PROPERTY FOR LEASE - LoopNet€¦ · PROPERTY FOR LEASE 1,500 +/- SF of Office Space in Downtown...

SRD

comm

ercial.com | 877.518.5263

PROPERTY FOR LEASE1,500 +/- SF of Office Space in Downtown Lakeland1018 Oleander Street, Lakeland, FL 33801$11/SF Modified Gross

Central Glass Co.

Subject3,100cars/day

N Ingraham

Ave

CSX

CSX

E Oak Street

Mabel Ave

N Ingraham

Ave Oleander StreetOleander Street

GeneralStore

http://srdcommercial.com

SRDcommercial.com | 877.518.5263 page | 2

TABLE OF CONTENTS

Agent Information 3-4Executive Summary 5Property Highlights 6Regional Location Map 7Location Map 8Demographics 9-11Market Area 12Trade Area 13Neighborhood Aerial 14Site Aerial 15Floor Plan 16Building Information 17Utilities 18Zoning / FLU Information 19-22Permitted Uses Table 23-27Confidentiality & Disclaimer 28


AGENT INFORMATION


AGENT INFORMATION

Disciplines:

• Multi-family Properties

• Mobile Home Parks (MHP)

• Small- to Mid-sized Offices

• Industrial Properties with an REO Asset Liquidation Concentration.

Greg Smith is the multi-family specialist at Coldwell Banker Commercial Saunders Ralston Realty, LLC (CBCSRD), whose primary emphasis is on mobile home parks and campgrounds. In addition, he specializes in small- to mid-sized office and industrial properties with an REO asset liquidation concentration.

Born in Savannah, GA and raised in Ocala, FL, Greg studied business administration at The College of Central Florida. After a successful 20-year automotive career in sales and finance, he retired from his sales manager position at Jarrett Ford Automotive Group and pursued new interests in real estate. In 2007, Greg obtained his commercial real estate license.

He is currently a member of the Lakeland Association of Realtors® (LAR), Florida Realtors®, and the National Association of Realtors® (NAR).

Greg currently serves for his third year as the Chairman of the Commercial and Industrial Division (CID) of LAR and served on the association’s board of directors, as well as being the past board of director of the Lakeland Christina Rotary Club.

Greg resides in Lakeland, FL with his wife and son. Family interests include scuba diving, instructing Tae-Kwon-Do, and a love of hunting, fishing, and traveling.

Greg SmithSales Associate

Contact Information:[email protected]

863.774.3542


AGENT INFORMATION


AGENT INFORMATION

Disciplines:

• Industrial Properties

• Building Analysis

• Space Planning

• Development Feasibility

Awards:

• 2011 - CBC EBT Rookie of the Year

• 2016 – Realtor of the Year

Kyle VreelandSales Associate

Kyle is the industrial and office real estate specialist at Coldwell Banker Commercial Saunders Ralston Dantzler Realty.

He is a recognized subject matter expert on industrial/office properties in Polk County. He also leads the company’s consulting practice in the areas of building analysis and space planning, as well as development feasibility including architecture and construction.

From 2003 to early 2010 Kyle was a partner of Smithland Development and Chiefland Properties in Lakeland. As the managing partner, he led the acquisition and development programs, including design and permitting. Kyle was also responsible for supervision of construction, leasing and property management.

He has over twenty years of experience in design and construction in Polk County, including tenure with Furr&Wegman Architects, Rodda Construction, and Straughn Trout Architects.

Kyle is an honors graduate of the Florida A&M School of Architecture, and has participated in master’s post-graduate studies at the University of South Florida.

Positions:

• President Elect and Treasurer of the Lakeland Association of Realtors (2015-2017)

• Member of the Lakeland Rotary Club

• Former member of Historic Preservation Board of Lakeland

• Active member of All Saints’ Episcopal Church

• Member of the Asian Real Estate Association of America (AREAA)

• Polk Theatre Trustee and Chairman of the Board

Contact Information:[email protected]

863.877.2838



Site Address: 1018 Oleander StreetLakeland, FL 33801

County: Polk

PIN (Property Identification Number): 24-28-18-205000-001110

Land Size: 0.57 +/- acres

Building Size: 4,870 +/- SF (Available Space 1,500 +/- SF)

Year Built: 1985

Property Use: One story office

Utilities: Water & Sewer (City of Lakeland)

Zoning: I-1: Light Industrial (City of Lakeland)

Taxes: $7,615.80 (2016)

