Industrial•Warehouse/Distribution•For Sale

Century Blvd Industrial Park

3705 Century Blvd , Lakeland, Florida 33811

Sale Price $8,600,000
Sale Type Investment
Zoning I-2
Bldg Type Multi-Tenant
Status Build to suit
Vacancy 98%
Gross Bldg 124,500 SqFt
Land Area 9.54 Acres
Ceiling Height 18.0 Ft
Improvements The property consists of 9 buildings on 7 parcels on Century Blvd.
This property is a multi-tenant industrial investment property located in one of the fastest growing industrial markets in the country. With more than 20,000,000 people within a 5 hour drive-time, West Lakeland is proven to be a dominant, rapidly growing market for industrial users. This property consists of approximately 124,500 SF of well-maintained steel warehousing and is currently 98% occupied. This is a strong, cash flowing investment that provides the buyer with additional upside by converting the leases to NNN and/or raising base rent. Located in one of the fastest growing industrial markets in the county - West Lakeland. This property is just south of the I-4 Corridor, and just north of the Lakeland Linder International Airport. The location provides easy access to excellent road systems such as I-4, the Polk Parkway, SR 60, and more.
  • 124,500 SF of Multi-Tenant Warehouse Space
  • 98% Occupied with below-market rents
  • More than 20 million people within a 5-hour drive time
  • 8.83% Proforma Cap Rate
3/5/2020 6:44:52 PM 3/5/2020 8:40:53 PM
Augie Schmidt
Sales Associate and Research Analyst
SVN Saunders Ralston Dantzler Real Estate
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