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Bldg 1 115 S Missouri Ave 43,352 SF 97% Leased Office Building Lakeland, FL 33815 For Sale

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Investment Highlights

Stable and Diversified Tenant Base: The property is leased to a diversified mix of state agencies, healthcare providers, and educational users.
Institutional Scale with Ample Parking: The asset totals 107,512 square feet, and the site includes approximately 375 parking spaces.
Strategic Central Florida Location: Lakeland’s position between Tampa and Orlando along the Interstate 4 corridor continues to attract employers.

High Occupancy with Embedded Upside: Occupancy stands at 97.4 percent, providing immediate cash flow while preserving leasing flexibility.
Strong In-Place Cash Flow: The property generates $1,795,764 of in-place net operating income and is offered at a market-driven price.

Executive Summary

Institutional Property Advisors is pleased to present 115 South Missouri Avenue, a 107,512-square-foot, multitenant office property located in Downtown Lakeland, Florida. The property is situated on approximately 4.8 acres within Lakeland’s Central Business District and benefits from convenient access to Interstate 4 and the broader Tampa-Orlando corridor.
The asset is 97.4 percent occupied and leased to a diversified mix of government, healthcare, education, and professional service tenants. The rent roll provides durable in-place cash flow with a weighted average lease term of approximately 4 years and 8 months, while maintaining flexibility through upcoming lease expirations that allow an investor to capture future rental upside.
115 South Missouri Avenue offers the opportunity to acquire an institutional-scale office asset in a growing Central Florida market supported by stable tenancy, limited downtown supply, and long-term employment drivers.

Property Facts Under Contract

Sale Type

Investment

Property Type

Office

Building Size

43,352 SF

Building Class

Year Built

1960

NOI

$1,795,764

Percent Leased

97%

Tenancy

Multiple

Building Height

5 Stories

Typical Floor Size

8,670 SF

Building FAR

0.21

Lot Size

4.80 AC

Opportunity Zone

Yes

Zoning

C-6 - Downtown Commercial District

Department of Juvenile Justice
Public Administration
-
$9.99
Lorem Ipsum
Jan 0000

Public Administration
-
$9.99
Lorem Ipsum
Jan 0000

The Florida Department of Revenue (DOR) provides critical services to millions of individuals, businesses and families throughout Florida, including general tax administration, child support services and property tax oversight. DOR employees are located in offices throughout Florida and the U.S., with opportunities ranging from entry-level to senior management positions for individuals with various professional backgrounds related to auditing; law; property tax; economics; finance; operations and administration; project management; customer service and more.

Tenant	Industry	SF Occupied	Rent/SF	Lease Type	Lease End
Department of Juvenile Justice	Public Administration	-	$9.99	Lorem Ipsum	Jan 0000
	Public Administration	-	$9.99	Lorem Ipsum	Jan 0000