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309 S Acuff Rd. Lake Wales, Florida will be sold via online auction on May 13, 2014 from 11:00 am to 3:00 pm. The Starting Bid has been set at $$1,500,000 ($9 psf). Please visit the auction website www.AuctionPoint.com/LakeWales for more information and to register for the auction, or contact the listing agents for more information. Located in the heart of Central Florida close to the new CSX Intermodal facility near the intersection of State Road 60 and US Hwy 27 is the former Sealy Bedding Manufacturing Company. This property is situated on 33.35 Acres +/- at the end of Acuff Road in Lake Wales and consists of 9 one story buildings with 100+/- paved parking spaces available. The property also includes 2 wells a 12” and a 4” supplying all the water, a sewage treatment plant, 500,000 gallon water storage tank and a retention pond. Buildings 1-6 are constructed of concrete block and have 10-32 ft. ceiling heights and dock high loading areas. Building 7 is a steel warehouse with ceiling height of 24’ ft and a loading dock on rail spur. Building 8 is a concrete block office building with 12’ ft. Ceiling height. Building 9 is a service garage with a 200 sq. ft. office and a mezzanine area. All of the buildings are equipped with a fire sprinkler system. The site contains 15 acres of surplus land, is fully fenced, and has a guard house located at the entrance for security. There is a rail spur located on the property but the switch was removed and will need to be re-installed. Please see attached Flyer for additional pictures, building descriptions and maps. - Parking description: On-site, asphalt paved parking - Area description: West Lake Wales. Surrounding uses are agricultural, industrial, neighborhood commercial and residential. - Number of buildings: 9 - Building condition: Average
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On average, listings lease in the $10's per square foot per year. The Lake Wales submarket is going through a an increase in rates. In the last 3 months, the median rate rose $20 per sqft per year. That's a Inf% rise in rent.
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