4175 S. Pipkin Rd. Lakeland, FL 33811 $599,000 · 2017-03-17 · Parkway Commerce Center. Location...

Gary Ralston, CCIM, [email protected]

David [email protected]

4175 S. Pipkin Rd. Lakeland, FL 33811Office Condominiums in Parkway Commerce Center

$599,0009,765 +/- SF

David A Goffe, [email protected]

114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 877.518.5263 | SRDcommercial.com

Drane Field Rd.

Waring Rd.

S. Pipkin Rd.

Parkway Commerce Center

Location• The subject is located in the Parkway Commerce Center office

condominium building located in the Parkway Corporate Park on South Pipkin Road.

• Over 37,000 people within a 3 mile radius• Median Household Income of $52,000 is 19% better than Polk County• Many of Lakeland’s top Employers are nearby including:

• Publix Headquarters (1.4 miles)• GEICO (1.5 miles)• Lakeland Linder Regional Airport (1.3 miles)

Site/Building• Subject is less than a mile from the Polk Parkway (SR 570)• Owner will sell suites separately


Executive Summary

Site Address: 4175 S. Pipkin Rd. Lakeland, FL 33811

County: Polk

Suites: 204, 208-214

Square Footage: 208-214: 8,169 +/- SF 204: 1,596 +/- SFTotal: 9,765 +/- SF

Property Use: Office Condominium

Fees: Quarterly Dues: $5,973.93 (most recent)Annual Property Tax: $5,971,41 (2016)

Traffic Count: 10,000 cars/day on Waring Rd.

Price: $599,000 (Owner will sell suites separately)


Regional Location Map

Lakeland

Tampa

Orlando


Location Map

Lakeland

Plant City Winter Haven


Headquarters

Manufacturing

Warehouse

Close proximity to:

1. SR 570 and I-42. Corporate Publix3. Lakeland Linder Regional Airport

1, 2, 3 mile radius5 & 10 minute drive


Benchmark Demographics 1 mile 2 miles 3 miles 5 minutes 10 minutes Polk FL USPopulation 2,500 12,299 37,245 1,762 32,371 642,909 20,108,440 323,580,626Households 1,006 5,150 15,617 661 13,563 240,058 7,858,449 121,786,233Families 667 3,437 10,127 475 8,814 166,952 5,083,223 80,307,260Average Household Size 2.48 2.38 2.38 2.66 2.38 2.63 2.50 2.59

Owner Occupied Housing Units 767 3,445 10,133 521 8,761 158,596 4,936,146 76,427,142Renter Occupied Housing Units 239 1,705 5,484 139 4,802 81,462 2,922,303 45,359,091Median Age 43.0 43.2 43.4 41.6 42.6 41.0 41.9 38.0

Trends: 2015 - 2020 Annual RatePopulation 0.80% 1.91% 1.56% 2.45% 1.45% 1.18% 1.29% 0.84%Households 0.69% 1.81% 1.41% 2.26% 1.27% 1.07% 1.21% 0.79%Families 0.59% 1.75% 1.38% 2.45% 1.26% 1.00% 1.13% 0.72%Owner HHs 0.54% 1.87% 1.42% 2.31% 1.31% 0.97% 1.09% 0.73%Median Household Income 0.93% 2.30% 2.48% 1.20% 2.59% 2.79% 2.52% 1.89%

Households by Income (enter address)

3select 1, 2, 3 mile radius …. (same address and then add "radius" to name)

4run Demographic and Income Profile report

5copy … use upper left corner to select all cells and copy

6highlight upper left corner of radius sheet and paste

7

8in BAO select site by adding another pin … same address and/or point (name with address and "drive")

9select 5 and 10 minute drive time

10run Demographic and Income Profile report


12highlight upper left corner of drive sheet and paste

13go back to map -> radius and drive sould be displayed

14cut and paste into "map" tab on spreadsheet

15to generate data for another County ….