Price: $11/SF Modified Gross

EXECUTIVE SUMMARY



Location• Subject property located on Oleander Street near Downtown Lakeland• Proximity to I-4, the Polk Parkway (SR 570), US 98 (Bartow Road) and US 92 (Memorial Blvd.)• Great population density...almost 30,000 people within 2 miles and 73,000 within 3 milesSite/Building• Concrete wall structure built in 1985 with a current property use of a one story office• 0.57 +/- acres with 4,870 +/- SF (1,500 +/- of Leaseable Space)• 3,100 cars/day on N Ingraham Ave.Political/Legal• Zoned I-1: Light Industrial by the City of Lakeland with a Future Land Use of Business Park • Zoning permits the establishments of business park uses and a limited range of industrial uses along with retail and service commercial uses that support business park and industrial employment centers• Future Land Use intensity is within the Central City Transit Supportive Area which will allow a wide range of land uses at higher densities and intensities than normally permitted

PROPERTY HIGHLIGHTS



REGIONAL LOCATION MAP

Orlando

Lakeland

Tampa

Subject

Subject property located within the Lakeland-Winter Haven MSAProximity to I-4, the Polk Parkway (SR 570), US 98 (Bartow Road) and US 92 (Memorial Blvd.)



LOCATION MAP

Subject property located on Oleander Street Close proximity to US 98 (Bartow Road) and US 92 (Memorial Blvd.)

LOCATION MAP

Lakeland

Subject



1, 2, 3 mile radius

DEMOGRAPHICS MAP



DEMOGRAPHICS MAP

5 & 10 minute drive



DEMOGRAPHICSBenchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Polk FL USPopulation 8,837 29,814 72,951 12,630 75,580 662,431 20,619,313 327,514,334Households 3,595 11,368 28,017 4,860 28,797 247,585 8,064,657 123,158,887Families 1,644 6,147 16,412 2,438 17,017 172,355 5,223,357 81,106,685Average Household Size 2.13 2.38 2.47 2.29 2.50 2.62 2.50 2.59

Owner Occupied Housing Units 1,070 4,378 13,207 1,674 13,482 163,764 5,071,790 77,207,043Renter Occupied Housing Units 2,526 6,990 14,810 3,186 15,314 83,821 2,992,867 45,951,844Median Age 35.1 35.1 36.8 35.2 36.4 41.3 42.2 38.2

Trends: 2015 - 2020 Annual RatePopulation 1.22% 0.71% 0.86% 1.10% 0.89% 1.28% 1.36% 0.83%Households 1.14% 0.67% 0.79% 1.12% 0.82% 1.19% 1.30% 0.79%Families 1.04% 0.53% 0.68% 0.93% 0.72% 1.13% 1.25% 0.71%Owner HHs 1.10% 0.49% 0.53% 0.87% 0.55% 1.09% 1.19% 0.72%Median Household Income 1.17% 1.23% 1.24% 1.41% 1.26% 2.46% 2.13% 2.12%

Households by Income<$15,000 26.50% 21.30% 17.90% 23.70% 18.30% 12.30% 12.00% 11.50%$15,000 - $24,999 19.70% 16.90% 17.40% 17.20% 17.20% 12.90% 11.70% 10.00%$25,000 - $34,999 11.50% 12.20% 13.80% 11.40% 13.90% 12.20% 11.10% 9.70%$35,000 - $49,999 14.50% 15.30% 16.20% 15.40% 15.80% 16.20% 14.60% 13.10%$50,000 - $74,999 13.50% 17.00% 17.60% 15.50% 17.80% 19.80% 18.70% 17.80%$75,000 - $99,999 7.20% 8.50% 7.80% 8.50% 8.00% 12.10% 11.70% 12.40%$100,000 - $149,999 4.60% 5.60% 5.60% 5.80% 5.50% 9.20% 11.50% 13.90%$150,000 - $199,999 1.70% 1.70% 1.70% 1.70% 1.70% 2.70% 4.30% 5.70%$200,000+ 0.60% 1.50% 2.00% 0.80% 1.90% 2.50% 4.60% 6.10%

Median Household Income $27,651 $34,534 $35,596 $32,480 $35,426 $45,704 $50,606 $56,124Average Household Income $41,502 $48,421 $50,480 $45,293 $49,934 $61,763 $72,632 $80,675Per Capita Income $18,450 $20,143 $20,441 $19,258 $19,997 $23,623 $28,921 $30,820

