Indus Realty Trust Acquires Industrial Property In Lakeland For $17.8M

The industrial property located at 2850 Interstate Drive in Lakeland has been sold in a transaction facilitated by Rick Brugge, Rick Colon, Mike Davis, Dominic Montazemi, and Zach Eicholtz of Cushman & Wakefield, and David Buckner of Buckner Commercial Properties. The property was sold by Knott Realty, represented by James F. Knott and James F. Knott, Jr., to INDUS Realty Trust. The sale price for the property was $17,800,000. The property spans an area of 139,500 square feet, resulting in a price per square foot of $128.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $17,800,000
• Address: 2850 Interstate Drive, Lakeland
• Market: Lakeland

Rick Brugge, Rick Colon, Mike Davis, Dominic Montazemi, Zach Eicholtz, and David Buckner played instrumental roles as brokers in this transaction.