Office Space For Lease @ 2420 N Crystal Lake Dr

Golden Living Office Center is a fully and beautifully renovated turn-key operated Executive Office Center Property, centrally located in Lakeland FL. Easy access to Downtown Lakeland, Polk Parkway, US 92, US 98 and I-4 (via parkway).

Current cap rate is very competitive at 9.67% with value to be added with renting some secured outside storage/parking spaces contained within a restricted section of the property, the storage Building, and endless additional virtual offices. Even though all offices of the Executive Office Center are currently occupied, the portion the current owner occupies (without generating income), may be used by the new owner or to generate additional income as well.

This Executive office Center is considered a Business and comes with its own website. Considering that this is a Business, in addition of being a real estate, it has the benefit of being admissible to SBA 504 financing which comes at a reduced fixed interest rate. It is important to realize that only 28% of the building is under lease. The rest of the offices are under auto-renewable Office Service Agreements, which allows more flexibility to its owner if the new owner want to occupy a larger portion of the building.

The building is located on a corner property with direct view on Crystal Lake. It has been completely remodeled between 2010 and 2019, It is divided in 5 main sections that contain 17 private offices and 5 semi-private office spaces -all fully furnished, a 10-seat conference room, 4 bathrooms (3 handicap-accessible), a 2-car garage with built-in storage, in addition to a 12x20 air-conditioned building, exterior secured storage, virtual offices and ample parking spaces.

One particularity of this building is that one of the suites adjacent to garage is not only office space but also a high-end fully appointed compact apartment, with Murphy bed integrated in an L-Shape built-in wood cabinetry/office furniture - perfect for a company having satellite offices across the US or the world.

The property is highly secured with exterior and common area video surveillance, high-impact windows throughout, electronic door access, fence with 2 electric gates with timers, etc. In addition, the building is highly insulated, has electronic/remotely accessible thermostats which results with utilities cost being very low. A new up-to- code septic system was installed in 2021 – which reduces utility costs even further.

Growth is expected in the coming years due to now being part of a nationwide group that generates virtual offices, conference room clients, and other services. Although it is subject to a commission, there is no fee, no exclusivity, and the Agreement can be terminated at will. Considering the available capacity, this will increase further the income/SF and ROI.

Financials information to access operating expenses, rent roll and proforma to be provided upon request. This space offers accomodations for: executive suites.