For Sale
$4,250,000

3715 Drane Field RdLakeland, FL 33811

Class A flex space, 18,450 SF, 7.38% cap rate.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 18,450-square-foot Class A flex space in Lakeland, Florida. Located at 3715 Drane Field Rd, this single-tenant property boasts a 10-year NNN leaseback with Yes.Fit, a tenant occupying 100% of the space. Built in 2020, the building features 18-foot clear ceiling heights, 35' x 52' column spacing, and nine 10' x 10' grade-level loading doors. The 1.53-acre lot provides ample parking with 60 spaces (3.3 spaces per 1,000 SF). The property includes six restrooms and LED lighting. The building's construction is reinforced concrete, stucco, and brick, reflecting its high-quality design. Power is supplied by a 400-amp 120/208 3-phase system. The property is zoned PUD 5653 (I-2) and offers a strong 7.38% cap rate with a Net Operating Income (NOI) of $313,650. Its strategic location directly across from Lakeland Linder Airport, near the Publix Global HQ, and within 10 minutes of I-4, ensures strong future growth potential. The asking price is $4,250,000, translating to $230.35 per square foot. Tenant financials are available upon request and execution of a non-disclosure agreement.

Highlights

  • 2020 Construction.
  • $3.22/SF NNN Expenses.
  • PUD 5653 (I-2) Zoning.
  • 400-amp 120/208 3-phase power.
  • 18' Clear Ceiling Height.
  • 35' x 52' Column Spacing.

Property Details for 3715 Drane Field Rd

Property type
Warehouses, Office properties
Square Feet
18,450 SF
Class
A
Year Built
2020
Buildings
1
Stories
1
Lot Size (sq. ft)
66,647 SF
Units
10

Location Insight

City
Lakeland
County
Polk
State
Florida
Latitude
27.99668204
Longitude
-82.02143886
3715 Drane Field Rd, Lakeland, Florida

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3715 Drane Field Rd
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