Village Center Drive Lakeland, FL 33803

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1 CONDO/TOWNHOME SITE FOR SALE Grasslands West Village Center Drive Lakeland, FL Harden Blvd ,500 cars/day 570 Polk Parkway FEATURES $2,800,000 $2,100, /- acres One of Lakeland s premium new addresses and right next door to Grasslands Golf & Country Club Condo/townhome site immediately adjacent to the 312-unit Town Center Apartments at Lakeside Village, The Lakeside Village Mall, and Grasslands; one of the very best locations in all of Lakeland This unfinished site (some of which fronts on holes 15 and 16 of the adjacent golf course) is subject to an existing PUD and is pre-approved for 102 two-story condo/townhomes (subject to entitlements and approvals) FOR MORE INFORMATION CONTACT: Eric Ammon, CCIM Direct EAmmon@SRDcommercial.com

2 Grasslands West Lakeland, FL Coldwell Banker Commercial Saunders Ralston Dantzler & Saunders Real Estate are very pleased to present Grasslands West. Grasslands West is a /- acre condo/townhome site immediately adjacent to the 312-unit Town Center Apartments at Lakeside Village, The Lakeside Village Mall, and one of the very best addresses in Lakeland; Grasslands. This unfinished site (some of which fronts on portions of the adjacent golf course) is subject to an existing PUD and is pre-approved for 102 condo/townhomes; subject to entitlements and approvals. The entire site is being offered for sale for $2,800,000. Grasslands Golf & Country Club was established in 1990 as a truly private, upscale, family oriented country club within the Oakbridge Community in Lakeland. The 18-hole course was designed by Jerry Pate and Bob Cupp, and was restored and updated by Jerry Pate in In addition to world class golf facilities, the club also offers both swimming and tennis facilities to its members. All of the facilities are extremely well-maintained by its current owner, the Drummond Company of Birmingham, Alabama. This is evidenced by the many weddings, rehearsal dinners, parties, and anniversaries hosted at the property. Grasslands West, like Grasslands, will also enjoy all of the entertainment, restaurant, and shopping amenities that will make this a sought after address for those who chose to reside in Lakeland. The property is just minutes from the Lakeside Village Mall, the Oakbridge Publix Shopping Center, downtown Lakeland, and the Polk Parkway Interchange. It is also within in a very short drive to I-4, making this an ideal address and location for an upscale condominium or townhome project. Subject Harden Blvd. Polk Parkway Lakeland Linder Airport

3 Proposed Site Plan Grasslands West Lakeland, FL Due-diligence items presently available: While the owner is not warranting or representing any of their earlier due-diligence materials, they are asking that you make it a part of your formal due-diligence review prior to the submittal of any offers. All of these items can be found on our website. Please also note that once construction commences, the property will need to make quarterly payments to the Oakbridge Homeowners Association to cover lake maintenance, irrigation, landscaping, and other items. 1. PUD Zoning Ordinance 4841 note the Grasslands tract is referred to in the ordinance as the Golf Condo land. 2. Survey dated 11/13/06 last updated 6/26/08 3. Aerial outlining tract 4. Grasslands West plat Engineering Plans for information only 6. Document wetlands mitigation area 7. 9/5/2007 Subsoil Report for information only 8. 8/9/2006 Preliminary Geotech report for information only 9. 7/15/2006 Phase I environmental report for information only 10. 6/19/ Cost Sharing and Easement Agreement

4 Grasslands West Lakeland, FL This is a beautiful site in a great market with strong fundamentals! S Your proximity to the Lakeside Village Mall is measured in feet. Quick facts about Lakeside Village In addition to the 60+ stores, the 560,000 +/- SF Lakeside Village shopping center also offers over 40,000 +/- SF of Class A office space. Primary trade area population - 128,844 Daytime population - 121,460 Median age - 39 Household Income - $51,575 Average Household Income - $61,306 Household Incomes above $50,000 / 45.2% Key Tenants: Belk, Kohl s, Cobb Theatre, Bed Bath & Beyond, Books-a-Million, Abuelo s, and the Loft. Traffic Counts: Harden Blvd. 32,500 / Polk Parkway 17,000 / I-4 109,000.

