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The three-year-old Central Medical Center near Osceola Regional Medical Center sold last week for $3.9 million to an Orlando investor.
The three-year-old Central Medical Center near Osceola Regional Medical Center sold last week for $3.9 million to an Orlando investor. (Marcus & Millichap)

The founder and CEO of a local tech company has paid $3.9 million through an affiliate for a 12,000-square-foot medical office complex near Osceola Regional Medical Center in Kissimmee.

Kaled Khuda founded OSD Displays (One Stop Displays) in 2003 and is now a leading manufacturer of custom LCD and touch panel displays.

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Central Medical Center at 1203 N. Central Ave. comprises three buildings that are fully leased, and range in size from 3,000 square feet to just over 5,000 square feet.

The medical offices outlined in blue are a block north of Osceola Regional Medical Center, outlined in red.
The medical offices outlined in blue are a block north of Osceola Regional Medical Center, outlined in red. (Osceola County Property Appraiser)

The tenants are DaVita Dialysis, Soleil Surgical and Cora Physical Therapy -- and all have long-term leases with multiple renewal options.

The complex was constructed by H.O.K., a partnership that included Charles Owen and luxury homebuilder Derrick Koger, who is active in Disney's exclusive Golden Oak and Four Seasons Private Residences communities.

Marcus & Millichap's Brian Capo represented buyer and seller in the transaction, and Fairwinds Credit Union backed the purchase with a $2.9 million loan.

Capo said the medical plaza fit perfectly with Khuda's search criteria.

"He was looking for something with national tenants, newer construction, and long leases," Capo said. "It's the nicest, newest thing over there, and there's really no available vacant land to build anything new."

Have a tip about Central Florida development? Contact me at lkinsler@GrowthSpotter.com or (407)420-6261, or tweet me at @LKinslerOGrowth. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.

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