About this property
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.
Please refer to the attached Offering Memorandum for detailed financial information, lease terms, rent growth projections, capital improvements, and additional investment highlights.
Property details
- Property Type
- Improved property
- Building Type
- Freestanding
- Building Size
- 18,510 sqft
- Land Size
- 3.05 acres
- Sewer
- City
- Water
- JEA
- Zoning
- IBP
- Electric
- JEA
- Year Built
- 1988
- Roof
- Shingle
- Parking
- 100+
- Construction
- Masonry/Brick
Documents 2 files
Last updated: Oct 1, 2026
Location
- Address
-
8667 & 8669 Baypine Road
Jacksonville, Florida 32256