Cypress Business Center Sells for $8 Million

JACKSONVILLE, Fla., February 18th, 2020 – Daniel Burkhardt and Keith Goldfaden with NAI Hallmark, and David Ellis and Alex Waddey with NAI Global, announced today the sale of Cypress Business Center at 8301 Cypress Plaza Drive, Jacksonville, Florida 32256 (the “Property”) for $8,000,000. The buyer was Woodside Capital Partners based out of Fort Worth, Texas. This marks Woodside Capital’s second office/warehouse acquisition in Jacksonville over the past few years.

“We experienced an unbelievable amount of interest in this sale, generating nearly 20 offers due to its location and value-add potential,” said Daniel Burkhardt, Senior Vice President of NAI Hallmark. “We continue to see high demand for single-story office product in Jacksonville.”

Located in the Cypress Business Park on the south side of Jacksonville, Cypress Business Center is a multi-tenanted office building totaling 120,682 square feet across ­five buildings. The Property is situated on 14.66 acres and is 54% occupied by a diversified tenant mix including Fanatics, Stanley Security and Claims Questions, LLC.

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