MAITLAND, Fla. – NAI Realvest negotiated the $4,185,600 sale price for Cypress Lake V, an 83,712 square foot warehouse and distribution facility at 1611 Cypress Lake Drive in south Orlando off Orange Blossom Trail and the Florida Turnpike.
Michael Heidrich and Christie Alexander, principals at NAI Realvest and Chairman George Livingston negotiated the transaction, and the Realvest team including associates Drew Saphos, CCIM and Paul Vera represented the seller.
The Class A industrial building was awarded NAIOP’s Industrial Development of the Year Award in 2009.
Heidrich and NAI Realvest handled the leasing and management of the facility and Livingston and Alexander originally brokered the sale of the five-acre site to develop the project.
The buyer, FAAST Leasing of Florida, LLC was represented in the transaction by Nick Sands of Pizzuti.
About NAI Realvest
NAI Realvest, with offices covering all of Central Florida, 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 350 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.
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