Cypress Portfolio

Jones Lang LaSalle (“JLL”) is pleased to present the exclusive opportunity to acquire Cypress Point Business Park (the “Property”), an exceptional six-building flex portfolio totaling 226,500 rentable square feet in Jacksonville’s highly sought after Butler/Baymeadows submarket. Built from 1999 to 2004 and currently 62% occupied, the Property offers a 4.6-year Weighted Average Lease Term (WALT) and an attractive 7.8-year Weighted Average Tenant Tenure (WATT), while boasting an impressive parking ratio of 6.8 spaces per 1,000 square feet.

The Property benefits from its prime location with superior highway connectivity, providing direct access to Interstate 95 and US Route 1, positioning tenants within a convenient 10-minute drive to St. John’s Town Center. Two fully occupied industrial/ flex buildings within the portfolio feature enhanced clear heights of 20 feet and 9 total dock high roll-up doors, catering to strong tenant demand for versatile office and industrial space in Jacksonville’s dynamic market.

With nearly 85,000 square feet of available space, Cypress Point Business Park presents substantial value-add potential through strategic lease-up and repositioning initiatives. The Property offers exceptional business plan optionality, including lease-up opportunities, potential owner-user sales of individual buildings, or redevelopment strategies. Occupied suites have benefited from extensive tenant buildouts and substantial capital investment, significantly reducing future tenant improvement costs. The Property’s diversified tenant roster spans multiple industries while maintaining low management intensity through only six tenants and NNN lease structures.

This combination of prime Butler/Baymeadows location, attractive cost basis, and exceptional business plan flexibility creates a compelling investment opportunity in one of Florida’s most dynamic growth markets.