MAITLAND, Fla. – NAI Realvest recently negotiated the sale of a 5.147-acre industrial site in Cypress Park at 1611 Cypress Lake Drive in southeast Orlando for $1.35 million.

 

George Livingston, chairman of the firm, and Christie Alexander, a principal at NAI Realvest negotiated the transaction.

 

Cypress Lake Properties, LLC of Columbus, Ohio is the buyer.  Chicago based CalEast Industries Investors LLC was the seller.

 

Livingston said the buyer plans to develop an 83,000± square foot distribution warehouse building on the site.

 

Michael Heidrich, a principal at NAI Realvest, will serve as principal leasing representative for the facility. NAI Realvest will also handle property management.

 

For more information, please contact:
George Livingston, Chairman, NAI Realvest 407-875-9989 glivingston@realvest.com
Janice Paiano, Director of  Marketing, NAI Realvest 407-875-9989 jpaiano@realvest.com
Christie Alexander, Principal, NAI Realvest 407-875-9989 calexander@realvest.com 
Larry Vershel or Beth Payan, Larry Vershel Communications Inc., 407-644-4142

 

About NAI Realvest
NAI Realvest, with offices in Orlando, Daytona Beach, Lake Wales and Clermont, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide through NAI Global, an international commercial real estate network with over 375 offices spanning the globe.  Since 1978, clients have built their businesses on the power of NAI Global’s expanding network.  Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.