Active

$2,499,000

Features:
  • Bedrooms
  • 0 Bathrooms
  • sq ft
Overview
  • ID: MFRO6414238
  • Bedrooms:
  • Bathrooms: 0
  • Size: sq ft
Property Details
Remarks
Virtually Staged. Rare opportunity to acquire a stabilized ±18,510 SF two-building lakefront office/flex investment property located within Jacksonville's highly sought-after Baypine / Deerwood business corridor. Situated on a professionally maintained waterfront campus with abundant parking, mature landscaping, and immediate access to Interstate 95 and Butler Boulevard (JTB), the property consists of both a ±13,704 SF main building and a ±4,806 SF building. Recent ownership capital improvements, strong curb appeal, and a strategic location within one of Jacksonville's premier office submarkets position this asset as a compelling long-term investment opportunity. The property is 100% occupied by a long-term established organization with more than 15 years of occupancy history and a recently exercised renewal option, providing stable in-place cash flow through a Triple-Net (NNN) lease structure with contractual 5% annual rent escalations. The offering presents an attractive 6.59% cap rate based on current income, with projected NOI growth through future rent escalations and additional upside potential from below-market in-place rental rates.
Financial Considerations
Price:
$2,499,000
HOA Fee:
N/A
Tax Amount:
$67081
Price per SqFt:
$134.75
Tax Legal Description:
See "Exhibit A Legal Description"
Exterior Features
Lot Size:
132858
Lot Features:
Central Business District, Curb and Gutters, Landscaped, Retention Pond, Sidewalk, Paved
Waterfront:
Yes
Parking Spaces:
N/A
Parking:
Ground Level, Over 30 Spaces
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
Bathrooms:
0
Heating:
N/A
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Carpet
Levels:
One
Additional Features
Property Sub Type:
Office
Style:
N/A
Year Built:
1994
Construction Type:
Brick
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
East
Pets Allowed:
No
Special Condition:
None
Additional Features:
N/A
Additional Features 2:
N/A
Map
  • Address
    8669 BAYPINE RD
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