550 Commerce Drive
$5,250,000
550 Commerce Drive, Lakeland, FL 33813
5.75
Cap Rate
301,942
NOI
Details:
Highlights:
- Stable tenancy
- Predictable cash flow
- Contractual rent escalations
- Current lease expires May 2028
- High renewal probability
Description:
This offering presents a rare opportunity to acquire a mission-critical asset
leased to the U.S. General Services Administration (GSA), providing investors
with secure, long-term income backed by the full faith and credit of the federal
government. Strategically positioned within a growing Florida market, the asset
offers both income stability and potential long-term upside supported by
favorable regional fundamentals. This investment is particularly attractive for
buyers seeking a passive, low-management asset with institutional-grade
tenancy. The strength of a GSA lease, combined with the property’s functional
design and established occupancy, creates a compelling opportunity to secure a
high-quality government-backed income stream. The Tenant has invested over
$800,000 improving the property over the last 6 years, therefore there is a high
likelihood they will desire renewal, but they have no option in the lease, leaving it
up to the investor to renegotiate or reposition the asset as medical use/surgery
center for the greatest return.
Documents:
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VIP-Flyer_550_Commerce_Dr.pdf
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Location
Gallery