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Hold-Thyssen Completes Sale of Former Alarm Company Property on Maitland Avenue

ALTAMONTE SPRINGS --- Hold-Thyssen, Inc., a full-service commercial property firm in Winter Park, recently closed on the sale of an office property at 702 and 720 Maitland Ave. in Altamonte Springs. Two adjoining former homes built in 1967 totaling over 2,915 useable square feet on .43-acres was formerly the long-time site of an alarm installation and monitoring company, housing their offices and storage. Seller Hercules Management Corp. had the property on the market for several years before accepting a $340,000 purchase price from the investor-buyer who plans to operate the administrative offices of its business at the property. Hold-Thyssen’s Martin Forster CCIM listed the property and represented both the buyer and the seller as a transactional broker. The new business is expected to be in operation in approximately 60 days once roof replacement and renovations are completed.

Hold-Thyssen, Inc. provides commercial property brokerage, leasing, management and receivership services to institutional and private investor clients nationwide. The 40-year old firm’s current management portfolio includes more than 100 commercial properties throughout the United States.

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