3500 Reynolds Road, Lakeland, Florida 33803

Property: The property is a two-story, plug-and-play call center, formerly occupied by a division of Xerox. The ground floor area contains multiple executive offices, conference rooms, two mail rooms, employee dining hall, the server room, and several large open areas currently configured with 107 cubicles. The second-floor features approximately eight private offices, employee library, training room, and currently is configured with approximately 196 cubicles with the ability to potentially expand. Total land size for the campus is 7.22 acres in the building itself was constructed in 2005 for the current use. Other building amenities include a custom-designed server room situated on an 8 gauge stainless steel floating panel for which acts as a raceway for wiring and antistatic flooring. The antistatic flooring itself is a separate earth ground from the building’s main electrical system. The server room fire suppression system is an inert gas blanketing system, triggered by a fast-acting infrared detector array. A server room also features separate and dedicated HVAC and humidity control systems, and fiber optic connections through Level3. The main systems of the building are backed up by a 200 kW Cummings diesel generator (current generator is the property of the existing tenant, but pad and installation equipment will remain). There is on-site, paved parking with 244 spaces in the porte cochere drop off area at the main entrance to the building. Approximately 1.37 acres of unpaved overflow parking is included, and to the South of the main parking lot.

Location: This site is located just around the corner from the US 98 exit of the Polk Parkway, allowing for very easy access to both Orlando and Tampa commuters.

Area Information: Lakeland is located approximately 35 miles east of Tampa and 55 miles southwest of Orlando along Interstate I-4. The city is home to Florida Southern College, Florida  Polytechnic University, Southeastern University, Polk Community College, and Publix. Lakeland is showing positive job growth and offers a lower cost of living than area other areas along the I-4 corridor. There are over 10,000,000 people within a 100-mile radius of Lakeland and a workforce of 3.4 million. Within the same 100-mile radius, Polk County has access to 500,000 students at three major research universities, numerous colleges, community colleges and technical schools. According to the BLA, 1n 2015, U.S. employment grew 2.0%. Among mid-sized metros, the highest percentage growth is found in Lakeland-FL (4.2%). The population of the Lakeland-Winter Haven MSA, which includes all of Polk County, has grown by 33.4% since 2000 reaching a population of approximately 645,000 people. The population is projected to continue growing at an annual rate of 1.5% over the next five years as the area continues to gain ground as a key transport and logistics hub for Florida. The City of Lakeland is located in the Lakeland-Winter Haven MSA, which incorporates all of Polk County, the 8th largest county in Florida. Lakeland is strategically positioned in the heart of the I-4 corridor “SuperRegion”, which is comprised of Lakeland-Winter Haven MSA, Tampa-St. Petersburg-Clearwater MSA, and Orlando MSA. Within a 100-mile radius reside 8.6 million people and a workforce of 3.4 million. Within the same 100- mile radius, Polk County has access to 500,000 students at three major research universities, numerous colleges, community colleges and technical schools. For 1Q18 Polk county had a 4.1% unemployment rate, inline with the national average, but above the state rate of 3.9% for the same time frame.

Lease Rate: $7.50 per rsf, NNN
Sale Price: $2,800,000