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1325 Gateway Acquires Office Property In Lakeland For $9.8M

402 South Kentucky Avenue
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This Office property located in FL was sold for $9,800,000 over 3 years ago. The brokers of the deal were Jaclyn Blair and Douglas (Doug) Mandel

Located at 402 S. Kentucky Avenue in Lakeland, this office property was recently sold in a transaction. The sale was facilitated by Douglas Mandel and Jaclyn Blair from Marcus & Millichap. The property spans a total of 69,447 square feet and was sold for a price of $9,800,000. The buyer of the property was 1325 Gateway, represented by Douglas Mandel and Jaclyn Blair.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $9,800,000
  • Square Footage: 69,447
  • Address: 402 S. Kentucky Avenue
  • Market: Lakeland

This transaction represents a significant investment in the office market. The property was successfully sold through the efforts of Douglas Mandel and Jaclyn Blair from Marcus & Millichap, who represented the buyer, 1325 Gateway.

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Deals
  • Location
    402 South Kentucky Avenue, Lakeland, FL, USA402 South Kentucky Avenue, Lakeland, FL, USA
  • Sale Price
    $9,800,000$9,800,000
    $70 PPSF$70 PPSF
  • Area
    138,894 SF138,894 SF
  • Asset Type
    OfficeOffice
  • Parties
    2 Brokers, 1 Agency2 Brokers, 1 Agency

Agents

Jaclyn Blair

Jaclyn Blair

Deals3
Sold$13.7M

Agency

Marcus & Millichap

Marcus & Millichap

Agency
Deals6999
Volume$66B

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Deal Summary

SALE IMAGE: Douglas Mandel & Jaclyn Blair DATE: 11/02/2020 ADDRESS: 402 S. Kentucky Avenue MARKET: Lakeland ASSET TYPE: Office BUYER: 1325 Gateway BROKERS: Douglas Mandel & Jaclyn Blair - Marcus & Millichap PRICE: $9,800,000 SF: 69,447 ~ PPSF: $141

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402 South Kentucky Avenue

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