138 Pearce Road, Auburndale, FL 33823

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William A. E.

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Building Details:

138 Pearce Road is aland property for lease in Auburndale, FL.

This 23.33 acre parcel is currently a cash-flowing orange and grapefruit grove with the potential to be developed in the future
as a residential community. The property is currently located in unincorporated Polk County, but has the potential to be
annexed into the city of Auburndale with access to their utilities. It is ideally located within the growth path as the new Florida
Poly College Campus which is set to open later this year is within two miles of the site.

Location: The parcel is located on both the east and west side of Pearce Road in Auburndale, FL. The parcel is south of Mt Olive Road
and north of Pace Road. It can be easily accessed from both the Polk Parkway off the Pace Road exit and I-4 off of CR 559
exit.

Size: 23.32 Acres on the east side of Pearce Rd. 20.01 on the west side

Production: 2011 Net Income of $86,838.30
2012 Net Income of $93,291.00
2013 Net Income of $50,426.38

Parcel ID: The Polk County parcel ID is 25-27-08-000000-021040 and 25-27-08-000000-023020

Utilities: The property is currently served by well water. The parcel is within the Auburndale Utility Service Area, however it does not
appear that the water and sewer lines have been run to the property as the currently time.

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