5441 Socrum Loop Road, LAKELAND, FL 33809
Priced at Only: $2,300,000
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- MLS#: TB8307314 ( Commercial Sale )
- Street Address: 5441 Socrum Loop Road
- Viewed: 11
- Price: $2,300,000
- Price sqft: $355
- Waterfront: No
- Year Built: 1991
- Bldg sqft: 6480
- Days On Market: 80
- Additional Information
- Geolocation: 28.1131 / -81.9461
- County: POLK
- City: LAKELAND
- Zipcode: 33809
- Provided by: NEXTHOME GULF COAST
- Contact: Amanda LeGault
- 727-282-5151
- DMCA Notice
Description
Situated at a prime intersection in Lakeland, Florida, this Truist Bank benefits from a highly desirable location in one of Central Floridas most vibrant markets. Built in 1991, the property is fully leased to Truist Bank (Fitch: A+). The absolute NNN lease features annual rent increases and includes six five year renewal options. The tenant has already executed an early extension, with 3.3 years remaining on the lease term. Truist Bank is responsible for all on site obligations, including roof and structure maintenance.
The site offers ample parking, mature landscaping, and a convenient four lane drive thru. It is positioned as an outparcel to the Publix anchored Plantation Square shopping center and is adjacent to a newly renovated McDonald's.
Over the past two years, Lakeland has experienced significant growth, adding more residents than any other area in Florida, thanks to its strategic location between Tampa and Orlando along the Interstate 4 corridor. The Truist Bank is located just west of Interstate 4, providing excellent connectivity throughout Central Florida. This unique positioning has attracted major distribution and logistics companies such as Amazon, IKEA, UPS, Rooms to Go, and Publix Supermarkets. Ongoing industrial development along the Interstate 4 corridor is expected to further reinforce Lakelands status as a key distribution hub in the region.
Payment Calculator
- Principal & Interest -
- Property Tax $
- Home Insurance $
- HOA Fees $
- Monthly -
Features
Building and Construction
- Covered Spaces: 0.00
- Living Area: 6480.00
- Roof: Shingle
Property Information
- Property Condition: Completed
Garage and Parking
- Garage Spaces: 0.00
- Parking Features: Parking Spaces - 19 to 30
Eco-Communities
- Water Source: Public
Utilities
- Carport Spaces: 0.00
- Cooling: Central Air
- Road Frontage Type: Access Road, City Street
- Sewer: Public Sewer
Finance and Tax Information
- Home Owners Association Fee: 0.00
- Net Operating Income: 123362.00
- Tax Year: 2023
Other Features
- Country: US
- Legal Description: COMM AT NW COR OF NE1/4 RUN N 88 DEG 34 MIN 08 SEC E 195 FT S 00 DEG 11 MIN 14 SEC W 150 FT FOR POB THENCE S 44 DEG 48 MIN 46 SEC E 128 FT S 45 DEG 11 MIN 14 SEC W 135.90 FT RUN SWLY ALONG CURVE 39.27 FT THENCE N 89 DEG 48 MIN 46 SEC W 104.00 FT N 00 DEG 11 MIN 14 SEC E 198 FT N 88 DEG 54 MIN 08 SEC E 145 FT TO POB
- Levels: One
- Area Major: 33809 - Lakeland / Polk City
- Occupant Type: Tenant
- Parcel Number: 24-27-30-000000-013070
- Views: 11
Contact Info
- Martin Scott Realty
- Service You Deserve ~ People You Trust
- 321.297.8991
- martinscottrealty@yahoo.com