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Southern Plaza

Off-Market

1925 East Edgewood Drive, Lakeland, FL 33803

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  • Property Type Office - General Office
  • Property Size 31,659 Sqft
  • Lot Size 3.76 Acre
  • Parking Spaces Avail. 158
  • Parking Ratio 5.00/ 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class C
  • Year Built 1977

Location

  • City Lakeland, FL
  • Neighborhood Lake Somerset
  • Zip Code 33803
  • Market Tampa St Petersburg Clearwater

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 08 Dec, 2003
  • Purchase Price $1,249,500
  • Arm's Length
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Lakeland

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Lakeland Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $19.20
  • 2020 Office Vacancy Rate 6.35 %
  • 2020 Office Completions (Sqft) 33,000
View more Lakeland market trends

Tax

  • Property Tax in 2020 $65,190
  • Market Value $3,419,294
  • Assessed Value $3,419,294

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Southern Plaza?

Southern Plaza totals 31,659 square feet.

When was this property built?

Southern Plaza was built in 1977.

When was Southern Plaza last sold?

Southern Plaza was last sold on 08 Dec, 2003.

What was the last purchase price for Southern Plaza?

Southern Plaza was last sold for $1,249,500.

What is the property tax for Southern Plaza?

The property tax for Southern Plaza in 2020 was $65,190.

What is the market value for Southern Plaza?

The market value for Southern Plaza in 2020 was $3,419,294.

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