$2,499,000 - 8669 Baypine Road, JACKSONVILLE
- -
- Bedrooms
- -
- Baths
- N/A
- SQ. Feet
- 3.05
- Acres
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.
Essential Information
-
- MLS® #:
- O6414238
-
- Price:
- $2,499,000
-
- Acres:
- 3.05
-
- Year Built:
- 1994
-
- Type:
- Commercial Sale
-
- Sub-Type:
- Office
-
- Status:
- Active
Community Information
-
- Address:
- 8669 Baypine Road
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- Area:
- Jacksonville
-
- City:
- JACKSONVILLE
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- County:
- Duval
-
- State:
- FL
-
- Zip Code:
- 32256
Amenities
-
- Parking:
- Ground Level, Over 30 Spaces
-
- Is Waterfront:
- Yes
-
- Waterfront:
- Lake Front
Interior
-
- Cooling:
- Central Air
Exterior
-
- Lot Description:
- Central Business District, Curb and Gutters, Landscaped, Retention Pond, Sidewalk
-
- Roof:
- Shingle
-
- Foundation:
- Slab
Additional Information
-
- Days on Market:
- 55
-
- Zoning:
- IBP
Listing Details
- Listing Office:
- Carrigan Land Group, Llc