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$ 5,250,000
Est. payment /mo
New
550 COMMERCE DR Lakeland, FL 33813
15,233 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 15,233 sqft
Price per Sqft $344
MLS Listing ID W7885772
HOA Y/N No
Year Built 2008
Annual Tax Amount $32,000
Lot Size 2.710 Acres
Acres 2.71
Property Sub-Type Office
Source Stellar MLS
Property 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.
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.
Location
State FL
County Polk
Area 33813 - Lakeland
Interior
Cooling Central Air
Building
Foundation Slab
Lot Size Range 2 to less than 5
Structure Type Concrete,Stucco
New Construction false
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by TOM Bible VIP EXECUTIVE REALTY LLC
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