5450 Commercial Blvd Winter Haven, FL 33880-1031

Property Details for 5450 Commercial Blvd

Year built

2003

Lot size

1.31 lot acres

Property size

15,447 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

252823000000031080

APU

252823000000031080

Description

This ±15,450 square foot warehouse, located at 5450 Commercial Blvd in Winter Haven, Florida (zip code 33880), presents a compelling investment opportunity. Built in 2003 and extensively renovated in 2023, the property sits on a 1.31-acre lot and boasts 13 grade-level loading docks. The warehouse features a desirable 14'-16' clear ceiling height, ample parking, and metal construction, ensuring durability and functionality. Current tenants operate under short-term leases at below-market rates, offering significant potential for increased net operating income (NOI) through lease restructuring or repositioning. The strong local market, characterized by low vacancy rates and high demand, further enhances the property's value. With limited new industrial development in the area, rental rates are exceeding metro averages. The surrounding 5-mile radius demonstrates robust demographics, including a population of 96,593 residents, an average household income of $63,354, and over $1.1 billion in consumer spending. The property's below-replacement cost further underscores its investment appeal, considering current high industrial development costs nearing $200 per square foot in comparable markets. This is a rare opportunity to acquire a high-quality, well-maintained industrial asset in a thriving market.