

550 Commerce Drive
GSA Leased Office Asset in Lakeland
Marketing description
The property is a 15,322 sf One-Story masonry office building, built in 2008 on 2.71 gross acres, situated in Polk county Florida. Ample on-site parking and storm water management/green area with convenient access to Route 37, S. Florida Avenue. The property benefits from a stable tenancy, predictable cash flow, and contractual rent escalations, making it well-suited for investors seeking durability and downside protection.
This offering presents a rare opportunity to acquire a mission-critical asset leased to the U.S. General Services Administration (GSA), providing investors with secure, long-term income backed by the full faith and credit of the federal government.
Strategically positioned within a growing Florida market, the asset offers both income stability and potential long-term upside supported by favorable regional fundamentals.
This investment is particularly attractive for buyers seeking a passive, low-management asset with institutional-grade tenancy. The strength of a GSA lease, combined with the property’s functional design and established occupancy, creates a compelling opportunity to secure a high-quality government-backed income stream.
The Tenant has invested over $800,000 improving the property over the last 6 years, therefore there is a high likelihood they will desire renewal, but they have no option in the lease, leaving it up to the investor to renegotiate or reposition the asset as medical use/surgery center for the greatest return.
Investment highlights
- Stable tenancy
- Predictable cash flow
- Contractual rent escalations
- Current lease expires May 2028
- High renewal probability
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