Cushman & Wakefield announced today that the commercial real estate services firm has arranged the sale of 2850 Interstate Drive, a 139,500-square-foot warehouse/distribution building located in Lakeland, Florida. The final sale price was $17.8 million.
Rick Brugge, Rick Colon, Mike Davis and Dominic Montazemi of Cushman & Wakefield, with support from Zach Eicholtz, represented the seller in the transaction. David Buckner of Buckner Commercial Properties assisted in the sales process and provided local market expertise. INDUS Realty Trust, a real estate business engaged in developing, acquiring, managing and leasing high-quality industrial and logistics properties, acquired the property.
“2850 Interstate Drive is a Class A industrial building well located in the heart of Lakeland, a regional and state-wide logistics hub,” Brugge said. “Because of the high quality of construction and strategic location, the building has attracted and retained high quality tenancy and will continue to do so.”
The nine-acre industrial property is centrally located between Tampa and Orlando, offering easy access to two major Florida markets, and features clear heights of 30’, 40 dock-high and two ramped drive-in doors.