A historic landmark building in downtown Kissimmee sold last week to a Tampa pharmacist and investor for $3.15 million.
Kona Properties LLC purchased the Greenleaf Assisted Living Facility at 509 W. Verona Street, about a block from Courthouse Square. Built in 1919, the two-story building originally served as Kissimmee's first Hospital. Green Assisted Living Facilities, which also has ALFs in Orlando and Pompano Beach, purchased the Kissimmee property in 2013 for $1.4 million.
The Mediterranean revival building would be eligible for historic landmark status with the State of Florida next year, when it hits the century mark.
The building has been updated through the years, and the sellers recently completed a four-year renovation of the interior and exterior of the property. It is licensed for 75 beds by the Agency for Health Care Administration and is also a VA Preferred facility.
Kona principal Chirag Amin, a licensed pharmacist, owns a pair of assisted living and independent senior living facilities in Pinellas County under the affiliate Kona ALF LLC.
Kona sourced a $2.85 million loan from Bank Leumi.