Population by Age0 - 4 6.00% 6.30% 6.80% 5.90% 6.90% 6.00% 5.30% 6.10%5 - 9 5.50% 5.90% 6.30% 5.60% 6.40% 6.10% 5.50% 6.30%10 - 14 5.00% 5.70% 6.00% 5.30% 6.10% 6.10% 5.60% 6.30%15 - 19 8.30% 8.20% 7.20% 8.40% 7.20% 5.90% 5.70% 6.40%20 - 24 10.70% 10.00% 8.30% 10.30% 8.20% 6.00% 6.40% 7.00%25 - 34 14.30% 13.80% 13.50% 14.30% 13.70% 12.60% 13.10% 13.80%35 - 44 11.10% 10.60% 10.70% 11.10% 10.80% 11.40% 11.80% 12.50%45 - 54 12.10% 11.40% 11.10% 11.90% 11.10% 12.00% 13.00% 13.00%55 - 64 11.80% 11.90% 11.90% 13.00% 11.90% 13.10% 13.50% 12.90%65 - 74 7.90% 8.50% 9.90% 8.00% 9.70% 12.00% 11.30% 9.20%75 - 84 4.50% 4.80% 5.50% 4.10% 5.40% 6.40% 6.20% 4.40%85+ 2.70% 3.00% 2.80% 2.00% 2.60% 2.40% 2.70% 2.00%

DEMOGRAPHICS

GreatPopulation

Density



MARKET AREAMARKET AREA

4.5 miles

3 miles

31,000cars/day

38,500cars/day

26,500cars/day

27,500cars/day

38,500cars/day

33,000cars/day

33,000cars/day

39,500cars/day

23,500cars/day

27,000cars/day26,000

cars/day

21,000cars/day

29,000cars/day

103,500cars/day

25,500cars/day

R.W. BlakeAcademy

LakelandHigh School

Grace CityChurch

Subject

15,500cars/day

Lake Parker

40,000cars/day

EmploymentOffice



TRADE AREA

7 miles

5.5 miles

2 miles

3 miles

Subject

26,500cars/day

15,500cars/day

20,100cars/day

7,800cars/day

40,000cars/day

27,500cars/day

38,500cars/day

33,000cars/day

26,500cars/day

31,000cars/day

38,500cars/day

33,000cars/day

29,000cars/day

Lake Parker

NavisPack & Ship

Rochelle Schoolof the Arts

High Standards 4x4

29,000cars/day



NEIGHBORHOOD AERIAL

Central Glass Co.

Subject3,100cars/day

N Ingraham

Ave

CSX

CSX

E Oak Street

Mabel Ave

N Ingraham

Ave

Oleander StreetOleander Street

GeneralStore



SITE AERIAL

3,100cars/day

Subject

N Ingraham

Ave

Access PointOleander Street

CSX



FLOOR PLAN

Conference Room

Office

OfficeOffice

ServerRoom Office

Res

troom

LobbyEntrance



BUILDING INFORMATION

BuildingsBUILDING 1 (1501 - OFFICE BUILDING)

Building Characteristics

Total Under Roof: 5,030 sqftLiving Area (as originally constructed) 4,870 sqft

Actual Year Built: 1985Effective Year: 1995Wall Structure: CONCRETE (M &S CRNT MULTIPLIER)



UTILITIES



Subject

Light Industrial - Limited Commercial District (I-1)The intent of the I-1 District is to permit the establishment of business park uses and a limited range of industrial uses along with retail and service commercial uses that support business park and industrial employment centers, subject to limitations established in the Comprehensive Plan. The industrial uses permitted include those which usually have the most limited external impacts. Such uses do not create an appreciable nuisance or hazard. They are generally compatible with non-industrial uses, but they are more tolerable adjacent to non-industrial uses than are more intensive industrial uses.

ZONING



Subject

Business Park (BP)Business Park Centers may be located within the Central City Area, the Urban development Area, and the Suburban Area. A Business Park Center may be located in the Rural Area if it is related to agricultural or natural resources in this area and contingent upon the availability of adequate public facilities and services and the ability of the site to meet additional zoning or performance requirements. A Business Park is intended to provide for the placement of establishments to accommodate employment centers including light assembly, manufacturing, warehouse, distribution, showroom and local and non local office needs of the Planning Area. General characteristics of Business Park

FUTURE LAND USE

Subject



FUTURE LAND USE INTENSITY AREA

Subject



ZONING DISTRICTS/FLU MAP DESIGNATIONS



PERMITTED USES TABLE



©2017 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. ©2017 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.

CONFIDENTIALITY & DISCLAIMER

About Coldwell Banker Commercial Saunders Ralston Dantzler Realty

Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located in Lakeland, Florida and is Florida’s I-4 corridor’s premier commercial real estate firm. We offer unique positioning of properties utilizing our intimate knowledge of local markets, a recognized national brand, and a global reach through our Coldwell Banker Commercial offices worldwide. CBC worldwide achieved $5 billion in investment sales and leasing transactions in 2016.

CBCSRD was founded by three highly-recognized CCIM-designated Florida brokers. The company brings together experts on all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com




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