Updated Jun 23, 2025
Albany Road Acquires Commercial Property From Geneva Group In Lakeland For $18.3M
2315 Commerce Point Dr
$18,300,000
$133/SF
Building Size
137,291 SF
Asset Type
Commercial
Closing
Dec 16, 2021
About this deal
AI
The property asset involved in this transaction is located at 2315 Commerce Point Dr in Lakeland. This commercial asset spans a total area of 137,291 square feet and was sold for a transaction amount of $18,300,000.00.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $18,300,000.00
- Address: 2315 Commerce Point Dr
- Market: Lakeland
- Square Footage: 137,291.0
- Buyer: Albany Road
- Seller: Geneva Group
- Brokers: Tyler Kuhlman
The key individuals involved in the deal include Albany Road as the buyer and Geneva Group as the seller, with Tyler Kuhlman facilitating the transaction.
On the Map
$18,300,000
$133/SF
Commercial
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Players
Lakeland Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93