Scott Porter Of Bluecrest Capital Advisors Acquires Cypress Point Business Park In Jacksonville For $28.15M

The property asset involved in the transaction is a mixed-use space located at 8099 Nations Way, Jacksonville, FL. The transaction amounted to $28,150,000 and encompasses a total of 226,500 square feet. The price per square foot for this transaction is $124.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $28,150,000
• Address: 8099 Nations Way
• Market: Jacksonville, FL
• Square Footage: 226,500
• Price per Square Foot: $124
• Buyer: Scott Porter - Bluecrest Capital Advisors
• Seller: Viking Partners Cypress LLC
• Brokers: Robbie McEwan & Jesse Jones - JLL
• Lender: First Horizon Bank
• Mortgage Broker: Philip Rachels - CBRE

Bluecrest Capital Advisors acquired the Cypress Point Business Park from Viking Partners Cypress LLC, marking its largest acquisition and its first purchase outside of Tennessee. The property is currently 62% leased, and Bluecrest plans to convert 85,000 square feet of vacant space to small-bay light industrial and reposition 76% of the park for that use within three years.