Properties

IFB 26-123-044

Cypress Point Business Park


KEY SELLING POINTS

  • high-growth market based on population, jobs, quality of life
  • located in supply-constrained Butler/Baymeadows submarket
  • increased demand for space by business service industries
  • high barriers to entry (i.e. rising land values and construction + financing costs)
  • underserved market with SBLI space
  • 62% occupied enables immediate space conversions

INVESTMENT STRATEGY

  • complete exterior property upgrades
  • convert immediately three vacant buildings to SBLI
  • execute redevelopment and leases to create SBLI tenant mix of 75% warehouse, 25% office at market rate


Property Images

Aerial 2 - IFB 26-123-181 Op1 IFB 26-123-044 IFB 26-123-063 IFB 26-123-047 IFB 26-123-039

At acquisition

62%

occupied

6

units/tenants

Office Percentage
Warehouse Percentage

$13.60

SF Rent

6

buildings

$28.15

million

purchase price