PROPERTY FOR LEASE 1,500 +/- SF of Office Space in Downtown Lakeland 1018 Oleander Street, Lakeland, FL 33801 $11/SF Modified Gross Mabel Ave General Store CSX Oleander Street E Oak Street Central Glass Co. N Ingraham Ave 3,100 N Ingraham Ave CSX Subject Oleander Street SRDcommercial.com 877.518.5263
TABLE OF CONTENTS Agent Information 3-4 Executive Summary 5 Property Highlights 6 Regional Location Map 7 Location Map 8 Demographics 9-11 Market Area 12 Trade Area 13 Neighborhood Aerial 14 Site Aerial 15 Floor Plan 16 Building Information 17 Utilities 18 Zoning / FLU Information 19-22 Permitted Uses Table 23-27 Confidentiality & Disclaimer 28 SRDcommercial.com 877.518.5263 page 2
AGENT INFORMATION Greg Smith Sales Associate Greg Smith is the multi-family specialist at Coldwell Banker Commercial Saunders Ralston Realty, LLC (CBCSRD), whose primary emphasis is on mobile home parks and campgrounds. In addition, he specializes in small- to mid-sized office and industrial properties with an REO asset liquidation concentration. Born in Savannah, GA and raised in Ocala, FL, Greg studied business administration at The College of Central Florida. After a successful 20-year automotive career in sales and finance, he retired from his sales manager position at Jarrett Ford Automotive Group and pursued new interests in real estate. In 2007, Greg obtained his commercial real estate license. He is currently a member of the Lakeland Association of Realtors (LAR), Florida Realtors, and the National Association of Realtors (NAR). Greg currently serves for his third year as the Chairman of the Commercial and Industrial Division (CID) of LAR and served on the association s board of directors, as well as being the past board of director of the Lakeland Christina Rotary Club. Contact Information: Greg@SRDcommercial.com 863.774.3542 Greg resides in Lakeland, FL with his wife and son. Family interests include scuba diving, instructing Tae-Kwon-Do, and a love of hunting, fishing, and traveling. Disciplines: Multi-family Properties Mobile Home Parks (MHP) Small- to Mid-sized Offices Industrial Properties with an REO Asset Liquidation Concentration. SRDcommercial.com 877.518.5263 page 3
AGENT INFORMATION Kyle Vreeland Sales Associate Kyle is the industrial and office real estate specialist at Coldwell Banker Commercial Saunders Ralston Dantzler Realty. He is a recognized subject matter expert on industrial/office properties in Polk County. He also leads the company s consulting practice in the areas of building analysis and space planning, as well as development feasibility including architecture and construction. From 2003 to early 2010 Kyle was a partner of Smithland Development and Chiefland Properties in Lakeland. As the managing partner, he led the acquisition and development programs, including design and permitting. Kyle was also responsible for supervision of construction, leasing and property management. He has over twenty years of experience in design and construction in Polk County, including tenure with Furr&Wegman Architects, Rodda Construction, and Straughn Trout Architects. Kyle is an honors graduate of the Florida A&M School of Architecture, and has participated in master s post-graduate studies at the University of South Florida. Disciplines: Awards: Contact Information: Kyle@srdcommercial.com 863.877.2838 Industrial Properties Building Analysis Space Planning Development Feasibility Positions: 2011 - CBC EBT Rookie of the Year 2016 Realtor of the Year President Elect and Treasurer of the Lakeland Association of Realtors (2015-2017) Member of the Lakeland Rotary Club Former member of Historic Preservation Board of Lakeland Active member of All Saints Episcopal Church Member of the Asian Real Estate Association of America (AREAA) Polk Theatre Trustee and Chairman of the Board SRDcommercial.com 877.518.5263 page 4
EXECUTIVE SUMMARY Site Address: County: 1018 Oleander Street Lakeland, FL 33801 Polk PIN (Property Identification Number): 24-28-18-205000-001110 Land Size: Building Size: 0.57 +/- acres 4,870 +/- SF (Available Space 1,500 +/- SF) Year Built: 1985 Property Use: Utilities: Zoning: One story office Water & Sewer (City of Lakeland) I-1: Light Industrial (City of Lakeland) Taxes: $7,615.80 (2016) Price: $11/SF Modified Gross SRDcommercial.com 877.518.5263 page 5
