Updated Jul 17, 2026
MDH Partners Acquires 557,100 Square Foot Industrial Portfolio In Lakeland For $67.7 Million
5135 Drane Field Road, 3400 County Line Road & 3490 County Line Road
$67,700,000
$40/SF
Building Size
557,100 SF
Asset Type
Industrial
Closing
Jul 16, 2026
About this deal
AI
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.
On the Map
$67,700,000
$40/SF
Industrial
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Players
Middlesboro Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93