Lakeland Commerce Center - Bldgs 100, 200 & 300

Lakeland, FL, US, Americas

Description

JLL has been exclusively retained to market for sale the fee simple interest in Lakeland Commerce Center Buildings 100-300 (the "Property") – three newly delivered rear-load industrial buildings totaling 557,100 SF located within one of Central Florida's premier logistics parks. The Property is strategically located equidistant from Tampa and Orlando at the heart of the state, enabling same-day delivery to all of Florida's 23M residents, as well as convenient logistics throughout the Southeastern US via I-4 (4.7 miles away).

The Property is currently 30% leased to three national tenants with 3.4 years of weighted average lease term providing stable cash flow with immediate upside. Offered at a discount to replacement cost, the Property presents significant valueadd potential through lease up of the remaining 391,240 square feet of available space. The Property offers exceptional leasing flexibility, as vacant spaces can accommodate a single large tenant or be divided into smaller, premium-rate bays. This strategy captures Lakeland's strongest leasing activity, as spaces under 50,000 square feet represented over 95% of 2025 transactions, positioning the Property to serve Lakeland's diverse tenant base ranging from large scale distributors to smaller service-oriented operations.

The institutionally maintained buildings feature state of the art design specifications including rear-load configurations, tilt-up construction, dock-high loading, 32' clear heights, 160'-220' building depths, 130' (dedicated)-190' (shared) truck court depths, 168 loading docks, 10,244 SF of recently completed spec office, and 19 dock levelers.

Lakeland Commerce Center offers investors an opportunity to acquire three Class A buildings below replacement cost at a strategic statewide distribution location with contractual rent from three tenants and upside through the lease up of the remaining vacancy.

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Attributes

Building area net

557,100 sf

WALT

3.4 years

Occupancy

30%

Land area gross

28.5 acres

2024

Construction

Lakeland Commerce Center - Bldgs 100, 200 & 300 (3 Properties)

Media

Investment highlights

Value-add opportunity to acquire three, recently completed Class A industrial buildings in a master-planned business park prior to stabilization, at a phenomenal basis and at a significant spread to stabilized cap rates.
The Central FL market has experienced the most robust leasing activity in the state over the last 18 months with an additional 10.2M SF of tenants in the market, creating the ideal environment for a fast stabilization.
Immediate value creation opportunity through lease up of the remaining 391,240 SF resulting in $4.7M of NOI growth by Year 3.
30% leased to three established national tenants with 3.4 year of term remaining and 4% average annual escalations in place.
Offered at an attractive acquisition basis below replacement cost ($160 PSF) and recent trades within the market and park (Building 400: $143 PSF) providing long-term competitive advantage to a new owner.