realnex investment analysis software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286...

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Property Highlights 60,000 sqft Class A Building Attached Parking Garage Located in the Heart of Downtown Located in the CRA District Walking distances to Restaurants, Banks, Government Offices SUNTRUST PLAZA 210 Florida Avenue South, Lakeland, FL 33801 For Lease Jack Strollo, CCIM, CPM Vice President, Broker 863-683-3425 [email protected] Florida 100 S Kentucky Ave, Suite 290 | Lakeland, FL 33801 | Phone: (863) 683-3425 | Fax: (863) 683-1066 | www.resbroadway.com

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Page 1: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

Property Highlightsb 60,000 sqft Class A Buildingb Attached Parking Garageb Located in the Heart of Downtownb Located in the CRA Districtb Walking distances to Restaurants,

Banks, Government Offices

SUNTRUST PLAZA210 Florida Avenue South, Lakeland, FL 33801

For Lease

Jack Strollo, CCIM, CPMVice President, [email protected]

100 S Kentucky Ave, Suite 290 | Lakeland, FL 33801 | Phone: (863) 683-3425 | Fax: (863) 683-1066 | www.resbroadway.com

Page 2: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

JACK STROLLO, CCIM, CPMVice President, [email protected]

TABLE OF CONTENTS

Property Description 3Property Photos 4

Floor Plan 5Regional Map 6Location Map 7

Aerial Map 8Demographics 9

Core CRA 10Community Information 11

Lakeland Rankings 12Lakeland Benefits 13

Page 3: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

PROPERTY DESCRIPTIONSunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

JACK STROLLO, CCIM, [email protected]

SunTrust PlazaProperty: The SunTrust building is one of downtown Lakeland’s most prestigious officebuildings. The five story, 60,000 sf building, is home to Lakeland Regional Medical Center’soff campus services, and Florida Avenue and the Lemon Street promenade and it’s everchanging outdoor art exhibit, and mature landscaping. The stunning ground floor lobby hasboth north and south side entrances leading to twin elevators servicing the upper floors.There is visitor parking on the south side of the building and an attached two three storyparking garage. We currently have one 1941 sqft first floor suite available and one suitecoming available September 2020 with 2,610 sqft on the second floor.

Location: This property is located in the heart of downtown Lakeland. The CBD offers thelargest consolidated selection of restaurant and entertainment options anywhere inLakeland; city parks, walking areas, and outside venues; city offices; banking; retail; andnightlife. Downtown i located just minutes from the Polk Parkway and I-4, allowing for veryeasy access to both Orlando and Tampa commuters. Lakeland is located approximately 35miles east of Tampa and 55 miles southwest of Orlando along Interstate I-4. The city is hometo Florida Southern College, Florida Polytechnic University, Southeastern University, PolkCommunity College, and Publix. Lakeland is showing positive job growth and offers a lowercost of living than area other areas along the I-4 corridor. There are over 10,000,000 peoplewithin a 100-mile radius of Lakeland; a fact that is causing exponential growth in the area.

Lease Rate: Negotiable, Full Service

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Page 4: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

PROPERTY PHOTOSSunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

04

Page 5: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

Floor Plan

SunTrust Plaza

210 S. Florida Avenue, Lakeland, FL 33801

Page 6: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

REGIONAL MAPSunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

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Page 7: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

LOCATION MAPSunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

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Page 8: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

AERIAL MAPSunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

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Page 9: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

DEMOGRAPHICSSunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

JACK STROLLO, CCIM, [email protected]

Population 1 Mile 3 Miles 5 MilesMale 5,652 35,409 62,632Female 6,908 40,208 69,837Total Population 12,560 75,617 132,469

Age 1 Mile 3 Miles 5 MilesAges 0-14 2,422 15,958 27,308Ages 15-24 1,349 9,395 16,460Ages 25-54 5,132 27,074 46,423Ages 55-64 1,353 7,702 13,916Ages 65+ 2,304 15,488 28,362

Race 1 Mile 3 Miles 5 MilesWhite 8,519 49,641 95,190Black 3,360 20,433 26,931Am In/AK Nat 5 35 92Hawaiian N/A 25 31Hispanic 1,451 11,224 20,351Multi-Racial 1,316 10,004 17,642

Income 1 Mile 3 Miles 5 MilesMedian $24,847 $35,635 $39,229< $15,000 1,305 5,169 7,932$15,000-$24,999 851 5,275 8,573$25,000-$34,999 587 4,293 7,286$35,000-$49,999 761 4,755 8,680$50,000-$74,999 917 5,409 10,156$75,000-$99,999 402 2,490 4,849$10,0000-$149,999 160 1,521 3,462$150,000-$199,999 45 477 803> $200,000 22 704 1,097

Housing 1 Mile 3 Miles 5 MilesTotal Units 6,719 38,562 66,077Occupied 5,540 32,155 55,957Owner Occupied 1,706 16,980 31,361Renter Occupied 3,834 15,175 24,596Vacant 1,179 6,407 10,120

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Page 10: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

CORE CRASunTrust Plaza210 Florida Avenue South | Lakeland, FL 33801

JACK STROLLO, CCIM, [email protected]

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Page 11: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

Community

Located on the I-4 Corridor of Central

Florida between Tampa and Orlando,

Lakeland is quickly transforming into a

global economic hub. In close proximity

are two international airports, two

interstate highways, passenger and

freight rails, and a deep water port.

With access to skilled employees from

our world-class education facilities such

as Florida Southern College,

Southeastern University, and Florida

Polytechnic, Lakeland has become the

headquarters or regional hub for major

corporations like Publix Supermarkets,

SaddleCreek, GEICO, Lockheed

Martin, and FedEx.

Join these strategic companies as a

shareholder in Lakeland’s highly

favorable business and real estate

market. With multiple economic

development councils, entrepreneurship

incubators, and competitive tax rates,

there is no better time to make an

investment in Lakeland.

Page 12: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

LAKELAND RANKINGS

• #1 Cities to buy a home (Business Insider)

• #1 Fastest growing city (Bloomberg)

• #1 most philanthropic city (Philanthropy)

• #6 safest places to live

• #6 mid-sized metro job growth (Business facilities)

• #17 best cities for new graduates (Good Call)

Page 13: RealNex Investment Analysis Software · 2020. 8. 18. · $25,000-$34,999 587 4,293 7,286 $35,000-$49,999 761 4,755 8,680 $50,000-$74,999 917 5,409 10,156 $75,000-$99,999 402 2,490

LAKELAND BENEFITS

• North & South Highways: I-75, I-95, Hwy 27

• East & West Highways: I-4, Hwy 60, Hwy 92

• 35 Miles from Tampa, 55 Miles from Orlando

• CSX Rail Access

• 2 Major Airports less than 1 hour away

• Over 10 Million People within 100 Miles

• Largest Municipality in Polk County

• City of Lakeland population: 104,185

• Average annual wages: $41,162

• Unemployment rate: 3.4%

• Florida’s 4th Best City in business tax climate index