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Woodside Capital Partners Acquires Office Park From Taurus Investment Holdings For $19.2M

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SOLD
$19,200,000

Florida

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Office212,240 SF
Sold
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SOLD

Woodside Capital Partners Acquires Office Park From Taurus Investment Holdings For $19.2M

10550 Deerwood Park Boulevard

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Office212,240 SF
Sold
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$90
Total Square Footage:212,240 SF
Transaction Type:Sale

The Greystone at Town Center office park, located at 10550 Deerwood Park Boulevard in Jacksonville, was sold for $19.2 million. The property spans 212,240 square feet and was purchased by Woodside Capital Partners from Taurus Investment Holdings. The office park features five single-story buildings with floorplates ranging from 34,000 to 50,000 square feet and 850 parking spaces. Tenants in the park include Paycor, Next Science, and DJ & Lindsey Real Estate. It is conveniently situated between interstates 295 and 95, approximately 12 miles from downtown Jacksonville, with easy access to shopping centers.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $19,200,000
  • Market: Jacksonville
  • Buyer: Woodside Capital Partners
  • Seller: Peter Merrigan - Taurus Investment Holdings
  • Brokers: Karl Johnston & Traci Jenks - Cushman & Wakefield

Cushman & Wakefield facilitated the deal between Woodside Capital Partners and Taurus Investment Holdings for the sale of Greystone at Town Center. Woodside Capital Partners, a Texas-based firm, made the acquisition of this strategic office park in Jacksonville, Florida, known for its ideal location and diverse tenant mix. The brokers involved in the transaction were Karl Johnston and Traci Jenks from Cushman & Wakefield, showcasing their expertise in commercial real estate deals.

Players

Karl Johnston
6 deals$157.6M volume
BROKER

Traci Jenks
Cushman & Wakefield
2 deals$38.8M volume(904) 228-2944
BROKER

Details

SOLD
IMAGE: 04/11/2024 ADDRESS: 10550 Deerwood Park Boulevard MARKET: Jacksonville ASSET TYPE: Office BUYER: Woodside Capital Partners SELLER: Peter Merrigan - Taurus Investment Holdings BROKERS: Karl Johnston & Traci Jenks - Cushman & Wakefield SALE PRICE: $19,200,000 SF: 212,240 ~ PPSF: $90 NOTE: Woodside Capital Partners, a Texas-based firm, purchased Greystone at Town Center, a 212,240-square-foot office park in Jacksonville, Fla., for $19.2 million from Taurus Investment Holdings, as reported by CommercialEdge data, with Cushman & Wakefield facilitating the deal. The park consists of five single-story buildings with floorplates ranging from 34,000 to 50,000 square feet and 850 parking spaces, housing tenants such as Paycor, Next Science, and DJ & Lindsey Real Estate, and it is strategically located between interstates 295 and 95, about 12 miles from downtown Jacksonville, with convenient access to shopping centers.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,024,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$68,213.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,017.80
Annual Debt Service$1,092,213.54