Lakeland Industrial Land LAKELAND, FL
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Lakeland Industrial Land LAKELAND, FL OFFERING MEMORANDUM Subject Property Lakeland Industrial Land LAKELAND, FL CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. Lakeland Industrial Land TABLE OF CONTENTS Section 1 PRICING AND FINANCIAL ANALYSIS Section 2 PROPERTY DESCRIPTION Section 3 RECENT SALES Section 4 MARKET OVERVIEW Section 5 DEMOGRAPHIC ANALYSIS PRICING AND FINANCIAL ANALYSIS Lakeland Industrial Land LAKELAND, FL Lakeland Industrial Land LAKELAND, FL PRICING AND FINANCIAL ANALYSIS FINANCIAL OVERVIEW Summary Property Lakeland Industrial Land Property Address 4501 Frontage Road South Lakeland, FL 33815 Financing Price $545,500 FIRST TRUST DEED Down Payment 100% / $545,500 Loan Type All Cash Lot Size (SF) 237,620 Price/SF $2.30 Lot Size (Acres) 5.4550 Price/Acre $100,000 Buildable SF 50,000 Type of Ownership Fee Simple Site Description Assessor's Parcel Number Zoning Ind This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 1 PROPERTY DESCRIPTION Lakeland Industrial Land LAKELAND, FL Lakeland Industrial Land LAKELAND, FL PROPERTY DESCRIPTION INVESTMENT OVERVIEW Investment Highlights ■ 5.455 Acres of Industrial Land ■ Southeast Corner of Interstate 4 Frontage and Polk Parkway ■ Adjacent to Insulfoam Office Warehouse Building ■ Easy Access to Tampa and Orlando via Interstate 4 ■ 40 Minutes to Tampa International Airport ■ One Hour to Orlando International Airport Lakeland Industrial Land is approximately 5.455 acres adjacent to the east of the Insulfoam office warehouse building in Lakeland, Florida. Insulfoam is a division of Carlisle Construction Materials LLC. Insulfoam is the nation’s largest block-molded polystyrene producer. The property is ideally located at the southeast intersection of Interstate 4 and Polk Parkway (Toll Road 580) at 4500 Frontage Road South in Lakeland, Florida, in eastern Polk County. Polk County is part of the greater Tampa Bay area. Lakeland Industrial Land is 30 minutes east of downtown Tampa, 40 minutes east of the Tampa International Airport and is one hour west of downtown Orlando and the Orlando International Airport. The property is zoned industrial and is well suited for any industrial use. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 3 Lakeland Industrial Land LAKELAND, FL PROPERTY DESCRIPTION AREA MAPS Local Map Regional Map This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 4 Lakeland Industrial Land LAKELAND, FL PROPERTY DESCRIPTION PARCEL MAP Note: The parcel map is an approximation and not to scale. This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 5 Lakeland Industrial Land LAKELAND, FL PROPERTY DESCRIPTION AERIAL PHOTO This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 6 RECENT SALES Lakeland Industrial Land LAKELAND, FL Lakeland Industrial Land LAKELAND, FL RECENT SALES RECENT SALES MAP 5 Lakeland Industrial Land 1) Futernick Associates Industrial 2) RNSS Bloomingdale 3) Aero Simulation, Inc. 4) County Line Logistics Center Land 5) Rooms to Go Land 6) Rooms to Go 7) Park 27 Industrial This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 8 Lakeland Industrial Land LAKELAND, FL RECENT SALES PRICE PER SF AND PRICE PER ACRE AVERAGE PRICE/SF 4.00 3.60 3.20 2.80 2.40 2.00 1.60 1.20 0.80 0.40 0.00 Subject Futernick RNSS Aero County Rooms Rooms Park Associates Bloomingdale Simulation, Line to to 27 Industrial Inc. Logistics Go Go Industrial Center Land Land AVERAGE PRICE/ACRE 160,000 140,000 120,000 100,000 80,000 60,000 40,000 20,000 0 Subject Futernick RNSS Aero County Rooms Rooms Park Associates Bloomingdale Simulation, Line to to 27 Industrial Inc. Logistics Go Go Industrial Center Land Land This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap is a trademark of Marcus & Millichap Real Estate Investment Services of Florida © 2017 Y0250731 Marcus & Millichap. All rights reserved. 9 Lakeland Industrial Land LAKELAND, FL RECENT SALES RECENT SALES Lakeland Industrial Land 4501 Frontage Road South Lakeland, FL 33815 Sale Price: $545,500 Lot Size (SF): 237,620 Down Payment: $545,500 Price/SF: $2.30 Down Payment %: 100% Lot Size (Acres): 5.4550 Zoning: Ind Price/Acre: $100,000 Lot Dimensions: Subject Property Comments The property is adjacent to the east of the Insulfoam office warehouse building. 1 Futernick Associates Industrial 6855 US Highway 41 Ruskin, FL 33572 Close of Escrow: 8/25/2017 Lot Size (SF): 1,254,528 Sale Price: $2,662,500 Price/SF: $2.12 Down Payment: N/A Lot Size (Acres): 28.8000 Down Payment %: N/A Price/Acre: $92,448 Zoning: