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24330725
24341178

3714 DMG Dr, Lakeland, FL 33811 For Sale

DH
FL FL 3281084
Saunders Real Estate
JH
FL SL 3618062
Saunders Real Estate
Listed by Saunders Real Estate
$2,400,000
387 days on market
Updated 29 days ago

DMG Drive Investment

Details
APN 232833138101000030, 232833138101000021
Property Type Office, Industrial
Sub Type Traditional Office, Flex (+1)
Square Footage 20,250
Net Rentable (SqFt) 20,250
Units 5
Cap Rate 6.31%
NOI $151,466
Occupancy 96.3%
Tenancy Multi
Pro-Forma Cap Rate 7.72%
Pro-Forma NOI $185,250
Price per SqFt $119
Year Built 1984
Buildings 2
Acreage 2.760
Zoning PUD-5653 (I-2)
Investment Type Value Add
Loading Docks 4
Dock High Doors 3

Office | 6.31% CAP | 20,250 SqFt

Marketing description

Value-add investment or owner-user opportunity in Lakeland, Florida's thriving economic landscape! This versatile two-building property includes a 7,000 ± SF warehouse and a 13,250 ± SF office building, offering immediate income potential from existing short-term leases. Some areas of the property are not currently leased. This presents a unique chance for investors to significantly enhance returns or for an owner-user to secure occupancy relatively quickly, within one of Lakeland's most desirable industrial trade areas, virtually right across the street from the Lakeland Linder International Airport.

The buildings share one electric meter, with 3-phase power and 600 total amps. The office spaces offer Class-B finishes, with typical amenities. The warehouse is mostly dock-high, with a small portion at ground level, and it includes a large covered storage area where the Landlord is not currently collecting rent

Listing Contacts

DH
FL FL 3281084
Saunders Real Estate
JH
FL SL 3618062
Saunders Real Estate
Listed by Saunders Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,466.00
$12,622.17/mo

Valuation Metrics

0
DSCR
6.31%
Cap Rate
6.31%
ROI

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Additional Information

Name
David Hungerford
License
FL 3281084
Brokerage Phone
863-648-1528
Name
Joey Hungerford
License
SL 3618062
Brokerage
Saunders Real Estate
Brokerage Phone
8636603511
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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