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18,510 SF Lakefront Office/Flex Investment

8667 & 8669 Baypine Road, Jacksonville, Florida 32256
$2,499,000
18,510 SF Lakefront Office/Flex Investment

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

Property Description

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.

Location

Contact

Robert Carrigan
Robert Carrigan
Carrigan Land Group, LLC
Office: (407) 462-7720
[email protected]