8669 Baypine Road, Jacksonville, FL 32256
- $2,499,000
- List Price
- $2,499,000
- Status
- ACTIVE
- Days on Market
- 54
- MLS#
- O6414238
- Subtype
- Commercial Sale
- Style
- One Story
- Year Built
- 1994
- Lot Size
- 132,858
- Acres
- 3.05
- MLS Area Major
- Jacksonville
Property Description
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.
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Additional Information
- Location
- Central Business District, Curb and Gutters, Landscaped, Retention Pond, Sidewalk, Paved
- Community Features
- No Deed Restriction
- Property Description
- One Story
- Zoning
- IBP
- Air Conditioning
- Central Air
- Exterior Construction
- Brick
- Levels
- One
- Roof
- Shingle
- Foundation
- Slab
- Parking
- Ground Level, Over 30 Spaces
- Parking Features
- Ground Level, Over 30 Spaces
- Garage Features
- Ground Level, Over 30 Spaces
Listing courtesy of CARRIGAN LAND GROUP, LLC. 407-462-7720
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