2295-2345 Commerce Point DrLakeland, FL 33801
Heritage Business Center
137,500 SF Business Center with 100% Occupancy | Strategically Located Between Tampa and Orlando
Overview
Colliers, as exclusive advisor, is pleased to introduce Heritage Business Center located in Lakeland, Florida. The property is home to nationally recognized tenants including Safelite Auto, Dal-Tile, and Conduent Care, and it is considered Lakeland’s premier business park.
Centrally located less than four miles from the City of Lakeland, Heritage Business Center offers exceptional connectivity to the entirety of Polk County. The business park is situated approximately one mile from the Polk Parkway which allows for accessibility throughout Lakeland and ease of connectivity to Central Florida’s major east-west thoroughfare, Interstate 4 (I-4).
Investment Highlights
# Buildings
5
Occupancy
100%
Weighted Average Lease Term
2.71 Years
Net Operating Income
$1.29 Million
- Strategic Location: The Property is strategically located in Lakeland which is equidistant between the second and third largest MSAs in Florida - Tampa Bay and Orlando.
- Recent Investment Sales Momentum: Florida continues to lead the Southeast with out-sized demand by capital relative to other markets in the region. Market leading cap rates have been achieved in dispositions such as Sunstate Industrial Park, Tampa Airport Logistics Center, CenterLinks Business Park, and Quiet Waters Business Park.
- Limited Competitive Set: Heritage Business Center is arguably the only shallow bay business park in the entirety of the Lakeland market yielding more pricing power for incoming Buyer on current and future leases.
- Irreplaceable Asset: The shallow bay industrial asset class continues to experience a very limited supply pipeline due to the replacement cost to replicate a similar profile asset. Moreover, HBC has a trifecta of service offerings - grade level loading, dock-high loading, and outside storage.
- Excess Land: Approximately 3 acres of immediate value creation opportunity exists with adjacent land that can be utilized as IOS (pending municipal approval), overflow parking, or the development of an additional building with pristine frontage on Highway 98.
Property Overview
Address
Size (SF)
Loading
Year Built
Building Depth
Building 1
2335 Commerce Point Dr
22,500
Grade-Level
2006
+/- 100'
Building 2
2315 Commerce Point Dr
25,000
Grade-Level
2005
+/- 100'
Building 3
2295 Commerce Point Dr
25,000
Grade-Level
2005
+/- 100'
Buidling 4
2325 Commerce Point Dr
32,500
Dock-High
2005
+/- 130'
Building 5
2345 Commerce Point Dr
32,500
Dock-High
2006
+/- 130'
Photo Gallery
2295-2345 Commerce Point DrLakeland, FL 33801
Contact Us
Southeast Industrial Capital Markets Advisors
Central Florida Leasing Advisor
Debt & Structured Finance Advisors
Listing provided by Revere CRE