Bounat is excited to announce the closing of this off-market transaction located in Lakeland, FL. In addition to the sale of the property, Polk Parkway Industrial Center reached 100% occupancy within a record 45 days from acquisition.
Congratulations to Bounat brokers Robbie Lober and Mike Farley on representing both the Buyer and Seller for the sale and acquisition.
Off-market transaction highlights include:
– Size: 70,912 SF total
– Purchase Price: $5,800,000
– Purchase Price PSF: $82 PSF
– Full grade level park
– Strong frontage and visibility from New Tampa Highway and the Polk Parkway
– Great accessibility to Central Florida with statewide distribution capabilities
Robbie and Mike were also able to secure a relocation/ expansion space for the Seller to remain in Lakeland on a new long term lease. The new space is at a class A building nearby and best suited for their long term needs and growth.
Interested in Buying, Selling, or Leasing a commercial real estate asset? Contact Bounat today.