MDH Partners Acquires 557,100 Square Foot Industrial Portfolio In Lakeland For $67.7 Million

MDH Partners has acquired a three-building industrial portfolio located at 5135 Drane Field Road, 3400 County Line Road, and 3490 County Line Road in the Lakeland, FL market. The transaction was completed for $67.7 million, covering a total area of 557,100 square feet with a price per square foot of $122.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $67,700,000
• Buyer: Jeff Small, Jr. - MDH Partners
• Seller: Zack Markwell - Stonemont Financial Group
• Brokers: Cody Brais, John Huguenard, Luis Castillo, Taylor Osborne, David Orta Jr., & Mia Gian - JLL
• Market: Lakeland, FL
• Square Feet: 557,100
• Price per Square Foot: $122

The acquisition of this portfolio by MDH Partners expands their industrial presence within the Tampa-area logistics market. The sale was arranged by JLL Capital Markets, showcasing the collaborative effort between various professionals in the real estate sector to facilitate this deal.