$5,510,000 USD
574-270-0361
4407 US Highway 92 E
Lakeland, FL 33801
City of Lakeland
HIGHLIGHTS
- 100% Occupied Multi-Tenant Industrial Asset with NNN leases – The property is fully leased to four complementary automotive and industrial tenants
- Strong In-Place Cash Flow with 6.75-Year WALT – The asset features a weighted average lease term of approximately 6.75 years
- Below-Market In-Place Rents Create Significant Upside – Average rents of just $7.32/SF are well below replacement cost
- NNN Lease Structure – Tenants reimburse operating expenses, helping provide stable and predictable cash flow for ownership.
- Attractive Basis at Approximately $109/SF – The offering presents an opportunity to acquire a functional 50,467 SF industrial asset
- Growing Tenant – Classic Collision (67.27% of GLA) – The property is anchored by Classic Collision
FOR SALE DETAILS
PRICE
$5,510,000 USD
PRICE/SF
$109 USD /SF
CAP RATE
6.7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Classic Collision Center
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1962
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
14
LAND DETAILS
LAND ACRES
4.47
LAND SF
194,713
ZONING
GI
APN/PARCEL ID
24-28-13-000000-041110
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
574-270-0361
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
574-270-0361
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
