Berger Commercial Realty Sells Cypress Creek Corporate Corridor Building for $4.8M
The Cypress Creek Center, among the most desirable buildings in the popular Cypress Creek corporate corridor, was sold for $4.8 million on March 11, 2020.
Berger Commercial Realty/CORFAC Senior Vice President Steve Hyatt and Vice President Brian Batchelder represented the seller, Bright Angel, Inc. Previously, Berger Commercial Realty represented the seller in the successful sale of a commercial warehouse property during 2019.
South Florida Innovative Office, LLC, the Cypress Creek Center buyer, intends to take over the building’s leasing and management, as well as renovate the common areas. Built in 1997, the building was remodeled in 2018.
“This is South Florida Innovative Office’s first entry into the Broward office market and they’re looking to acquire more,” Hyatt said. “The Cypress Creek Center has been well-maintained and provides a solid basis for a long-term, stable investment in an established market.”
With 38,707 square feet situated on 1.75 acres with industrial zoning, the three-story Class B building is located at 1000 N.W. 65th St. in Fort Lauderdale centrally between I-95 and Florida’s Turnpike.
For more information about Berger Commercial Realty’s services, call (954) 358-0900.