GREAT INDUSTRIAL DEVELOPMENT SITE

Transcription

1 GREAT INDUSTRIAL DEVELOPMENT SITE SWFWMD MASS GRADING PERMIT IN PLACE 103,500 VPD KATHLEEN HIGH SCHOOL LAKELAND LOGISTICS CENTER W MEMORIAL BLVD 25,500 VPD EXIT 28 SUBJECT ±35.9 ACRES LONE PALM GOLF CLUB ±35.9 COMMERCIAL/INDUSTRIAL ACRES FOR SALE I- & W MEMORIAL BLVD, LAKELAND, FLORIDA

2 INVESTMENT HIGHLIGHTS PROPERTY ATTRIBUTES Signalized pin corner available Commercial out-parcels available along W Memorial Blvd (Hwy 92) Multiple ingress and egress points along W Memorial Blvd and N Chestnut Road ±35.9 COMMERCIAL/INDUSTRIAL TOTAL ACRES ±27.50 BUSINESS PARK CENTER ACRES ±.5 OC ACRES ±3.90 CC ACRES 98 1,19 feet of road frontage along W Memorial Blvd 1,001 feet of road frontage on along N Chestnut Road Kathleen Gibson 33 LOCATION ATTRIBUTES Strategically located in the Lakeland-Winter Haven MSA (Central Florida), 1 mile from I- High traffic counts: 25,500 VPD on W Memorial Blvd. and 103,500 VPD on I- I-, Exit 28 is a full access interchange and a primary exit to Downtown Lakeland One mile from I- (exit 28), Central Florida s Super Region. This super region accounts for the 10th largest gross regional product in the United States LAKELAND SEVEN 572 Winston 539 Lakeland 37 Lake Parker 659 Crystal Lake Recently reconfigured, Exit 28 now provides direct east/ west access to I- 563 Eaton Park Less than eight hours from eight major southeastern cities and within an hour of Tampa and Orlando International Airports Medulla

3 EXISTING USERS IN THE MARKET 55 Polk Poll City Kathleen 39 Gibson 33 Lake Parker LAKELAND SEVEN 539 Fussels Corner 92 Winston Lakeland 37 Crystal Lake A Plant City 563 Eaton Park Medulla Highland Lake Hanc

4 PROPERTY HIGHLIGHTS TOTAL SIZE ±35.9 acres ±1,561,190 sf TAX PARCEL ID JURISDICTION Unicorporated Polk County ZONING Commercial (±8. acres) Business Park Center (±27.5 acres) HIGHEST & BEST USE Retail & Industrial FRONTAGE W Memorial Blvd N Chestnut Rd ±.5 OC ACRES ±3.90 CC ACRES ±27.5 BUSINESS PARK CENTER ACRES TRAFFIC COUNTS W Memorial: 25,500 VPD I-: 103,500 VPD

5 LOCATION HIGHLIGHTS EXCELLENT MICRO/MACRO LOCATION Central Florida Industrial Market 5.9 million square feet industrial market centrally located between Orlando & Tampa Market vacancy rate of 5.3% recorded for industrial product in Central FL as of Q 2017, a drop of approximately 190 bps from 2016 Submarket attracts an abundant group of institutional owners/investors Economic Development in Lakeland In the last few years, Lakeland s economic development activites included 17 projects that generated 671 jobs and totaled $16,827,000 in capital investment. The largest of these is a one-million-square-foot build-to-suit for Amazon that created 385 jobs and $102 million investment. Major employers include Publix (8,200), Lakeland Regional Medical Center (5,500), Geico (3,000), and Rooms To Go (900), and Pepsico which should begin it s occupancy in early The Lakeland submarket which consists of 30.0 million square feet provides logistical advantages in terms of next-day delivery to it s quickly growing user base. Dynamic Polk County Statistics Population of 66,989 with average home value of $165,050 Labor force of approximately 280,86 An estimated 1.5 million tourists visit annually. 32 business parks. 200-mile radius (-hour drive) SUBJECT METRO TAMPA BAY 100-mile radius (2-hour drive) LAKELAND METRO ORLANDO Sources: Central Florida Development Council of Polk County, Florida; City of Lakeland Community Development; Lakeland Economic Development Council

