The wide ranges of investing in commercial real estate has never been more exciting. Florida has some amazing commercial properties available across the state. Investment Properties can naturally have a distinctive advantage due to their their location. A Miami Net Lease Investment can have a completely different Cap Rate than an Office in Orlando. With that being said there are Orlando Office Buildings for sale which can have a breakthrough on property uses. For example let’s say you need some Office space for your Business. Now you might only need about 3000 square feet of space. Therefore if you buy an Office Building in Orlando, you can lease out the remainder of space and get some additional income coming in.
An Investor can also see results by changing the layout of the Offices. You might get phenomenal income with uses cubicles in workstations. There are many types of Startups which do not require multiple closed or separate walled in Offices. The forward thinking startup companies are blending all the staff together on a floor. This could give the Investor extra income as the space is wide open. The option to remove interior walls can give more square footage to lease out.
We have some Property information below which is no longer Listed. If this example is something similar to what can benefit you, well contact us. We can offer you solutions with current Florida Commercial Real Estate Listings.
Contact us for similar Commercial Properties For Sale in Florida.
O’Reilly Commercial Realty LLC
Phone: (352) 237-2222
National Media Company | 17 Yr NNN Lease Investment
|Price estimated||$19,926,582||Property Use Type||Net Lease Investment with 10+ years left on lease|
|Building Size||181,720 SF||Cap Rate||8%|
|Price per SF||$109.66||Tenancy||Single|
|Property Type||Retail||Lot Size||17.10 AC|
|Property Sub-type||Retail (Other)|
Description of Lakeland Commercial Property
The subject commercial property is a 181,720 – Square Foot office building located in Lakeland, Florida. The property was 100 percent leased to New Media Investment Group which is doing business as The Ledger. New Media Investment Group is on a 20 year absolute net lease which commenced in September of 2012 leaving approximately 18 years remaining on the initial lease term.
The lease provides for 2.50 percent annual rent increases during the initial 10 years of the lease term and 2.10 percent annual rent increases throughout the second 10 years of the initial lease term. Rent increases by 2.30 percent annually during the two 10-year renewal options. New Media Investment Group is one of the largest publishers of locally based print and online media in the United States as measured by the number of daily publications operating in over 370 markets across 27 states.
This Net Leased Investment Property is located at the intersection of West Lime Street and Sikes Boulevard, the subject property is positioned along one of the area’ s main traffic corridors with daily traffic counts exceeding 28,000 vehicles. The vehicle traffic provides a great source of customers for property here.
Ideally positioned in Central Florida, the City of Lakeland is surrounded by Florida’ s legendary attractions including Disney, Universal Studios, Sea World, Busch Gardens and Legoland. Conveniently located with easy access to Orlando and the Atlantic Ocean to the east and Tampa and the Gulf of Mexico to the west, it is less than a one hour drive to two international airports. Over 8.5 million people live within a one hundred mile radius of Lakeland.
Highlights of Florida Property Listing
- 17 Years Remaining on Initial Lease Term | Annual Increases
- Absolute Net Lease – No Landlord Responsibilities
- New Media Investment Group (NYSE: NEWM) – One of the Largest Publishers of Locally Based Print and Online Media in the U.S.
- Located Immediately North of Southern Florida College – A Private Institution Home to Over 2,000 Enrolled Students
- Densely Populated Area – Over 133,000 Residents Within a Five Mile Radius
- Located within a 100 Mile Radius of 8.5 Million Residents
Commercial Property Financial Summary (Actual)
|Net Operating Income||$1,555,245|
Lakeland, Florida 33801 (Polk County)
This information was uncovered and is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. The information typed above is provided for consumer personal, solely to identify potential properties for potential purchase.