Investment Overview

Marcus & Millichap is proud to present for sale 800 E Cypress Creek Rd, a class B office building located on Cypress Creek Road (Northeast 62nd Street), less than a half a mile from Interstate 95 with traffic counts of over 39,000 VPD. 800 E Cypress Creek Road has been exceptionally maintained and provides professional curb appeal and well as ample parking. The building has approximately 93+ surface parking spaces and 25 covered parking spaces and if needed patrons can use the adjacent hotel for a parking; this yields a parking ratio of over 5:1000 feet of rentable area. 800 E Cypress Creek Road has approximately 31,000 feet of rentable area situated on a 1.2-acre parcel. The building has block and tinted glass exterior construction, FOB key entry with 24-hour access, beautiful and well-manicured landscape and ample surface and covered parking. In 2021 the fourth floor was completely remodeled, turning the entire floor into executive suites. The build-out cost approximately $420,000 with approximately $56,000 in furnishings. The executive offices were outfitted with high-end finishes, a business center and a kitchen providing tenants with the amenities necessary to perform day-to-day business activities. The building consists of approximately 70% large suites and approximately 30% executive offices with a history of occupancy over 90%. 800 E Cypress Creek Road has a unique mix of traditional office, executive office, and virtual offices. This diversified tenant mix provides a consistent and steady stream of cash flow while minimizing tenant rollover exposure.