PROPERTY FOR SALE - LoopNet...I-4 AND SR 33 INDUSTRIAL LAND PROPERTY FOR SALE 877.518.5263 | SRDcommercial.com | 114 N. Tennessee Ave. Lakeland, FL 33801 85,000 cars/day 13,700 cars/day

I-4 AND SR 33 INDUSTRIAL L ANDPROPERTY FOR SALE

877.518.5263 | SRDcommercial.com | 114 N. Tennessee Ave. Lakeland, FL 33801

85,000 cars/day

13,700 cars/day

SUBJECT

3 E XECUTIVE SUMMARY

4 MAPS

6 DEMOGRAPHICS

9 AERIAL VIEWS

17 ZONING

CONFIDENTIALITY & DISCLAIMER ©2018 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. ©2018 Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.

T A B L E O F C O N T E N T S

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Gary M. Ralston CCIM, SIOR, SRS, CPM, CRE, CLS, CDP, CRX, FRICS

Managing Partner & Broker [email protected] | 863.877.2828

David Hungerford Sales Associate & Director of Research

[email protected] 863.272.7156

Augie Schmidt Sales Associate & Research Analyst

[email protected] 863.774.7133

I-4 AND SR 33 INDUSTRIAL L ANDE X E C U T I V E S U M M A R Y

The subject property is positioned well for future industrial or commercial development with frontage on I-4 and SR 33. The property has quick access to I-4 for distribution users, and is close to the new tilt-wall construction projects featuring Gatorade/PepsiCo and Best Buy as tenants. On the opposite side of I-4 sits Florida Polytechnic University and a future planned Adventist Health Campus. The site is already zoned for industrial and commercial uses and utilities are present, running along SR 33.

Site Address: 8161 SR 33, Lakeland, FL 33809

County: Polk

PIN (Property Identification Number):242711000000042020, 242711000000041040, 242711000000041020, 242711000000041050

Land Size: 19.55 +/- acres (15.50 +/- upland)

Building Size: 6,800 +/- SF

Year Built: 1986

Current Property Use: Auto Sales/Service

Utilities: Water and Sewer (Polk County)

Future Land Use: BPC-1, BPC-2 (Polk County)

Taxes: $5,973 (2017)

Traffic Count:85,000 cars/day on I-413,700 cars/day on SR 33

Asking Price: $2,400,000

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R E G I O N A L L O C AT I O N M A PLocated in the Lakeland - Winter Haven MSA, between Tampa and Orlando, in the center of the I-4 Corridor.

ORL ANDO

TAMPA

L AKEL AND

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T A B L E O F C O N T E N T S

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UPDATE THEN DELE TE

PL ACE MAP INTO FR AME

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The subject property is in close proximity to Interstate 4, with excellent connectivity to Lakeland, Tampa, and Orlando.

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PL ACE MAP INTO FR AME

D I S T R I B U T I O N D E M O G R A P H I C S

• More than 20,000,000 people within 5 hours!

• The 5 hour mark allows the truck driver 5 hours out, 1 hour to unload, and 5 hours back for an 11 hour trip.

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1, 3, 5 Hour Drive Time1 Hour 3 Hours 5 Hours

Population 3,640,767 12,844,563 20,763,937 Households 1,341,759 5,136,833 8,089,821 Median Age 37.2 43.6 42Median Household Income 52,114$ 51,773$ 51,692$ Average Household Income 72,448$ 74,184$ 74,672$ Per Capita Income 27,180$ 30,192$ 29,581$

1 hour

3 hours

5 hours

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90, 120 minute drive timeL O C A L D E M O G R A P H I C S

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Drivetime Demographics 90 Mins 120 MinsPopulation 7,598,420 9,124,300Household 2,991,883 3,369,636Median Age 41.9 43.2Median Household Income 51,815$ 51,065$ Average Household Income 72,990$ 71,880$ Per Capita Income 29,255$ 24,475$

B E N C H M A R K D E M O G R A P H I C S

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Within a 60 mile radius there are nearly 7 million people. Within this same radius, there are multiple

international airports and shipping ports, and three interstate highways (I-75, I-95, and I-4).