PROPERTY HIGHLIGHTS Location Subject property located on Oleander Street near Downtown Lakeland Proximity to I-4, the Polk Parkway (SR 570), US 98 (Bartow Road) and US 92 (Memorial Blvd.) Great population density...almost 30,000 people within 2 miles and 73,000 within 3 miles Site/Building Concrete wall structure built in 1985 with a current property use of a one story office 0.57 +/- acres with 4,870 +/- SF (1,500 +/- of Leaseable Space) 3,100 on N Ingraham Ave. Political/Legal Zoned I-1: Light Industrial by the City of Lakeland with a Future Land Use of Business Park Zoning permits the establishments of business park uses and a limited range of industrial uses along with retail and service commercial uses that support business park and industrial employment centers Future Land Use intensity is within the Central City Transit Supportive Area which will allow a wide range of land uses at higher densities and intensities than normally permitted SRDcommercial.com 877.518.5263 page 6
REGIONAL LOCATION MAP Orlando Subject Lakeland Tampa Subject property located within the Lakeland-Winter Haven MSA Proximity to I-4, the Polk Parkway (SR 570), US 98 (Bartow Road) and US 92 (Memorial Blvd.) SRDcommercial.com 877.518.5263 page 7
LOCATION MAP Subject Lakeland Subject property located on Oleander Street Close proximity to US 98 (Bartow Road) and US 92 (Memorial Blvd.) SRDcommercial.com 877.518.5263 page 8
DEMOGRAPHICS MAP 1, 2, 3 mile radius SRDcommercial.com 877.518.5263 page 9
DEMOGRAPHICS MAP 5 & 10 minute drive SRDcommercial.com 877.518.5263 page 10
DEMOGRAPHICS Benchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Polk FL US Population 8,837 29,814 72,951 12,630 75,580 662,431 20,619,313 327,514,334 Households 3,595 11,368 28,017 4,860 28,797 247,585 8,064,657 123,158,887 Great Families 1,644 6,147 16,412 2,438 17,017 172,355 5,223,357 81,106,685 Average Household Size Population 2.13 2.38 2.47 2.29 2.50 2.62 2.50 2.59 Owner Occupied Housing Units Density 1,070 4,378 13,207 1,674 13,482 163,764 5,071,790 77,207,043 Renter Occupied Housing Units 2,526 6,990 14,810 3,186 15,314 83,821 2,992,867 45,951,844 Median Age 35.1 35.1 36.8 35.2 36.4 41.3 42.2 38.2 Trends: 2015-2020 Annual Rate Population 1.22% 0.71% 0.86% 1.10% 0.89% 1.28% 1.36% 0.83% Households 1.14% 0.67% 0.79% 1.12% 0.82% 1.19% 1.30% 0.79% Families 1.04% 0.53% 0.68% 0.93% 0.72% 1.13% 1.25% 0.71% Owner HHs 1.10% 0.49% 0.53% 0.87% 0.55% 1.09% 1.19% 0.72% Median Household Income 1.17% 1.23% 1.24% 1.41% 1.26% 2.46% 2.13% 2.12% Households by Income <$15,000 26.50% 21.30% 17.90% 23.70% 18.30% 12.30% 12.00% 11.50% $15,000 - $24,999 19.70% 16.90% 17.40% 17.20% 17.20% 12.90% 11.70% 10.00% $25,000 - $34,999 11.50% 12.20% 13.80% 11.40% 13.90% 12.20% 11.10% 9.70% $35,000 - $49,999 14.50% 15.30% 16.20% 15.40% 15.80% 16.20% 14.60% 13.10% $50,000 - $74,999 13.50% 17.00% 17.60% 15.50% 17.80% 19.80% 18.70% 17.80% $75,000 - $99,999 7.20% 8.50% 7.80% 8.50% 8.00% 12.10% 11.70% 12.40% $100,000 - $149,999 4.60% 5.60% 5.60% 5.80% 5.50% 9.20% 11.50% 13.90% $150,000 - $199,999 1.70% 1.70% 1.70% 1.70% 1.70% 2.70% 4.30% 5.70% $200,000+ 0.60% 1.50% 2.00% 0.80% 1.90% 2.50% 4.60% 6.10% Median Household Income $27,651 $34,534 $35,596 $32,480 $35,426 $45,704 $50,606 $56,124 Average Household Income $41,502 $48,421 $50,480 $45,293 $49,934 $61,763 $72,632 $80,675 Per Capita Income $18,450 $20,143 $20,441 $19,258 $19,997 $23,623 $28,921 $30,820 Population by Age 0-4 6.00% 6.30% 6.80% 5.90% 6.90% 6.00% 5.30% 6.10% 5-9 5.50% 5.90% 6.30% 5.60% 6.40% 6.10% 5.50% 6.30% 10-14 5.00% 5.70% 6.00% 5.30% 6.10% 6.10% 5.60% 6.30% 15-19 8.30% 8.20% 7.20% 8.40% 7.20% 5.90% 5.70% 6.40% 20-24 10.70% 10.00% 8.30% 10.30% 8.20% 6.00% 6.40% 7.00% 25-34 14.30% 13.80% 13.50% 14.30% 13.70% 12.60% 13.10% 13.80% 35-44 11.10% 10.60% 10.70% 11.10% 10.80% 11.40% 11.80% 12.50% 45-54 12.10% 11.40% 11.10% 11.90% 11.10% 12.00% 13.00% 13.00% 55-64 11.80% 11.90% 11.90% 13.00% 11.90% 13.10% 13.50% 12.90% 65-74 7.90% 8.50% 9.90% 8.00% 9.70% 12.00% 11.30% 9.20% 75-84 4.50% 4.80% 5.50% 4.10% 5.40% 6.40% 6.20% 4.40% 85+ 2.70% 3.00% 2.80% 2.00% 2.60% 2.40% 2.70% 2.00% SRDcommercial.com 877.518.5263 page 11
