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5135 Drane Field Road

Updated Jul 17, 2026

SOLDIndustrial

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:

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

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$67,700,000

$40/SF

Industrial

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Players

Luis Castillo

JLL

Broker

$2.4B

vol

59 deals

Broker

Jeff Small, Jr.

MDH Partners

Buyer

$606.4M

vol

10 deals

Buyer
Zack Markwell

Zack Markwell

Stonemont Financial Group

Seller

$1.5B

vol

17 deals

Seller
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Middlesboro Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $40 per square foot on a published $67.7M for 1,671,300 square feet (2026).

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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

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