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5345 - 5351 Great Oak Drive - Lakeland Regional Ind Pk, Lakeland, FL

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5345 - 5351 Great Oak Drive - Lakeland Regional Ind Pk

Lakeland, FL 33815-3113 - Polk County Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:1984
Stories:1 Typical Floor:12,000 SF Building Size:12,000 SF
% Leased:
For Sale Price:$925,000 Price/SF:$77.08
Cap Rate:7.00 %
Smallest Space:1,000 SF Largest Space:2,000 SF Total Space Avail:3,000 SF Rent/SF/Yr:
$9.90 - $12.00
Parking:Free Surface spaces are available; Ratio of 4.19/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,000 SF
$9.90/SF/Yr
Vacant
3 yrs
Office
 1st
1,000 SF
$12.00/SF/Yr
Vacant
3 yrs
Office
 
10035179
10211820
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,000 SF
$9.90/SF/Yr
Vacant
3 yrs
Office
1st
1,000 SF
$12.00/SF/Yr
Vacant
3 yrs
Office

Sale Notes:
Rent role has been anchored by two (2) long term national tenants.
The Western and Southern Life Insurance Company Lease Commencement date (1996) ; 20 years.
Kaman Industrial Technologies Corporation Lease Commencement date (2005) ; 11 years.

Average NOI (75% occupied): $67,225
Cap rate: 7%
Low cost maintenance construction: brick and concrete block.
Ground level/dock high loading (truck well)
Asphalt parking and paving resurfaced and striped in 2014.
2000 S.F. flex space (1500 OFC/500 WHS) presently available for lease.
1000 S.F. office presently available for lease.
5345 Great Oak Drive; Lakeland, Florida 33815
Fronting County Line Road
Lakeland: Central location translates to logistic commerce hub for Florida and entire southeast U.S.
9 million people within 100 mile radius. More than any other southeast U.S. city.
Located halfway between Tampa and Orlando. Interstate-4 is the primary 132 mi.east/west artery from Tampa (west) to Daytona Beach (east).
Building strategically located on County Line Road, at the entrance to Lakeland Regional Industrial Park, 1/4 mile from full I-4 interchange.
Three (3) miles south, County Line Road intersects with State Road 60 connecting Tampa/St. Petersburg to Vero Beach and Florida's south east coast.
Intensive development on County Line Rd. including distribution centers, gas/convenience, fast food and hotel.
Distribution Centers: Publix Super Markets, Save-a-Lot, O'Reilly Auto Parts, Square D, Florida's first and only Amazon Fulfillment Center, to name just a few. Rooms to Go Dist. C. is two (2) miles to the east.
Fast Food: McDonald's, Wendy's, Subway.
Gas: Shell, Marathon.
Hotel: Fairfield Inn and Suites

Great Oak of Lakeland LLC
John McKnight
(863) 688-5430


Great Oak of Lakeland LLC
John McKnight
(863) 688-5430



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