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550 Commerce Drive

$5,250,000

550 Commerce Drive, Lakeland, FL 33813

Active
Last Updated: 05/14/2026

5.75

Cap Rate

301,942

NOI

Details:
Cap Rate:    5.75%
NOI:    $301,942
Building Size:    15,322 sqft
Lot Area:    2.71 acres
Occupancy:    100%
Class:    B
Lease Type:    Full Service
Year Built:    2008
Tenancy:    Single
Floors:    1
Parking Ratio:    71000
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.

Map:
Documents:
Title
VIP-Flyer_550_Commerce_Dr.pdf
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Location
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