The I-4 corridor population is growing at over two times the rate of the US. The industrial market will

continue to benefit from this growth.

30 Mile 60 Miles 90 Miles 90 Mins 120 Mins Polk FL US

Population 1,451,745 6,668,280 9,140,622 7,598,420 9,124,300 667,696 20,875,686 330,088,686 Households 524,322 2,597,288 3,647,379 2,991,883 3,639,636 249,123 8,152,541 124,110,001 Families 372,939 1,684,079 2,349,073 1,930,165 2,336,692 173,193 5,273,287 81,631,156 Average Household Size 2.73 2.52 2.46 2.49 2.46 2.63 2.51 2.59 Owner Occupied Housing Units

358,315 1,653,492 2,404,241 1,925,348 2,383,886 169,591 5,193,134 78,262,285

Renter Occupied Housing Units

166,007 943,796 1,243,137 1,066,535 1,255,750 79,532 2,959,407 45,847,716

Median Age 39.2 41.0 43.4 41.9 43.2 41.4 42.3 38.3

IncomeMedian Household Income 53,548 51,762 51,245 51,815 51,065 47,429 52,098 58,100 Average Household Income 73,237 72,805 72,231 72,990 71,880 64,107 75,281 83,694 Per Capita Income 26,926 28,880 29,353 29,255 29,204 24,475 29,913 31,950

Trends: 2015 - 2020 Annual Growth RatePopulation 2.01% 1.74% 1.62% 1.69% 1.61% 1.55% 1.41% 0.83%Households 1.87% 1.64% 1.53% 1.59% 1.52% 1.48% 1.36% 0.79%Families 1.82% 1.60% 1.48% 1.55% 1.48% 1.42% 1.30% 0.71%Owner HHs 2.43% 2.20% 2.06% 2.15% 2.07% 2.07% 1.91% 1.16%Median Household Income 2.58% 2.50% 2.47% 2.50% 2.46% 2.65% 2.52% 2.50%

B E N C H M A R K D E M O G R A P H I C S

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30 Miles 60 Miles 90 Miles 90 Mins 120 Mins Polk FL US

Households by Income<$15,000 10.10% 11.10% 11.20% 11.10% 11.30% 12.10% 11.70% 11.20%

