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Off Market
1/3

2520 US Highway 98
Lakeland, FL 33805


HIGHLIGHTS

  • Ferguson has 5 years remaining on the lease after executing an early 5-year renewal.
  • located less than a mile from the I-4 (+/- 70,000 VPD), which is the main highway connecting Tampa and Orlando, FL.
  • The 6,200 sq. ft. building sits on a large 1.36 acre (59,346 sq. ft.). This very low 10% coverage ratio allows for abundant space for outside storage.

OVERVIEW

Committed Tenant – Ferguson has been operating out of this location for over 15 years. This facility has been a successful plumbing supply location for over 30 years as Ferguson purchased the local operator’s business in 2006. Ferguson has 5 years remaining on the lease after executing an early 5-year renewal. Strategic Location – This facility has frontage on US Hwy 98N (+/- 40,000 VPD) Orlando/Tampa – The Lakeland metro is strategically located between Orlando and Tampa, as well as in the center of the Florida peninsula. This positioning makes it well-suited for a regional distribution hub. New TPO Roof – This 6,200 sq. ft. concrete block and metal facility includes 2,518 sq. ft. of warehouse space and a 3,682 sq. ft. air-conditioned show room. A new TPO roof was put on in 2018 with a 15-year warranty. The building features one (1) front dock-high door and one (1) loading dock on the back of the building Active Market –Ferguson is located 2 miles from downtown Lakeland with very active neighboring tenants such as USPS, McDonald’s, Dunkin’ Donuts, Home Depot, Popeyes, AutoZone, U-Haul, Denny’s, Burger King, Waffle House, several hotels, and much more. Strong Tenant – Ferguson Enterprises is the largest U.S distributor of plumbing supplies, PVF, waterworks and fire and fabrication products; Third largest distributor of industrial and HVAC/R products. In the past 65 years, Ferguson has grown to a +/- 17 Billion-dollar Revenue company with more than 1,400 locations and over 27,000 associates nationwide.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Showroom

TOTAL BUILDING SIZE

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STORIES

1

YEAR BUILT

1987

UTILITIES

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CLEAR CEILING HT

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DOCKS

2

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

23-28-01-000000-021070