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Classic Collision Center 4407 US Highway 92 E 50,467 SF 100% Leased Industrial Building Lakeland, FL 33801 $7,692,621 CAD ($152.43 CAD/SF) 6.70% Cap Rate
Investment Highlights
- 100% Occupied Multi-Tenant Industrial Asset with NNN leases – The property is fully leased to four complementary automotive and industrial tenants
- Below-Market In-Place Rents Create Significant Upside – Average rents of just $7.32/SF are well below replacement cost
- Attractive Basis at Approximately $109/SF – The offering presents an opportunity to acquire a functional 50,467 SF industrial asset
- Strong In-Place Cash Flow with 6.75-Year WALT – The asset features a weighted average lease term of approximately 6.75 years
- NNN Lease Structure – Tenants reimburse operating expenses, helping provide stable and predictable cash flow for ownership.
- Growing Tenant – Classic Collision (67.27% of GLA) – The property is anchored by Classic Collision
Executive Summary
Broker of Record
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Kyle Matthews
License # BK3554632, CQ1066435 (FL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts
| Price | $7,692,621 CAD | Lot Size | 4.47 AC |
| Price Per SF | $152.43 CAD | Rentable Building Area | 50,467 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.70% | Year Built | 1962 |
| Property Type | Industrial | Parking Ratio | 0.28/1,000 SF |
| Property Subtype | Warehouse | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | GI - zoning is a type of industrial zoning, which is used for employment and manufacturing: | ||
| Price | $7,692,621 CAD |
| Price Per SF | $152.43 CAD |
| Sale Type | Investment |
| Cap Rate | 6.70% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 4.47 AC |
| Rentable Building Area | 50,467 SF |
| No. Stories | 1 |
| Year Built | 1962 |
| Parking Ratio | 0.28/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | GI - zoning is a type of industrial zoning, which is used for employment and manufacturing: |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Charles Brown Auto Body
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Charles Brown Auto Body | Retailer | - | - | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 24-28-13-000000-041110 | Improvements Assessment | $318,144 CAD |
| Land Assessment | $38,959 CAD | Total Assessment | $357,103 CAD |
Property Taxes
Parcel Number
24-28-13-000000-041110
Land Assessment
$38,959 CAD
Improvements Assessment
$318,144 CAD
Total Assessment
$357,103 CAD
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Classic Collision Center | 4407 US Highway 92 E
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