Prospect Real Estate Group Acquires Development Site In Kissimmee For $10.4M

The development site located at 806 W Oak St in Kissimmee has been sold for $10,400,000. Spanning a total area of 453,024 square feet, the property was acquired by Prospect Real Estate Group, represented by Navish Chawla, Richard G. Zahn Sr., Michele Zahn, and Willie Frias. The seller, Saxon Partners, was represented by David Calcanis from Colliers International. The transaction was completed on January 6, 2023.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,400,000
• Square Footage: 453,024
• Address: 806 W Oak St, Kissimmee
• Market: Kissimmee

Moushumi "Chinni" Ganguli from CityLights RE, Inc represented the buyer's side and played a key role in the successful completion of the deal. The buyer, Prospect Real Estate Group, demonstrated their confidence in the investment by acquiring this development site. Through their expertise and negotiaon skills, they secured a valuable asset in the Kissimmee market.