16in BAO … Define Areas for Reports

17Select Counties from icons

18Select State from drop down list

19Select County from list of Counties

20Click Next at bottom of list

21Select "Get Reports"

22Add … Demographic and Income Profile in Excel (drop down select box PDF or Excel)

23Run Now …. If other sites are checked (see top bar) … then they will be available for reports as well


25highlight upper left corner of County sheet and paste

26Benchmark schdule in Benchmark tab should repopulate with subect data

Note:if state other than Florida …. Follow steps for MSA and generate new state data

Benchmark

Benchmark Demographics1 mile2 miles3 miles5 minutes10 minutesPolkFLUS

Population2,50012,29937,2451,76232,371642,90920,108,440323,580,626

Households1,0065,15015,61766113,563240,0587,858,449121,786,233

Families6673,43710,1274758,814166,9525,083,22380,307,260

Average Household Size2.482.382.382.662.382.632.502.59

Owner Occupied Housing Units7673,44510,1335218,761158,5964,936,14676,427,142

Renter Occupied Housing Units2391,7055,4841394,80281,4622,922,30345,359,091

Median Age43.043.243.441.642.641.041.938.0

Trends: 2015 - 2020 Annual Rate

Population0.80%1.91%1.56%2.45%1.45%1.18%1.29%0.84%

Households0.69%1.81%1.41%2.26%1.27%1.07%1.21%0.79%

Families0.59%1.75%1.38%2.45%1.26%1.00%1.13%0.72%

Owner HHs0.54%1.87%1.42%2.31%1.31%0.97%1.09%0.73%

Median Household Income0.93%2.30%2.48%1.20%2.59%2.79%2.52%1.89%

Households by Income

Market Area

28,000cars/day


4 miles

6 miles

Headquarters

Manufacturing

Warehouse

31,000cars/day

40,500cars/day

16,100cars/day

39,000cars/day

125,500cars/day

29,000cars/day

14,700cars/day

600+ New Homes

Trade Area

Lunn Road


4 miles

3 miles

Headquarters

600+ New

Homes 39,000cars/day

19,000cars/day

14,700cars/day

10,000cars/day

28,000cars/day

29,000cars/day

New 120,000 SF Building

Neighborhood Aerial

S. Pipkin Road


TSSThe

Service Solution

Waring Rd.

Waring Rd.

Recently Available


Site Aerial


Floor PlanSuites 208-214

Suites 204

Office Condominiums


Corporate Headquarters3300 Publix Corporate Parkway, Lakeland, FL 33811

• 320,000 SF headquarters office building• Over 2,000 employees

Departments include:• Benefits• Corporate Purchasing• Facilities• Finance• Human Resources• Information Technology

• Legal & Risk Management• Loss Prevention• Marketing• Public Affairs• Real Estate• Strategy Support


Situated in the heart of Florida along the I-4 corridor Lakeland Linder Airport is midway between Tampa and Orlando, with easy access to I-4 via the Polk Parkway. The Lakeland Airport is owned and operated by the City of Lakeland.• 1,700 Acres • 1 Million square feet of facilities• 8,500 foot runway• More than 100,000 Aircraft Operations a year• Sun 'n Fun Fly-In www.sun-n-fun.org• Central Florida Aerospace Academy and Polk State College Aerospace• FAA Part 139 Certificated Airport• Aircraft Rescue Firefighting (ARFF) Index B Services, Index C Services available on Request

• Recent addition! NOAA’s Hurricane Hunters have relocated to the Lakeland Airport, occupying 106,800 SF and bringing 100 new jobs to Lakeland


http://www.sun-n-fun.org/

The Lakes at Laurel Highlands

• Now under construction

• 600+ homes as well as townhomes

• Starting at $184,000



The Ruthvens have recently completed two warehouses, 200,000 SF of new space, on

Drane Field Rd near the subject.

New Warehouses

Polk Parkway Full Interchange

Full access – east and west to Polk Parkway

Westbound On Ramp

Westbound Exit Ramp

Eastbound Exit Ramp

Eastbound On Ramp

©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.

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4175 S. Pipkin Rd. Lakeland, FL 33811 $599,000 · 2017-03-17 · Parkway Commerce Center. Location...

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Transcript of 4175 S. Pipkin Rd. Lakeland, FL 33811 $599,000 · 2017-03-17 · Parkway Commerce Center. Location...