CONDO/TOWNHOME SITE FOR SALE Grasslands West
CONDO/TOWNHOME SITE FOR SALE
Grasslands West
Village Center Drive| Lakeland, FL 33803
Harden Blvd.
563
32,500 cars/day
570
Polk Parkway
FEATURES
• • • •
$2,800,000 $2,100,000 21.71 +/- acres One of Lakeland’s premium new addresses and right next door to Grasslands Golf & Country Club Condo/townhome site immediately adjacent to the 312-unit Town Center Apartments at Lakeside Village, The Lakeside Village Mall, and Grasslands; one of the very best locations in all of Lakeland • This unfinished site (some of which fronts on holes 15 and 16 of the adjacent golf course) is subject to an existing PUD and is pre-approved for 102 two-story condo/townhomes (subject to entitlements and approvals) FOR MORE INFORMATION CONTACT: Eric Ammon, CCIM 863.272.7135 Direct [email protected]
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com
SAUNDERS RALSTON DANTZLER
Grasslands West| Lakeland, FL 33803 Coldwell Banker Commercial Saunders Ralston Dantzler & Saunders Real Estate are very pleased to present Grasslands West. Grasslands West is a 21.71 +/- acre condo/townhome site immediately adjacent to the 312-unit Town Center Apartments at Lakeside Village, The Lakeside Village Mall, and one of the very best addresses in Lakeland; Grasslands. This unfinished site (some of which fronts on portions of the adjacent golf course) is subject to an existing PUD and is pre-approved for 102 condo/townhomes; subject to entitlements and approvals. The entire site is being offered for sale for $2,800,000. Grasslands Golf & Country Club was established in 1990 as a truly private, upscale, family oriented country club within the Oakbridge Community in Lakeland. The 18-hole course was designed by Jerry Pate and Bob Cupp, and was restored and updated by Jerry Pate in 2008. In addition to world class golf facilities, the club also offers both swimming and tennis facilities to its members. All of the facilities are extremely well-maintained by its current owner, the Drummond Company of Birmingham, Alabama. This is evidenced by the many weddings, rehearsal dinners, parties, and anniversaries hosted at the property. Grasslands West, like Grasslands, will also enjoy all of the entertainment, restaurant, and shopping amenities that will make this a sought after address for those who chose to reside in Lakeland. The property is just minutes from the Lakeside Village Mall, the Oakbridge Publix Shopping Center, downtown Lakeland, and the Polk Parkway Interchange. It is also within in a very short drive to I-4, making this an ideal address and location for an upscale condominium or townhome project.
Subject Harden Blvd. Polk Parkway
Lakeland Linder Airport
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West| Lakeland, FL 33803 Proposed Site Plan
Due-diligence items presently available: While the owner is not warranting or representing any of their earlier due-diligence materials, they are asking that you make it a part of your formal due-diligence review prior to the submittal of any offers. All of these items can be found on our website. Please also note that once construction commences, the property will need to make quarterly payments to the Oakbridge Homeowners Association to cover lake maintenance, irrigation, landscaping, and other items. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
PUD Zoning Ordinance 4841 – note the Grasslands tract is referred to in the ordinance as the Golf Condo land. Survey dated 11/13/06 last updated 6/26/08 Aerial outlining tract Grasslands West plat 2007 Engineering Plans – for information only Document 2007220472 – wetlands mitigation area 9/5/2007 Subsoil Report – for information only 8/9/2006 – Preliminary Geotech report – for information only 7/15/2006 – Phase I environmental report – for information only 6/19/2015 - Cost Sharing and Easement Agreement
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West| Lakeland, FL 33803 This is a beautiful site in a great market with strong fundamentals!
S
Your proximity to the Lakeside Village Mall is measured in feet.
Quick facts about Lakeside Village • In addition to the 60+ stores, the 560,000 +/- SF Lakeside Village shopping center also offers over 40,000 +/- SF of Class A office space. • Primary trade area population - 128,844 • Daytime population - 121,460 • Median age - 39 • Household Income - $51,575 • Average Household Income - $61,306 • Household Incomes above $50,000 / 45.2% • Key Tenants: Belk, Kohl’s, Cobb Theatre, Bed Bath & Beyond, Books-a-Million, Abuelo’s, and the Loft. • Traffic Counts: Harden Blvd. 32,500 / Polk Parkway 17,000 / I-4 109,000.
