buyer, River Plate LLC, owns other office/warehouse properties in the area, including 2 units located at 7500 TPC Boulevard, and one unit located at 6457 Hazeltine National Drive.
GTE Federal Credit Union financed a portion of the acquisition, loaning $2,940,787.50 to the Buyer according to the Mortgage and Financing Statement recorded following the sale.
According to the Notice of Commencement filed after the sale, the Buyer engaged Grayman Construction Management Service LLC to undertake buildout/construction services at the newly acquired property.
If you have any questions about this property, or any other, please do not hesitate to contact me:
Chirag B. Kabrawala, Esq.
Kabrawala Law Group PLLC