5 Grasslands West Lakeland, FL The 312-unit Alexan Apartments (which are now known as the Town Center Apartments at Lakeside Village) abut the Lakeside Village Mall. These apartments were recently sold to a third party buyer for $46,000,000. This three-story wood-frame construction property was built by Trammell Crow Residential, and was opened December of The property averaged 1,005 +/- SF per apartment, was in excess of 97% occupancy at closing, and was achieving rents in excess of $1.26 per foot based upon its most recent quarter of leasing activity. This 2015 sale reflects a per unit average in excess of $147,000 per unit and a per-square foot average slightly over $146 per foot. Recent overall home sales in Grasslands have outpaced the market with the average individual home sale price exceeding $410,000; some were exceeding $900,000. The mall itself is about 560,000 +/- SF, and is also doing very well. The mall is 96% occupied and generating reported sales volume in excess of $400 per foot. In-line store rent is reportedly approaching $24 per square foot, triple net. The car count on nearby Harden Blvd. is in excess of 32,500 cars per day. In addition to Lakeland s strong employment base, quite a few other real estate projects have recently been announced or completed. These include Amazon s new 1 MM +/- SF fulfillment center, FedEx s recent announcement of its 300,000 +/- SF distribution center in nearby Davenport, O Reilly Auto Parts 380,000 +/- SF distribution center, Rooms-to-Go s 300,000 +/- SF expansion, and the new CSX Intermodal Terminal at full completion will have as much as 8 MM +/- SF. Southern Wine & Spirits is adding another 440,000 +/- SF to its existing facilities as well. Town Center Apartments at Lakeside Village

6 Grasslands West Lakeland, FL Why Lakeland? Lakeland is in the center of 8.6 million people living and working within a 100 mile radius. We are 33 minutes to Tampa (58,000 employees) and 44 minutes to Orlando (69,000 employees), respectively the 21st and 26th largest MSA s in the country. Lakeland has over 28 MM +/- SF of warehouse space, making it a distribution hub for Central Florida. Publix, Pepsi, Pepperidge Farms, and Mission Foods have over 2.3 MM +/- SF of combined manufacturing facilities located in Lakeland. Flagler Development has announced plans for Lakeland Central Park, which is planned for 5.5 MM +/- SF of industrial, 650,000 +/- SF of office, 225,000 +/- SF of retail, and 300 residential units. There are also 125 proposed hotel rooms, all to be located approximately 3 miles NW of Lakeside Village. Florida Polytechnic opened in August of 2014, with approximately 550 students as a STEM University within the State University System, and is planning to grow over time to a student body of 10,000. LMRC is breaking ground on a $250 million dollar expansion to add a 300,000 +/- SF Medical Pavilion. Lakelands Top Ten Employers: Publix with 8,063 Lakeland Regional Health Care with 4,540 City of Lakeland with 2,600 Geico with 2,300 Watson Clinic with 1,600 Sykes with 1,150 GC Services with 1,000 Rooms-to-Go with 900 Saddle Creek Logistics with 680 Stryker with 600 Publix is headquartered in Lakeland and they have been, and continue to be, a driving force throughout the entire Southeastern United States with approximately 170,000 employees. Publix is the largest employer in all of Florida and had reported revenues of $28.9 billion, placing them among the Fortune 100, while also placing them among the top ten private employers in the entire United States. Publix, Geico, Rooms-to-Go, Amazon, and the Lakeland Regional Medical Center are each 15 minutes by car from Grasslands West. Other notable employers and market drivers are as follows; Lockheed Martin with 350 local employees Florida Southern College with 2,192 students and 451 employees Downtown Lakeland houses 2 MM +/- SF of commercial space and has over 6,500 employees Southeastern University has 3,083 students and 400 employees

7 Grasslands West Lakeland, FL US Hwy 92 Grasslands 563 Downtown Lakeland Subject Corporate Lakeland Regional Airport Lakeside Village Regional Office South Fla. Ave. 570 Polk Parkway Significant Employers and Colleges near Grasslands West US Hwy 98 Publix Super Markets Corporate Headquarters 1 Mile 2 Miles 3 Miles 5 Minutes 10 Minutes Population 3,608 20,251 46,690 1,855 18,378 Households 1,901 9,132 20, ,412 Average HH Income $69,871 $53,833 $56,996 $72,127 $54,216

8 Grasslands West CONDO/TOWNHOME SITE FOR SALE Village Center Drive Lakeland, FL Nearby Assets Lakeside Village Town Center Apartments at Lakeside Village Publix Corporate Headquarters Amazon Fulfillment Center Grasslands Golf Course at Grasslands Your Access Point to Grasslands West 80,000 +/- SF Under Construction on Harden 2015 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 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.