Property profile

5370 Allen K Breed Hwy Lakeland, FL 33811

FOR LEASE
Outlet malls
Property ID
US18-7130281
492,960 SF 22.09 ac lot Built 2019
Entity Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Lakeland, Florida industrial property, located at 5370 Allen K Breed Hwy, 33811, offers 567,929 square feet of vacant space across two state-of-the-art buildings. Building 200 provides 218,000 square feet, while Building 300 offers 349,929 square feet, both boasting 36' clear ceiling heights and ESFR sprinkler systems. These first-generation buildings feature built-out office space and are ready for immediate occupancy. Extensive amenities include off-dock trailer parking and an adjacent parking yard with 142 spaces. The property's strategic location provides easy access to Interstate-4 and the Polk Parkway, placing it within an hour's drive of both Orlando and Tampa. This prime location in Polk County, a rapidly expanding industrial market, offers a diverse workforce and unparalleled highway access. The property sits on 4.64 acres of land and is ideally suited for multiple tenants. Its proximity to major transportation arteries ensures efficient distribution to a vast consumer base, within an eight-hour drive of 45.5 million people. This is a rare opportunity to secure high-quality industrial space in one of the nation's fastest-growing markets.

Property profile

Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2019
Total area 492,960 SF
Lot 22.09 ac (962,240 SF)
APN 232830138037000020
UPID US18-7130281

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5370 Allen K Breed Hwy Lakeland, FL 33811
Lakeland metro Census 12004 LAKELAND, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$74.12M
Blend (final) Blend
$55.10M

Owner & transaction history

since 2023
2 recorded transactions
2023
Price N/A
2022
$53.5M

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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