$15,000 - $24,999 10.30% 10.80% 11.00% 10.80% 11.00% 11.70% 10.60% 9.40%

$25,000 - $34,999 10.70% 11.00% 11.10% 11.00% 11.10% 11.80% 10.70% 9.30%

$35,000 - $49,999 14.90% 15.10% 15.20% 15.10% 15.20% 16.60% 14.70% 12.80%

$50,000 - $74,999 19.80% 19.30% 19.30% 19.30% 19.30% 19.90% 18.70% 17.60%

$75,000 - $99,999 13.00% 12.00% 11.90% 12.10% 11.90% 12.30% 11.90% 12.50%

$100,000 - $149,999 12.80% 12.00% 11.70% 12.00% 11.60% 9.90% 12.10% 14.40%

$150,000 - $199,999 4.20% 4.30% 4.10% 4.30% 4.10% 2.90% 4.50% 6.00%

$200,000+ 4.20% 4.50% 4.40% 4.50% 4.30% 2.90% 5.10% 6.70%

Population by Age0 - 4 6.10% 5.50% 5.20% 5.40% 5.20% 6.00% 5.30% 6.00%

5 - 9 6.20% 5.60% 5.30% 5.50% 5.30% 6.00% 5.40% 6.20%

10 - 14 6.40% 5.70% 5.50% 5.60% 5.50% 6.00% 5.60% 6.30%

15 - 19 6.20% 5.80% 5.60% 5.70% 5.60% 5.90% 5.70% 6.40%

20 - 24 6.30% 6.50% 6.10% 6.40% 6.30% 5.90% 6.30% 6.90%

25 - 34 13.50% 13.60% 12.70% 13.30% 12.80% 12.70% 13.20% 13.90%

35 - 44 12.20% 12.00% 11.40% 11.80% 11.40% 11.40% 11.70% 12.50%

45 - 54 12.60% 12.70% 12.50% 12.60% 12.50% 11.80% 12.70% 12.80%

55 - 64 12.70% 13.30% 13.90% 13.50% 13.80% 13.10% 13.60% 13.00%

65 - 74 10.50% 11.10% 12.30% 11.50% 12.10% 12.10% 11.50% 9.40%

75 - 84 5.40% 5.80% 6.70% 6.20% 6.70% 6.60% 6.30% 4.60%

85+ 1.90% 2.40% 2.90% 2.60% 2.80% 2.40% 2.70% 2.00%

Race and EthnicityWhite Alone 72.20% 72.60% 75.30% 73.70% 75.10% 72.30% 73.00% 69.90%

Black Alone 13.20% 14.30% 12.90% 13.70% 13.00% 15.30% 16.40% 12.90%

American Indian Alone 0.50% 0.40% 0.40% 0.40% 0.40% 0.50% 0.40% 1.00%

Asian Alone 3.50% 3.50% 3.10% 3.30% 3.10% 1.90% 2.80% 5.70%

Pacific Islander Alone 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.10% 0.20%

Some Other Race Alone 7.20% 5.70% 5.10% 5.60% 5.10% 7.00% 4.30% 6.90%

Two or More Races 3.40% 3.40% 3.20% 3.30% 3.20% 3.00% 3.00% 3.40%

Hispanic Origin (Any Race) 26.10% 23.90% 20.90% 22.90% 20.90% 22.60% 25.90% 18.30%

7.3 Miles

11 Miles

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SUBJECT

The property is connected with the major road systems that connect Lakeland with the rest of Florida.

M A R K E T A R E A M A P

85,000 cars/day

CD McIntoshPower Plant

Lake Gibson

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16,000 cars/day

87,000 cars/day

9,100 cars/day

97,918 cars/day

9,400 cars/day

36,000 cars/day

95,500 cars/day

11,200 cars/day

13,700 cars/day

T R A D E A R E A M A P

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4 Miles

6 Miles

The trade area is highlighted by Florida Polytechnic University, the newest of Florida’s public institutions.

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85,000 cars/day

13,700 cars/day

9,100 cars/day

11,200 cars/day

87,000 cars/day

9,100 cars/day

97,918 cars/day

SUBJECT

N E I G H B O R H O O D A E R I A L

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The neighborhood is dominated by industrial and service businesses, including several new tilt-wall warehouse projects.

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SR 33

I-4

85,000 cars/day

13,700 cars/day

SUBJECT

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The subject property has full access via SR 33, and major exposure on I-4.

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SR 33

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I-4

85,000 cars/day

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The property has approximately 15.50 acres of upland property (subject to topographic survey).

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SR 33

I-4

Site Aerial

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I-4

Lakeland

B U I L D I N G I N F O R M AT I O N

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Description Total:

Acres 19.55 +/- acres

Upland Acres 15.50 +/- acres

Square Foot 6,800 +/- SF

Actual Year Built 1986

Wall Structure Steel

Business Park Center (BPC-1 & BPC-2)

T he purpose of the BPC-1 district is to provide areas for office and

business park development. The BPC-1 district permits office, research and development parks, distribution centers and wholesaling activities. Some retail uses are also permitted to support the businesses and activities within the Business Park Center.

T he purpose of the BPC-2 district is to provide areas for light-

industrial activities. The BPC-2 district permits light manufacturing, fabrication, assembly, distribution and wholesaling activities, and some retail uses to support the businesses and activities within the Business Park Center.

F U T U R E L A N D U S E

BPC-1(2)

RS-1

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S R D c o m m e r c i a l . c o m

CBC Saunders Ralston Dantzler Realty877.518.5263

114 N. Tennesee Ave.Lakeland, FL 33801