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DMG Drive Investment 2 Properties Offered at $2,400,000 in Lakeland, FL
INVESTMENT HIGHLIGHTS
- HVAC: 10 units, 4 of which are less than two years old
- 2 power security gates
- Power: 3-phase, 120/208V, 600amp (125amp in warehouse)
- Security cameras and security lights
EXECUTIVE SUMMARY
Value-add investment or owner-user opportunity in Lakeland, Florida's thriving economic landscape! This versatile two-building property includes a 7,000 ± SF warehouse and a 13,250 ± SF office building, offering immediate income potential from existing short-term leases. Some areas of the property are not currently leased. This presents a unique chance for investors to significantly enhance returns or for an owner-user to secure occupancy relatively quickly, within one of Lakeland's most desirable industrial trade areas, virtually right across the street from the Lakeland Linder International Airport.
The buildings share one electric meter, with 3-phase power and 600 total amps. The office spaces offer Class-B finishes, with typical amenities. The warehouse is mostly dock-high, with a small portion at ground level, and it includes a large covered storage area where the Landlord is not currently collecting rent
The buildings share one electric meter, with 3-phase power and 600 total amps. The office spaces offer Class-B finishes, with typical amenities. The warehouse is mostly dock-high, with a small portion at ground level, and it includes a large covered storage area where the Landlord is not currently collecting rent
TAXES & OPERATING EXPENSES (ACTUAL - 2024) |
ANNUAL |
|---|---|
| Gross Rental Income |
$172,560
|
| Other Income |
$47,694
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$220,254
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$74,292
|
| Net Operating Income |
$145,962
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $172,560 |
| Other Income | |
|---|---|
| Annual | $47,694 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $220,254 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $74,292 |
| Net Operating Income | |
|---|---|
| Annual | $145,962 |
PROPERTY FACTS
| Price | $2,400,000 | Number of Properties | 2 |
| Price / SF | $117.79 / SF | Individually For Sale | 0 |
| Cap Rate | 6.08% | Total Building Size | 20,375 SF |
| Sale Type | Investment | Total Land Area | 4.16 AC |
| Status | Active |
| Price | $2,400,000 |
| Price / SF | $117.79 / SF |
| Cap Rate | 6.08% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 20,375 SF |
| Total Land Area | 4.16 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 3718 Dmg Dr, Lakeland, FL 33811 | Industrial | 8,000 SF | 1984 | - |
| 3700-3706 Dmg Dr, Lakeland, FL 33811 | Office | 12,375 SF | 1984 | - |
1 1
CONTACTS
-
David Hungerford -
Joey Hungerford -
Saunders Ralston Dantzler Commercial Real Estate
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