MARKET AREA 103,500 40,000 29,000 27,500 Lake Parker 38,500 25,500 26,500 38,500 33,000 21,000 31,000 23,500 Subject 3 miles 15,500 33,000 Employment Office R.W. Blake Academy 26,000 27,000 Grace City Church Lakeland High School 39,500 4.5 miles SRDcommercial.com 877.518.5263 page 12
TRADE AREA 29,000 Rochelle School of the Arts 40,000 27,500 Lake Parker Navis Pack & Ship 38,500 7 miles 26,500 High Standards 4x4 38,500 7,800 31,000 33,000 2 miles 29,000 20,100 26,500 5.5 miles Subject 33,000 15,500 3 miles SRDcommercial.com 877.518.5263 page 13
NEIGHBORHOOD AERIAL Mabel Ave E Oak Street N Ingraham Ave CSX CSX 3,100 Subject General Store Oleander Street Central Glass Co. N Ingraham Ave Oleander Street SRDcommercial.com 877.518.5263 page 14
SITE AERIAL CSX 3,100 Subject N Ingraham Ave Oleander Street Access Point SRDcommercial.com 877.518.5263 page 15
FLOOR PLAN Office Conference Room Office Office Restroom Server Room Office Lobby Entrance SRDcommercial.com 877.518.5263 page 16
BUILDING INFORMATION Buildings BUILDING 1 (1501 - OFFICE BUILDING) Building Characteristics Total Under Roof: 5,030 sqft Living Area (as originally constructed) 4,870 sqft Actual Year Built: 1985 Effective Year: 1995 Wall Structure: CONCRETE (M &S CRNT MULTIPLIER) SRDcommercial.com 877.518.5263 page 17
UTILITIES SRDcommercial.com 877.518.5263 page 18
ZONING Subject Light Industrial - Limited Commercial District (I-1) The intent of the I-1 District is to permit the establishment of business park uses and a limited range of industrial uses along with retail and service commercial uses that support business park and industrial employment centers, subject to limitations established in the Comprehensive Plan. The industrial uses permitted include those which usually have the most limited external impacts. Such uses do not create an appreciable nuisance or hazard. They are generally compatible with non-industrial uses, but they are more tolerable adjacent to non-industrial uses than are more intensive industrial uses. SRDcommercial.com 877.518.5263 page 19
FUTURE LAND USE Subject Subject Business Park (BP) Business Park Centers may be located within the Central City Area, the Urban development Area, and the Suburban Area. A Business Park Center may be located in the Rural Area if it is related to agricultural or natural resources in this area and contingent upon the availability of adequate public facilities and services and the ability of the site to meet additional zoning or performance requirements. A Business Park is intended to provide for the placement of establishments to accommodate employment centers including light assembly, manufacturing, warehouse, distribution, showroom and local and non local office needs of the Planning Area. General characteristics of Business Park SRDcommercial.com 877.518.5263 page 20
FUTURE LAND USE INTENSITY AREA Subject SRDcommercial.com 877.518.5263 page 21
ZONING DISTRICTS/FLU MAP DESIGNATIONS SRDcommercial.com 877.518.5263 page 22
PERMITTED USES TABLE SRDcommercial.com 877.518.5263 page 23
PERMITTED USES TABLE SRDcommercial.com 877.518.5263 page 24
PERMITTED USES TABLE SRDcommercial.com 877.518.5263 page 25
PERMITTED USES TABLE SRDcommercial.com 877.518.5263 page 26
PERMITTED USES TABLE SRDcommercial.com 877.518.5263 page 27
CONFIDENTIALITY & DISCLAIMER About Coldwell Banker Commercial Saunders Ralston Dantzler Realty Coldwell Banker Commercial Saunders Ralston Dantzler Realty (CBCSRD) is located in Lakeland, Florida and is Florida s I-4 corridor s premier commercial real estate firm. We offer unique positioning of properties utilizing our intimate knowledge of local markets, a recognized national brand, and a global reach through our Coldwell Banker Commercial offices worldwide. CBC worldwide achieved $5 billion in investment sales and leasing transactions in 2016. CBCSRD was founded by three highly-recognized CCIM-designated Florida brokers. The company brings together experts on all aspects of real estate. We provide services to land and commercial clients through both CBCSRD and our land brokerage, Coldwell Banker Commercial Saunders Real Estate. For more information, please visit SRDcommercial.com 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. 2017 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. SRDcommercial.com 877.518.5263 page 28