$599,000 or $11/SF Lease 3 Suites totaling 9,765 +/- SF S. Pipkin Rd. Lakeland, FL Office Condominiums in Parkway Commerce Center
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1 4175 S. Pipkin Rd. Lakeland, FL Office Condominiums in Parkway Commerce Center $599,000 or $11/SF Lease 3 Suites totaling 9,765 +/- SF Drane Field Rd. S. Pipkin Rd. Waring Rd. Gary Ralston, CCIM, CRE Gary@SRDcommercial.com David Hungerford DHungerford@SRDcommercial.com David A Goffe, CCIM DGoffe@SRDcommercial.com
2 Parkway Commerce Center Location The subject is located in the Parkway Commerce Center office condominium building located in the Parkway Corporate Park on South Pipkin Road. Over 37,000 people within a 3 mile radius Median Household Income of $52,000 is 19% better than Polk County Many of Lakeland s top Employers are nearby including: Publix Headquarters (1.4 miles) GEICO (1.5 miles) Lakeland Linder Regional Airport (1.3 miles) Site/Building Subject is less than a mile from the Polk Parkway (SR 570) Owner will sell/lease suites separately
3 Executive Summary Site Address: 4175 S. Pipkin Rd. Lakeland, FL County: Polk Suites: 204, , Square Footage: ,115 +/- SF : 6,054 +/- SF 204: 1,596 +/- SF Total: 9,765 +/- SF Property Use: Office Condominium Fees: Traffic Count: Price: Annual Dues: $23, (+/- $2.45 per SF) Annual Property Tax: $5, (+/- $0.59 per SF) 10,000 on Waring Rd. $599,000 (owner will sell/lease suites separately) or $11/SF modified gross lease (TI allowance included)
4 Regional Location Map Orlando Lakeland Tampa
5 Location Map Close proximity to: 1. SR 570 and I-4 2. Corporate Publix 3. Lakeland Linder Regional Airport Manufacturing Lakeland Plant City Warehouse Winter Haven Headquarters
6 1, 2, 3 mile radius 5 & 10 minute drive
7 Benchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Polk FL US Population 2,500 12,299 37,245 1,762 32, ,909 20,108, ,580,626 Households 1,006 5,150 15, , ,058 7,858, ,786,233 Families 667 3,437 10, , ,952 5,083,223 80,307,260 Average Household Size Owner Occupied Housing Units 767 3,445 10, , ,596 4,936,146 76,427,142 Renter Occupied Housing Units 239 1,705 5, ,802 81,462 2,922,303 45,359,091 Median Age Trends: Annual Rate Population 0.80% 1.91% 1.56% 2.45% 1.45% 1.18% 1.29% 0.84% Households 0.69% 1.81% 1.41% 2.26% 1.27% 1.07% 1.21% 0.79% Families 0.59% 1.75% 1.38% 2.45% 1.26% 1.00% 1.13% 0.72% Owner HHs 0.54% 1.87% 1.42% 2.31% 1.31% 0.97% 1.09% 0.73% Median Household Income 0.93% 2.30% 2.48% 1.20% 2.59% 2.79% 2.52% 1.89% Households by Income <$15, % 8.00% 10.60% 6.50% 11.40% 13.93% 13.40% 12.50% $15,000 - $24, % 11.90% 12.90% 12.30% 13.10% 12.75% 11.60% 10.09% $25,000 - $34, % 12.90% 13.70% 13.60% 13.40% 12.54% 11.54% 10.06% $35,000 - $49, % 14.20% 14.60% 16.30% 14.90% 16.14% 14.66% 13.31% $50,000 - $74, % 21.40% 20.70% 22.50% 20.90% 19.78% 18.49% 17.68% $75,000 - $99, % 12.10% 10.80% 13.00% 10.70% 11.33% 10.95% 12.28% $100,000 - $149, % 11.80% 10.70% 10.40% 10.60% 8.98% 11.29% 13.44% $150,000 - $199, % 3.30% 2.80% 2.40% 2.50% 2.40% 3.99% 5.29% $200, % 4.40% 3.30% 2.90% 2.40% 2.16% 4.08% 5.36% Median Household Income $44,363 $52,313 $47,677 $50,897 $46,268 $43,856 $48,377 $54,149 Average Household Income $58,216 $72,488 $65,401 $66,216 $61,931 $59,091 $69,330 $77,008 Per Capita Income $23,852 $29,895 $27,259 $25,381 $25,749 $22,615 $27,618 $29,472 Population by Age % 5.50% 5.60% 5.40% 5.80% 6.12% 5.40% 6.19% % 5.50% 5.60% 5.70% 5.80% 6.11% 5.53% 6.33% % 5.80% 5.80% 6.10% 5.90% 6.23% 5.69% 6.46% % 5.50% 5.50% 5.80% 5.50% 6.09% 5.85% 6.55% % 5.50% 5.50% 5.70% 5.40% 6.17% 6.56% 7.09% % 12.30% 12.30% 12.90% 12.60% 12.37% 12.83% 13.64% % 11.90% 11.50% 12.70% 11.70% 11.56% 11.93% 12.62% % 12.40% 12.40% 13.40% 12.60% 12.23% 13.34% 13.27% % 13.80% 13.60% 13.30% 13.40% 13.00% 13.37% 12.82% % 11.70% 12.00% 10.00% 11.60% 11.61% 10.90% 8.76% % 6.70% 6.90% 6.20% 6.70% 6.21% 6.03% 4.35% % 3.40% 3.20% 2.70% 2.90% 2.30% 2.59% 1.92% Race and Ethnicity White Alone 84.00% 82.80% 81.40% 84.90% 80.90% 72.91% 73.36% 70.52% Black Alone 7.10% 8.60% 9.30% 6.10% 10.00% 15.39% 16.38% 12.79% American Indian Alone 0.40% 0.40% 0.40% 0.50% 0.40% 0.46% 0.40% 0.97% Asian Alone 1.70% 1.90% 1.70% 1.80% 1.70% 1.84% 2.77% 5.46% Pacific Islander Alone 0.00% 0.00% 0.10% 0.10% 0.10% 0.07% 0.07% 0.19% Some Other Race Alone 4.80% 3.60% 4.20% 4.80% 3.90% 6.46% 4.12% 6.76% Two or More Races 1.80% 2.70% 2.90% 1.90% 3.00% 2.88% 2.90% 3.32% Hispanic Origin (Any Race) 15.20% 15.20% 16.90% 15.40% 16.60% 21.08% 25.07% 17.92%
8 Market Area Manufacturing 125,500 16,100 31,000 Warehouse 28, New Homes 4 miles 39,000 Headquarters 14,700 29,000 40,500 6 miles
9 Trade Area 28, New Homes 39,000 Headquarters 10,000 3 miles 14,700 29,000 19,000 Lunn Road 4 miles
10 Neighborhood Aerial Waring Rd. Waring Rd. S. Pipkin Road Recently Available TSS The Service Solution New 120,000 SF Building
11 Site Aerial
12 Floor Plan Suites ,115 SF Suites ,054 SF Suites 204 1,596 SF
13 Office Condominiums
14 Office Condominiums
15 Corporate Headquarters 3300 Publix Corporate Parkway, Lakeland, FL ,000 SF headquarters office building Over 2,000 employees Departments include: Benefits Corporate Purchasing Facilities Finance Human Resources Information Technology Legal & Risk Management Loss Prevention Marketing Public Affairs Real Estate Strategy Support
16 Situated in the heart of Florida along the I-4 corridor Lakeland Linder Airport is midway between Tampa and Orlando, with easy access to I-4 via the Polk Parkway. The Lakeland Airport is owned and operated by the City of Lakeland. 1,700 Acres 1 Million square feet of facilities 8,500 foot runway More than 100,000 Aircraft Operations a year Sun 'n Fun Fly-In Central Florida Aerospace Academy and Polk State College Aerospace FAA Part 139 Certificated Airport Aircraft Rescue Firefighting (ARFF) Index B Services, Index C Services available on Request Recent addition! NOAA s Hurricane Hunters have relocated to the Lakeland Airport, occupying 106,800 SF and bringing 100 new jobs to Lakeland
17 The Lakes at Laurel Highlands Now under construction 600+ homes as well as townhomes Starting at $184,000
18 New Warehouses The Ruthvens have recently completed two warehouses, 200,000 SF of new space, on Drane Field Rd near the subject. 114 N. Tennessee Ave., 3rd Floor Lakeland, FL SRDcommercial.com
19 Polk Parkway Full Interchange Westbound On Ramp Westbound Exit Ramp Eastbound Exit Ramp Eastbound On Ramp Full access east and west to Polk Parkway 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 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.
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