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West | Lakeland, FL 33803 The 312-unit Alexan Apartments (which are now known as the Town Center Apartments at Lakeside Village) abut the Lakeside Village Mall. These apartments were recently sold to a third party buyer for $46,000,000. This three-story wood-frame construction property was built by Trammell Crow Residential, and was opened December of 2009. The property averaged 1,005 +/- SF per apartment, was in excess of 97% occupancy at closing, and was achieving rents in excess of $1.26 per foot based upon its most recent quarter of leasing activity. This 2015 sale reflects a per unit average in excess of $147,000 per unit and a per-square foot average slightly over $146 per foot. Recent overall home sales in Grasslands have outpaced the market with the average individual home sale price exceeding $410,000; some were exceeding $900,000. The mall itself is about 560,000 +/- SF, and is also doing very well. The mall is 96% occupied and generating reported sales volume in excess of $400 per foot. In-line store rent is reportedly approaching $24 per square foot, triple net. The car count on nearby Harden Blvd. is in excess of 32,500 cars per day. In addition to Lakeland’s strong employment base, quite a few other real estate projects have recently been announced or completed. These include Amazon’s new 1 MM +/- SF fulfillment center, FedEx’s recent announcement of its 300,000 +/- SF distribution center in nearby Davenport, O’Reilly Auto Parts 380,000 +/- SF distribution center, Rooms-to-Go’s 300,000 +/- SF expansion, and the new CSX Intermodal Terminal at full completion will have as much as 8 MM +/- SF. Southern Wine & Spirits is adding another 440,000 +/- SF to its existing facilities as well.
Town Center Apartments at Lakeside Village
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West | Lakeland, FL 33803 Why Lakeland? • Lakeland is in the center of 8.6 million people living and working within a 100 mile radius. • We are 33 minutes to Tampa (58,000 employees) and 44 minutes to Orlando (69,000 employees), respectively the 21st and 26th largest MSA’s in the country. • Lakeland has over 28 MM +/- SF of warehouse space, making it a distribution hub for Central Florida. • Publix, Pepsi, Pepperidge Farms, and Mission Foods have over 2.3 MM +/- SF of combined manufacturing facilities located in Lakeland. • Flagler Development has announced plans for Lakeland Central Park, which is planned for 5.5 MM +/SF of industrial, 650,000 +/- SF of office, 225,000 +/- SF of retail, and 300 residential units. There are also 125 proposed hotel rooms, all to be located approximately 3 miles NW of Lakeside Village. • Florida Polytechnic opened in August of 2014, with approximately 550 students as a STEM University within the State University System, and is planning to grow over time to a student body of 10,000. • LMRC is breaking ground on a $250 million dollar expansion to add a 300,000 +/- SF Medical Pavilion.
Lakelands Top Ten Employers: • • • • • • • • • •
Publix with 8,063 Lakeland Regional Health Care with 4,540 City of Lakeland with 2,600 Geico with 2,300 Watson Clinic with 1,600 Sykes with 1,150 GC Services with 1,000 Rooms-to-Go with 900 Saddle Creek Logistics with 680 Stryker with 600
Publix is headquartered in Lakeland and they have been, and continue to be, a driving force throughout the entire Southeastern United States with approximately 170,000 employees. Publix is the largest employer in all of Florida and had reported revenues of $28.9 billion, placing them among the Fortune 100, while also placing them among the top ten private employers in the entire United States. Publix, Geico, Rooms-to-Go, Amazon, and the Lakeland Regional Medical Center are each 15 minutes by car from Grasslands West. Other notable employers and market drivers are as follows; • • • •
Lockheed Martin with 350 local employees Florida Southern College with 2,192 students and 451 employees Downtown Lakeland houses 2 MM +/- SF of commercial space and has over 6,500 employees Southeastern University has 3,083 students and 400 employees
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West | Lakeland, FL 33803
Distribution
US Hwy 92
Distribution Distribution
Distribution
563
Distribution
Downtown Lakeland
Grasslands Distribution
Distribution
Subject
Distribution
Corporate
Lakeside Village
South Fla. Ave. Polk Parkway
570
Lakeland Regional Airport
US Hwy 98
Regional Office
Significant Employers and Colleges near Grasslands West
Publix Super Markets Corporate Headquarters
Population
1 Mile 3,608
2 Miles 20,251
Households
1,901
9,132
20,267
991
8,412
$69,871 $53,833
$56,996
$72,127
$54,216
Average HH Income
3 Miles 5 Minutes 46,690 1,855
10 Minutes 18,378
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
CONDO/TOWNHOME SITE FOR SALE
Grasslands West
Village Center Drive| Lakeland, FL 33803
Nearby Assets
Lakeside Village
Town Center Apartments at Lakeside Village
Publix Corporate Headquarters
Amazon Fulfillment Center
Grasslands
Golf Course at Grasslands
Your Access Point to Grasslands West
80,000 +/- SF Under Construction on Harden
©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. ©2015 Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.
SAUNDERS RALSTON DANTZLER
Grasslands West
Village Center Drive| Lakeland, FL 33803
Harden Blvd.
