Winter Haven industrial property with retail residential mix sold

A Polk County investor has bought a 15,090-square-foot industrial property in Winter Haven. 

The buyer, an LLC named Silver Lake Apartments, paid $1.1 million for the property at 3545 Recker Highway, about 12 miles west of Lakeland. 

The previous owner, Cabessa Property Management, paid $660,000 for it in 2022. 

CBRE, which represented Cabessa and announced the sale, says it sits on .98-acres and features 30 small-bay units across four buildings. 

The property consists of three retails units, 25 storage spaces varying in size, 29 parking spaces, a manager’s apartment and a single-family residence. 

It is 50% occupied, allowing for the new owners to increase occupancy and raise below market in-place rent, says CBRE. 

The firm’s Tyler Kuhlman and Luke Hansen represented Cabessa.