8669 BAYPINE RD, JACKSONVILLE, FL, 32256
$2,499,000
Commercial Sale
|
Lot Size
132,858 Sqft
|
One or more photo(s) has been 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 a ±13,704 SF main building and a ±4,806 SF ancillary 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.
PLEASE SEE THE ATTACHED OFFERING MEMORANDUM FOR COMPLETE FINANCIAL INFORMATION, LEASE DETAILS, RENT GROWTH PROJECTIONS, CAPITAL IMPROVEMENTS, AND INVESTMENT HIGHLIGHTS. PLEASE ALSO SEE THE ATTACHED SURVEY ILLUSTRATING THE PROPOSED LOT SPLIT, AS THE SALE OF THE PROPERTY IS SUBJECT TO COMPLETION OF THE LOT SPLIT.
Property Details
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRO6414238 | Year Built: | 1994 | |
| Construction Materials: | Brick | Cooling: | Central Air | |
| Country: | US | County Or Parish: | Duval | |
| Direction Faces: | East | Flooring: | Carpet | |
| Foundation Details: | Slab | Levels: | One | |
| Listing Agreement: | Exclusive Right To Sell | Lot Features: | Central Business District, Curb and Gutters, Landscaped, Retention Pond, Sidewalk, Paved | |
| Occupant Type: | Tenant | Parking Features: | Ground Level, Over 30 Spaces | |
| Property Condition: | Completed | Property Sub Type: | Office | |
| Property Type: | Commercial Sale | Road Frontage Type: | County Road | |
| Road Surface Type: | Asphalt, Paved | Roof: | Shingle | |
| Security Features: | Fire Alarm, Security Lights | Showing Requirements: | Call Listing Agent 2, Call Listing Agent, Call Listing Office, Do Not Contact Tenants | |
| Special Listing Conditions: | None | Standard Status: | Active | |
| State Or Province: | FL | Waterfront Features: | Lake Front | |
| Window Features: | Tinted Windows | |||
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