563
32,500 cars/day
570
Polk Parkway
FEATURES
• • • •
$2,800,000 $2,100,000 21.71 +/- acres One of Lakeland’s premium new addresses and right next door to Grasslands Golf & Country Club Condo/townhome site immediately adjacent to the 312-unit Town Center Apartments at Lakeside Village, The Lakeside Village Mall, and Grasslands; one of the very best locations in all of Lakeland • This unfinished site (some of which fronts on holes 15 and 16 of the adjacent golf course) is subject to an existing PUD and is pre-approved for 102 two-story condo/townhomes (subject to entitlements and approvals) FOR MORE INFORMATION CONTACT: Eric Ammon, CCIM 863.272.7135 Direct [email protected]
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com
SAUNDERS RALSTON DANTZLER
Grasslands West| Lakeland, FL 33803 Coldwell Banker Commercial Saunders Ralston Dantzler & Saunders Real Estate are very pleased to present Grasslands West. Grasslands West is a 21.71 +/- acre condo/townhome site immediately adjacent to the 312-unit Town Center Apartments at Lakeside Village, The Lakeside Village Mall, and one of the very best addresses in Lakeland; Grasslands. This unfinished site (some of which fronts on portions of the adjacent golf course) is subject to an existing PUD and is pre-approved for 102 condo/townhomes; subject to entitlements and approvals. The entire site is being offered for sale for $2,800,000. Grasslands Golf & Country Club was established in 1990 as a truly private, upscale, family oriented country club within the Oakbridge Community in Lakeland. The 18-hole course was designed by Jerry Pate and Bob Cupp, and was restored and updated by Jerry Pate in 2008. In addition to world class golf facilities, the club also offers both swimming and tennis facilities to its members. All of the facilities are extremely well-maintained by its current owner, the Drummond Company of Birmingham, Alabama. This is evidenced by the many weddings, rehearsal dinners, parties, and anniversaries hosted at the property. Grasslands West, like Grasslands, will also enjoy all of the entertainment, restaurant, and shopping amenities that will make this a sought after address for those who chose to reside in Lakeland. The property is just minutes from the Lakeside Village Mall, the Oakbridge Publix Shopping Center, downtown Lakeland, and the Polk Parkway Interchange. It is also within in a very short drive to I-4, making this an ideal address and location for an upscale condominium or townhome project.
Subject Harden Blvd. Polk Parkway
Lakeland Linder Airport
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West| Lakeland, FL 33803 Proposed Site Plan
Due-diligence items presently available: While the owner is not warranting or representing any of their earlier due-diligence materials, they are asking that you make it a part of your formal due-diligence review prior to the submittal of any offers. All of these items can be found on our website. Please also note that once construction commences, the property will need to make quarterly payments to the Oakbridge Homeowners Association to cover lake maintenance, irrigation, landscaping, and other items. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10.
PUD Zoning Ordinance 4841 – note the Grasslands tract is referred to in the ordinance as the Golf Condo land. Survey dated 11/13/06 last updated 6/26/08 Aerial outlining tract Grasslands West plat 2007 Engineering Plans – for information only Document 2007220472 – wetlands mitigation area 9/5/2007 Subsoil Report – for information only 8/9/2006 – Preliminary Geotech report – for information only 7/15/2006 – Phase I environmental report – for information only 6/19/2015 - Cost Sharing and Easement Agreement
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West| Lakeland, FL 33803 This is a beautiful site in a great market with strong fundamentals!
S
Your proximity to the Lakeside Village Mall is measured in feet.
Quick facts about Lakeside Village • In addition to the 60+ stores, the 560,000 +/- SF Lakeside Village shopping center also offers over 40,000 +/- SF of Class A office space. • Primary trade area population - 128,844 • Daytime population - 121,460 • Median age - 39 • Household Income - $51,575 • Average Household Income - $61,306 • Household Incomes above $50,000 / 45.2% • Key Tenants: Belk, Kohl’s, Cobb Theatre, Bed Bath & Beyond, Books-a-Million, Abuelo’s, and the Loft. • Traffic Counts: Harden Blvd. 32,500 / Polk Parkway 17,000 / I-4 109,000.
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West | Lakeland, FL 33803 The 312-unit Alexan Apartments (which are now known as the Town Center Apartments at Lakeside Village) abut the Lakeside Village Mall. These apartments were recently sold to a third party buyer for $46,000,000. This three-story wood-frame construction property was built by Trammell Crow Residential, and was opened December of 2009. The property averaged 1,005 +/- SF per apartment, was in excess of 97% occupancy at closing, and was achieving rents in excess of $1.26 per foot based upon its most recent quarter of leasing activity. This 2015 sale reflects a per unit average in excess of $147,000 per unit and a per-square foot average slightly over $146 per foot. Recent overall home sales in Grasslands have outpaced the market with the average individual home sale price exceeding $410,000; some were exceeding $900,000. The mall itself is about 560,000 +/- SF, and is also doing very well. The mall is 96% occupied and generating reported sales volume in excess of $400 per foot. In-line store rent is reportedly approaching $24 per square foot, triple net. The car count on nearby Harden Blvd. is in excess of 32,500 cars per day. In addition to Lakeland’s strong employment base, quite a few other real estate projects have recently been announced or completed. These include Amazon’s new 1 MM +/- SF fulfillment center, FedEx’s recent announcement of its 300,000 +/- SF distribution center in nearby Davenport, O’Reilly Auto Parts 380,000 +/- SF distribution center, Rooms-to-Go’s 300,000 +/- SF expansion, and the new CSX Intermodal Terminal at full completion will have as much as 8 MM +/- SF. Southern Wine & Spirits is adding another 440,000 +/- SF to its existing facilities as well.
