The Casselberry Corporate Center is up for sale. The asking price on the 83,520-square-foot office building is $13.95 million. The Orlando Business Journal reports that investor Allen Chelminsky paid $8 million for the property four months ago and has spent over a million dollars on renovations. It’s at 1211 State Road 436 in Casselberry, just outside Orlando.

Built in 1986, the three-story building is 86% leased. Tenants include Avant Healthcare, expense management company RadiusPoint, Bankers Life insurance company, and Janney Roofing.

Casselberry had an 8.6% average office vacancy rate in the first quarter of 2024, according to Cushman & Wakefield, which is below the metro Orlando average vacancy rate of 15.7%. Office space in Casselberry had an average rent of $20.10 per square foot.

Chelminsky is a well-known North Miami property investor who has bought or sold numerous commercial real estate buildings in the past two decades.