A pair of Orlando veterinarians have purchased a 15,000-square-foot Class B office building on Kissimmee's E192 tech corridor and plan to open a new clinic there.
SGB Properties LLC, which is composed of DVMs Anuradha Nallapaneni and Yugendar R. Bommineni, paid $900,000 in late October for the two-story office building at 2200 E. Irlo Bronson Memorial Hwy -- two blocks from the Florida Turnpike interchange. The deed was filed with Osceola County on Nov. 30.
Nallapaneni told GrowthSpotter on Thursday the duo plans to open a Caring Hands Animal Hospital in the building. They sourced a $1 million construction mortgage from Wells Fargo to cover the cost of the acquisition and interior renovations.
St. Cloud-based contractor Paul Forbes filed a notice of commencement this week with the county for the interior renovations.
The 34-year-old building sits on 1 acre and has 50 parking spaces. It's located next to the Osceola County School's Zenith Career Center and lies within the E192 CRA district's Tech Transitional Zone, meaning it falls under the county's new strict redevelopment guidelines.
Real Estate broker Aamir Khan bought the building in 2015 for $790,000. He told GrowthSpotter he specializes in the sale of medical clinics and animal hospitals.
"This is my third deal so far," he said. "This is a good location for an animal hospital. It's a growing area because of the UCF Smart Tech center."
The Florida Advanced Manufacturing Research Center, set to open in 2017, is drawing millions in new investment along the E192 corridor. For more details about the project, see our FAMRC project page.