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DMG Drive Investment

3714 DMG Drive, Lakeland, Florida 33811
$2,200,000 ($108.64 per SF)
DMG Drive Investment

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
20,250 sqft
Land Size
2.76 acres
Sewer
Available
Water
Available
Zoning
PUD-5653 (I-2)
Electric
3-phase, 120/208V, 600amp
Year Built
1984
N O I:
$151,465.68
Cap Rate:
6.88%
Occupancy:
96.3%
Pro Forma Cap:
8.42%

Property Description

Value-add investment or owner-user opportunity in Lakeland, Florida's thriving economic landscape! This versatile two-building property includes a 7,000 ± SF warehouse and a 13,250 ± SF office building, offering immediate income potential from existing short-term leases. Some areas of the property are not currently leased. This presents a unique chance for investors to significantly enhance returns or for an owner-user to secure occupancy relatively quickly, within one of Lakeland's most desirable industrial trade areas, virtually right across the street from the Lakeland Linder International Airport.

The buildings share one electric meter, with 3-phase power and 600 total amps. The office spaces offer Class-B finishes, with typical amenities. The warehouse is mostly dock-high, with a small portion at ground level, and it includes a large covered storage area where the Landlord is not currently collecting rent

Location