Listed by Marcus & Millichap - Orlando
$2,117,000
Lakeland Small-Bay Industrial
Details
Property Type Industrial
Sub Type Flex, Warehouse
Square Footage 14,400
Net Rentable (SqFt) 14,400
Cap Rate 8.16%
NOI $172,678
Occupancy 100%
Tenancy Multi
Lease Type Gross
Rent Bumps Yes
Price per SqFt $147
Broker Co-Op Yes
Class B
Year Built 1985
Year Renovated 2024
Acreage 0.650
Investment Type Stabilized
Ground Lease No
Ownership Fee Simple
8.00% Cap Rate | Concrete Block | Tight Submarket
Investment highlights
14,400 SF Warehouse Facility | 100% Leased to 17 Tenants
Unit Sizes Ranging Between 800 –2,400 SF | Easy to Lease & Hedges Against Large Vacancies | All Non-Climate Controlled Units
Built in 1985 | Concrete Block Construction | 0.54 Acre Lot
Value-Add Upside Through Below Market Rent(Averaging $14.65/SF Gross)
Priced Below Replacement Cost ($147/SF)
Tight Submarket (3% Vacancy Rate)
5-Mile Demos: 155,000 Population & $74,000 Average Household Income
Listing Contacts
Listed by Marcus & Millichap - Orlando
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$172,678.00
$14,389.83/mo
Valuation Metrics
0
DSCR
8.16%
Cap Rate
8.16%
ROI
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Property History
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