NNN Office/Medical Investment | 3675 Innovation Dr
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NNN Office/Medical Investment 3675 Innovation Dr
8,000 SF 100% Leased Office Building Lakeland, FL 33812 $3,800,000 ($475/SF) 5.07% Cap Rate
Investment Highlights
- NNN Office/Medical Investment
- Prime location on US Highway 98 S within the Parkway University Center
- 100% leased
Executive Summary
South Lakeland, Florida - prime NNN Office/Medical Investment of 8,000 SF building - well-established tenants - long term leases - potential for 2,200 mol SF expansion of space - prime location - 1.26 acres. 100% occupancy.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
8,000 SF
Building Class
B
Year Built
2005
Price
$3,800,000
Price Per SF
$475
Cap Rate
5.07%
NOI
$192,567
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,000 SF
Building FAR
0.15
Lot Size
1.26 AC
Zoning
Professional - Professional/Medical zoning in Unincorporated Polk County.
Parking
52 Spaces (6.5 Spaces per 1,000 SF Leased)
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PROPERTY TAXES
| Parcel Number | 24-29-10-280562-000130 | Improvements Assessment | $927,824 |
| Land Assessment | $301,098 | Total Assessment | $1,228,922 |
PROPERTY TAXES
Parcel Number
24-29-10-280562-000130
Land Assessment
$301,098
Improvements Assessment
$927,824
Total Assessment
$1,228,922
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NNN Office/Medical Investment | 3675 Innovation Dr
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