Stable Long Term Investment – The current owner/user will enter into a long-term lease upon closing, ensuring immediate cash flow for investors. The proposed 5-year leaseback will provide in-place rental income at fair market value, offering stability and a reliable return on investment.
New Construction and Renovations – The current ownership has diligently maintained the quality of the warehouses. The east warehouse received a full roof replacement 10 years ago, ensuring its longevity, while the west warehouse is a newly constructed facility, built in 2022, offering modern infrastructure and efficiency.
Excess Land – This site features a low coverage ratio of just 15.81%, offering ample space for outdoor storage. In recent years, industrial outdoor storage has become a highly desirable asset among a wide range of tenants.
Unique Building Layout – The site features two strategically positioned buildings along the parcel’s borders, maximizing usable space for outdoor storage and operations. This efficient layout enhances warehouse functionality by providing seamless access for loading, unloading, and logistical movement.
Strong Submarket Fundamentals – The Lakeland Industrial submarket has seen a 5.2% YOY industrial rent growth. There is a shortage of new warehouse construction under 100k SF, particularly for properties similar to this site.
Strategic Location – This property is centrally located in Polk County, offering prime accessibility. Situated just off FL-37 (38,500 AADT), it provides direct access to key state roads throughout the submarket, ensuring seamless connectivity for transportation and logistics.