NAI Realvest Closes Two Boutique Office Building Sales Totaling $770,000 in Downtown Orlando’s North Quarter Urban District
ORLANDO, Fla. – NAI Realvest closed on two separate sales of adjacent properties totaling $770,000. The buildings are located in the North Quarter district of downtown Orlando and both will be used for law offices.
The NAI Realvest team of Jeff Tanner and Kim Manson represented Seller, Orlando-based Jcash-3 Inc., a real estate holding company, in a $450,000 sale of the 1,635 square foot stand-alone office building at 827 Irma Ave. The Buyer, US Immigration Law Group, LLC, d/b/a Rineer Law with over a decade of immigration law experience, was represented in the transaction by Jonathan Hughes and Michael Danforth of Cresa Orlando.
Next door, Tanner and Manson represented the Beech Mountain, N.C.-based seller 831 Irma Avenue, LLC, and the buyer Law Office of Michael J. MacDonald P.A., operating as MacDonald Law at the 1,272 square foot freestanding office building purchased for $320,000.
Both law practices were previously leasing space in downtown Orlando. As lease rates in the downtown office sector continue to rise, NAI Realvest has been seeing an increase in the need for office building sales inventory, particularly in the up and coming North Quarter. The area offers walkability to SunRail, an array of top-notch restaurants, new contemporary townhomes, arts and culture.