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10550 Deerwood Park Boulevard

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

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

10550 Deerwood Park Boulevard

$19,200,000

$90/SF

Building Size

212,240 SF

Asset Type

Office

Closing

Apr 11, 2024

AI

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

Cushman & Wakefield

Broker

$157.6M

vol

6 deals

Broker

Jacksonville Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93