6 MARKET OVERVIEW Orlando Industrial Market Market Size: MSF Total Vacancy: 6.% 2017 Net Absorption: 2. MSF ORLANDO Titusville Lakeland Area Submarket Market Size: 28.3 MSF Total Vacancy: 3.9% 2017 Net Absorption: 1.0 MSF Kissimmee Tampa Industrial Market Market Size: MSF Total Vacancy: 5.0% 2017 Net Absorption: 1.7 MSF LAKELAND Clearwater St. Petersburg TAMPA SUBJECT Central Florida Industrial Market Market Size: 6. MSF Total Vacancy: 5.1% 2017 Net Absorption: 2.5 MSF Sources: Transwestern Commercial Services Georgia, LLC Research; CoStar

7 SITE SURVEY R ±19' ' 5' 315' ±310' ±310' ±310' 10' 37' ±250' 32' 32' 116' ' 58' 35' 35' 10' 37' ±310' SCALE: 1" = 60' DESIGNED BY: Mar 21, 2018 DATE DRAFTED BY: B JOB NO. CHECKED BY: DESCRIPTION DATE NO. 5.00' ' ' 50' ACCESS EASEMENT ' Engineers, Land Planners Construction Managers 590 Hillside Heights Drive Lakeland, Florida Phone (863) Fax (863) Certificate of Authorization No www. jsk-consulting.com 25' POND ' 20.00' CREATING IMPLEMENTING SOLVING ' ' P:\ c - North Lakeland Commerce Center Mass Grading\ENGINEERING\EXHIBITS\ c_Concept 3-1 (NEW ACREAGE).dwg Wednesday, March 21, 2018 :12:53 PM PRELIMINARY LAYOUT Preliminary Layout is Subject to Final Topographic and Boundary Survey, Engineering and Approval by Governmental Agencies 185' Know what's below. Call before you dig. 2 NORTH LAKELAND COMMERCE CENTER LAKELAND FL C500 OVERALL GEOMETRY PLAN THIS ITEM HAS BEEN ELECTRONICALLY SIGNED AND SEALED BY MATTHEW K. JOHNSON, P.E. USING A SHA-1 AUTHENTICATION CODE. NOT FOR MATTHEW K. JOHNSON, P.E. FLA. P.E. No CONSTRUCTION DATE SHEET NUMBER PRINTED COPIES OF THIS DOCUMENT ARE NOT CONSIDERED SIGNED AND SEALED AND THE SHA-1 AUTHENTICATION CODE MUST BE VERIFIED ON ANY ELECTRONIC COPIES.

8 LOCATION HIGHLIGHTS BUSINESS PARK 1 - FUTURE LAND USE

9 LOCATION HIGHLIGHTS ±.5 OC ACRES ±3.90 CC ACRES ±27.5 BUSINESS PARK CENTER ACRES

10 LEASE COMPS Kissimmee 2 Polk City 8 Plant City Lakeland Auburndale Winter Haven LEASE TERM MAP # BUILDING NAME TENANT NAME BUILDING TOTAL SF LEASED SF LEASE RATE TI (PSF) DATE LEASED (MONTHS) 1 INTERSTATE COMMERCE PARK PEPPERIDGE FARM 8 175,000 87,360 $5.09 $3.00 Q DEEN STILL ROAD CTDI 76 1, ,967 $5.23 $1.32 Q17 3 INTERSTATE COMMERCE PARK WHEELS INTERNATIONAL ,880 21,80 $5.75 $5.50 3Q17 CENTERSTATE LOGISTICS CENTER PEPSICO ,12 605,12 $.75 $ Q17 5 LAKELAND LOGISTICS CENTER NOVA 65 25,000 70,000 $.85 $5.00 1Q REGION CENTER COURT STRYKER SUSTAINABILITY ,850 73,71 $7.20 AS-IS 2Q WEST MEMORIAL BLVD. PARKSITE , ,000 $5.20 $9.00 2Q STATE ROAD 33 HOME DEPOT SUPPLY 39 00,000 20,000 $.25 AS-IS 2Q16

11 LAND SALE COMPS Kissimmee 3 Polk City 2 Auburndale Plant City 1 Lakeland Winter Haven MAP # PROJECT TYPE BUYER ACRES PURCHASE PRICE PRICE PER ACRE CLOSING DATE 1 INDUSTRIAL MCCRANEY PROPERTY COMPANY 72 $8,250,000 $11, JUL-16 2 INDUSTRIAL MEDLINE INDUSTRIES 52 $8,500,000 $163,67.5 JUL-16 3 INDUSTRIAL MCCRANEY PROPERTY COMPANY 33 $5,260,000 $161,86.00 FEB-15 INDUSTRIAL MDH 53 $7,873,500 $19, SEP-15

12 FOR MORE INFORMATION: Jon Kleinberg Owner/Agent 330 Peachtree Road NE, Suite 1000 Atlanta, Georgia T F