Town Center Apartments at Lakeside Village
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West | Lakeland, FL 33803 Why Lakeland? • Lakeland is in the center of 8.6 million people living and working within a 100 mile radius. • We are 33 minutes to Tampa (58,000 employees) and 44 minutes to Orlando (69,000 employees), respectively the 21st and 26th largest MSA’s in the country. • Lakeland has over 28 MM +/- SF of warehouse space, making it a distribution hub for Central Florida. • Publix, Pepsi, Pepperidge Farms, and Mission Foods have over 2.3 MM +/- SF of combined manufacturing facilities located in Lakeland. • Flagler Development has announced plans for Lakeland Central Park, which is planned for 5.5 MM +/SF of industrial, 650,000 +/- SF of office, 225,000 +/- SF of retail, and 300 residential units. There are also 125 proposed hotel rooms, all to be located approximately 3 miles NW of Lakeside Village. • Florida Polytechnic opened in August of 2014, with approximately 550 students as a STEM University within the State University System, and is planning to grow over time to a student body of 10,000. • LMRC is breaking ground on a $250 million dollar expansion to add a 300,000 +/- SF Medical Pavilion.
Lakelands Top Ten Employers: • • • • • • • • • •
Publix with 8,063 Lakeland Regional Health Care with 4,540 City of Lakeland with 2,600 Geico with 2,300 Watson Clinic with 1,600 Sykes with 1,150 GC Services with 1,000 Rooms-to-Go with 900 Saddle Creek Logistics with 680 Stryker with 600
Publix is headquartered in Lakeland and they have been, and continue to be, a driving force throughout the entire Southeastern United States with approximately 170,000 employees. Publix is the largest employer in all of Florida and had reported revenues of $28.9 billion, placing them among the Fortune 100, while also placing them among the top ten private employers in the entire United States. Publix, Geico, Rooms-to-Go, Amazon, and the Lakeland Regional Medical Center are each 15 minutes by car from Grasslands West. Other notable employers and market drivers are as follows; • • • •
Lockheed Martin with 350 local employees Florida Southern College with 2,192 students and 451 employees Downtown Lakeland houses 2 MM +/- SF of commercial space and has over 6,500 employees Southeastern University has 3,083 students and 400 employees
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
Grasslands West | Lakeland, FL 33803
Distribution
US Hwy 92
Distribution Distribution
Distribution
563
Distribution
Downtown Lakeland
Grasslands Distribution
Distribution
Subject
Distribution
Corporate
Lakeside Village
South Fla. Ave. Polk Parkway
570
Lakeland Regional Airport
US Hwy 98
Regional Office
Significant Employers and Colleges near Grasslands West
Publix Super Markets Corporate Headquarters
Population
1 Mile 3,608
2 Miles 20,251
Households
1,901
9,132
20,267
991
8,412
$69,871 $53,833
$56,996
$72,127
$54,216
Average HH Income
3 Miles 5 Minutes 46,690 1,855
10 Minutes 18,378
114 N. Tennessee Ave., 3rd Floor | Lakeland, FL 33801 | 863.648.1528 | SRDcommercial.com SAUNDERS RALSTON DANTZLER
CONDO/TOWNHOME SITE FOR SALE
Grasslands West
Village Center Drive| Lakeland, FL 33803
Nearby Assets
Lakeside Village
Town Center Apartments at Lakeside Village
Publix Corporate Headquarters
Amazon Fulfillment Center
Grasslands
Golf Course at Grasslands
Your Access Point to Grasslands West
80,000 +/- SF Under Construction on Harden
©2015 Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. All Rights Reserved. Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates fully supports the principles of the Equal Opportunity Act. Each Office is Independently Owned and Operated. Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks owned by Coldwell Banker Real Estate LLC, dba Coldwell Banker Commercial Affiliates. ©2015 Coldwell Banker Commercial Saunders Ralston Dantzler Realty, LLC, All rights Reserved, makes every attempt to provide accurate information on this property, however, does not guarantee the accuracy. Buyer should rely entirely on their own research, inspection of property, and records.
SAUNDERS RALSTON DANTZLER
