NAI Realvest negotiates $3.05 Million acquisition of 14-Acre Maguire Rd. site in Ocoee – Development of 242-unit apartment community underway, with retail outparcel

MAITLAND, Fla. – NAI Realvest recently closed the $3,049,391 sale of a 14-acre bank-owned property at 1650 Maguire Rd near the Florida Turnpike in Ocoee. NAI Realvest principals, Matt Cichocki and Kevin O’Connor, along with senior associate Jack W. Lynch, negotiated the transaction representing the buyer, Skorman Development Corp. The seller was Miami-based PNP Parabis VPG Lake Butler, LLC. Buyer has received approval for the development of a 242-unit garden-style apartment community with a two-acre commercial outparcel on the property. Permitting of the apartments is already underway and delivery is expected in approximately 18 months.