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NOI Net Operating Income N/A
Cap Rate N/A

Attributes

Year Built 1988
Occupancy 93.0 %

Property Description

11-story 201,305 SF Class A Office Tower with Structured Parking.

Investment Highlights

JLL is pleased to exclusively offer for sale Cypress Financial Center (the “Property”), the premier Class A office tower in Cypress Creek that has recently been upgraded and is 93% leased. The Property offers an astounding 8.1 years of weighted average lease term (WALT) and is anchored by Hayes Medical Staffing, which is in the initial stages of a phased takedown of space through 2022 and will occupy 77,105 SF. The Property recently underwent a $2.7 million comprehensive multi-year upgrade project which included an elevator modernization and renovation of multi-tenant corridors, restrooms and the main lobby. The capital infusion allows Cypress Financial Center to offer CBD-quality stature and experience at a significant rent discount to other submarkets. Cypress Financial Center also boasts direct, slip ramp ingress/egress to I-95, which is arguably the best interstate connectivity in all of South Florida. Furthermore, the Property features approximately 250 feet of frontage along I-95 and, as a result, the most recognizable office building signage in South Florida, visible by more than 280,000 vehicles per day. With long-term tenancy and completed capital enhancements, Cypress Financial Center offers exceptional risk-adjusted returns to a qualified investor.
Hermen Rodriguez
Hermen Rodriguez
Senior Managing Director, Capital Markets
License details
FL-SL3018820
Matthew McCormack
Matthew McCormack
Director, Capital Markets

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