115 S Missouri Ave
FOR SALE: Lakeland, FL | Office Building | In-Place NOI $1.8M
Marketing description
Institutional Property Advisors is pleased to present 115 South Missouri Avenue, a 107,512-square-foot, multitenant office property located in Downtown Lakeland, Florida. The property is situated on approximately 4.8 acres within Lakeland’s Central Business District and benefits from convenient access to Interstate 4 and the broader Tampa-Orlando corridor.
The asset is 97.4 percent occupied and leased to a diversified mix of government, healthcare, education, and professional service tenants. The rent roll provides durable in-place cash flow with a weighted average lease term of approximately 4 years and 7 months, while maintaining flexibility through upcoming lease expirations that allow an investor to capture future rental upside.
115 South Missouri Avenue offers the opportunity to acquire an institutional-scale office asset in a growing Central Florida market supported by stable tenancy, limited downtown supply, and long-term employment drivers.
Investment highlights
Stable and Diversified Tenant Base: The property is leased to a diversified mix of state agencies, healthcare providers, and educational users, creating a strong income profile and reducing exposure.
High Occupancy with Embedded Upside: Occupancy stands at 97.4 percent, providing immediate cash flow while preserving leasing flexibility.
Institutional Scale with Ample Parking: The asset totals 107,512 square feet, offering institutional scale that is rare in Downtown Lakeland, and the site includes approximately 375 parking spaces.
Strong In-Place Cash Flow: The property generates $1,795,764 of in-place net operating income, providing a 10.25% capitalization rate at the offering price. Income is supported by long-term leases and a balanced expense structure.
Strategic Central Florida Location: Lakeland’s position between Tampa and Orlando along the Interstate 4 corridor continues to attract employers and population growth.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
