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2000 E Edgewood Drive - AMEC Foster Wheeler Building, Lakeland, FL

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2000 E Edgewood Drive - AMEC Foster Wheeler Building

Lakeland, FL 33803 - Polk County Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1989
Stories:2 Typical Floor:12,376 SF Building Size:24,752 SF
For Sale Price:$2,300,000 Price/SF:$92.92
Cap Rate:8.00 %
Parking:Free Surface spaces are available; Ratio of 1.62/1,000 SF

Sale Notes:
This lake front office building offers stable tenants and beautiful views. The property is currently stabilized at 100% occupancy, but still offers upside potential with aggressive rent increases built into the in-place leases. By 2020, the net operating income is estimated to have grown from $184,661 to more than $230,000 generating a 10% yield on the offered purchase price.

Located with convenient access to US Highway 98 and the Polk Parkway (State Road 570), this property offers quick access from all areas of central Florida.

Baron Realty
Cory Petcoff
(863) 607-4100 x224

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