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2000 E Edgewood Drive, Lakeland, FL

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DetailMap
2000 E Edgewood Drive

Lakeland, FL 33803 - Polk County Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1983
Stories:2 Typical Floor:12,376 SF Building Size:24,752 SF
% Leased:
For Sale Price:$2,300,000 Price/SF:$92.92
Cap Rate:8.00 %
Smallest Space:1,190 SF Largest Space:1,190 SF Total Space Avail:1,190 SF Rent/SF/Yr:
$15.00
Parking:Free Surface spaces are available; Ratio of 1.62/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
1,190 SF
$15.00/SF/Yr
Vacant
Negotiable
Office
 
11167445
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
1,190 SF
$15.00/SF/Yr
Vacant
Negotiable
Office

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.

Baron Realty
Cory Petcoff
(863) 607-4100 x224


Lorio & Associates, Inc.
Joseph Lorio
(863) 680-1628 x50



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