2985 Old Medulla Rd
Industrial | 39,100 SqFt
Marketing description
CBRE, as exclusive advisor, is pleased to present this premier industrial manufacturing and distribution investment opportunity in Lakeland, Florida. Strategically positioned along the highly traveled I-4 corridor between Tampa and Orlando, this ±39,100 SF stand-alone industrial facility sits on approximately ±6.0 acres and offers an exceptional opportunity for both owner-users and investors seeking an industrial asset with strong functionality and long-term value.
Constructed in 2006, the property features a highly efficient layout with a 32-foot insulated clear height, seven overhead bridge cranes (four 10-ton and three 5-ton), 1,600-amp, 3-phase, 480/277V electrical service, a 7,500 SF climate-controlled machine shop, and approximately 5,850 SF of office space. The facility is ideally suited for heavy fabrication, advanced manufacturing, warehousing, and distribution operations.
Designed for operational efficiency, the building offers a drive-through, grade-level configuration that supports seamless production flow, equipment movement, and truck circulation. The expansive site provides ample yard area and presents the potential for future building expansion or additional outdoor storage.
From an investment perspective, the property's specialized infrastructure, strategic Central Florida location, and limited supply of comparable crane-served facilities position it as a compelling industrial asset with strong leasing appeal. Conveniently located just 5 miles from Lakeland Linder International Airport and approximately 3 miles from Polk Parkway (SR 570), the property provides excellent access to the Tampa and Orlando metropolitan areas and Central Florida's growing industrial and logistics markets.
Building to be sold vacant.
Investment highlights
- Seven overhead bridge cranes on 43' spans with 25' hook heights (four 10-ton, three 5-ton) plus two 1-ton jib cranes, backed by 1,600-amp 3-phase 480/277V service and a plantwide compressed-air system - heavy capability rarely found in the Polk County market.
- Great opportunity for owner user: an insulated metal building with metal-halide lighting and skylights, a 7,500 SF air-conditioned CNC wing, 5,850 SF of finished offices, and seven oversized drive-in doors (to 32'×23') on a grade-level, drive-through layout.
- The 6-acre parcel leaves stabilized yard and open land for building expansion, outdoor storage, or laydown - a scarce commodity in a supply-constrained submarket where owner-users are competing to buy rather than lease.
- Positioned between Tampa and Orlando with 325,000+ residents within 10 miles and warehouse employment projected to grow from 6,900 to 8,300 jobs, limited industrial supply continues to drive aggressive, top-of-market pricing across Polk County.
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