Cypress Corporate Center Acquires Office Property In Fort Lauderdale For $17.5M
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This Office property located in FL was sold for $17,500,000 over 3 years ago. The brokers of the deal were Tyler Kuhlman and Douglas (Doug) Mandel
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- Location1901 West Cypress Creek Road, Fort Lauderdale, FL, USA
- Sale Price$17,500,000$124 PPSF
- Area140,999 SF
- Asset TypeOffice
- Parties2 Brokers, 1 Agency
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Deal Summary
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SALE
IMAGE: Richard Redmond, Tyler S. Kuhlman, & Douglas K. Mandel
DATE: 12/22/2020
ADDRESS: 1901 W. Cypress Creek Road
MARKET: Fort Lauderdale
ASSET TYPE: Office
BUYER: Cypress Corporate Center
SELLER: ICM (VII) Cypress LP
BROKERS: Tyler S. Kuhlman & Douglas K. Mandel - Marcus & Millichap
SALE PRICE: $17,500,000
SF: 140,999 ~ PPSF: $124
NOTES: The property is situated on a municipal ground lease that is owned by the City of Fort Lauderdale and has just under 50 years of lease term remaining.
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1901 West Cypress Creek Road
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