Spring Lake Office/Medical Condominium Sells for a Combined $3,150,000.00
The Office/Medical plaza located at 1337, 1401, and 1405 Colonial Drive, Orlando, Florida 32804, sold last Monday, August 31, 2020, for a collective price of $3,150,000.00.
The properties are part of the Colonial Park office condominium established in 1982.
The 3 properties consist of a total of 19,919 square feet, resulting in a sale price of $158 per square foot. The improvements were constructed in 1984.
The seller, Sand Lake Tech Center, is a limited liability company domiciled in California. The seller acquired the property last September, 2018, for $2.6 million.
There are 2 separate, potentially unaffiliated buyers.
One buyer, 1405 Colonial Holdings LLC is a newly formed limited liability company affiliated with local resident Vladimir Korchagin. Mr. Korchagin is also associated with Touch of Health Medical Center. According to the Touch of Health Medical center website, the business operates from 1405 Colonial Drive, the subject properties acquired by that buyer. The converted purchase price for the 1401 and 1405 Colonial Drive property is $1,650,000.00.
The First Internet Bank of Indiana financed the purchase of the 1401 and 1405 Colonial Drive property.
1337 RN Holdings LLC acquired the property at 1337 Colonial Drive. The company identifies Rafael Nunez as its Authorized Member. The converted purchase price for that property is $1,500,000.00.
Chirag B. Kabrawala, Esq.