Cushman & Wakefield’s National Industrial Advisory Group is pleased to present USA Today Regional Distribution Facility (the “Property”), an exceptionally well
located 181,720 square foot, uber infill industrial facility situated on 17+ acres in downtown Lakeland. The Property is 100% leased to USA Today, Inc.. (NYSE:TDAY), which has occupied the asset for more than 13 years and operates under an Absolute Net lease with 6.3 years of remaining Weighted Average Lease Term (“WALT”).
This location serves as a mission-critical regional printing facility for multiple national and local publications including the New York Times, USA Today, Wall Street Journal, Tampa Bay Times, The Ledger, The Palm Beach Post, Naples Daily News, Gainesville Sun, and Orlando Sentinel. Its central position within the state makes it ideally suited to support consolidated printing operations for many of Florida’s major news, print, and advertising organizations further increasing the likelihood of continued occupancy within the property.
Positioned at 300 W Lime Street, the Property offers unmatched proximity to Lakeland’s rapidly expanding downtown district. Its walkable location, surrounded by retail, dining, and entertainment, provides compelling mixed use or multifamily redevelopment potential. Under existing PUD zoning, the site supports 179 units per acre, allowing for up to 3,060 units. The Property is minutes from Interstate 4, Bartow Road, Polk Parkway, and other major arterials linking Lakeland to Tampa, Orlando, and key regional population centers, enabling access to nearly 7.9 million (“M”) people within 90 minutes.
Constructed in 1997 with durable tilt wall construction, the Property features clear height up to 60’. Dual loading areas on the south and west sides offering operational flexibility and creating a clear path to future multi tenanting.
The USA Today Regional Distribution Facility presents a rare, infill investment and redevelopment opportunity in a supply constrained urban environment. With limited comparable future offerings and a basis well below replacement cost, the Property stands as a compelling acquisition for investors seeking optionality, long term value creation, and strong real estate fundamentals.