Southpoint Suites consists of 48,808 square feet in two buildings leased as executive office suites.
JACKSONVILLE, FLORIDA – July 10, 2017 – Keith Goldfaden and Daniel Burkhardt of NAI Hallmark Partners announced today that they represented the seller in the sale of Southpoint Suites Buildings I and II. The Property, located in Southpoint Business Park, one of the top performing office submarkets in the city, consists of 48,808 square feet in two buildings. A private investor acquired the property for $2.6 million and plans on continuing to operate the Property as executive office suites.
“We targeted a specific buyer pool for this property, given the current use is executive suites,” said Daniel Burkhardt, Vice President of NAI Hallmark Partners. “Southpoint Suites was purchased by an investor as part of a 1031 exchange because the Property offered attractive in-place income in a desirable location near the intersection of I-95 and Butler Blvd. (SR 202).”
Keith Goldfaden, a Principal with NAI Hallmark Partners added, “This marks the fourth office property NAI’s investment sales team has sold within the Southpoint Business Park over the past 18 months with two additional properties currently under contract.”