JACKSONVILLE, FL 32256

Property

Ownership: Fee Simple
Type: Unknown
Lot Size: 3.1 Acres

Financials

Price:$2,499,000
Annual Taxes:$67,081
888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of CARRIGAN LAND GROUP, LLC

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.

Description

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 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.

Amenities

  • Central Business District
  • Curb And Gutters
  • Fire Alarm
  • Lake Front
  • Landscaped
  • Paved
  • Retention Pond
  • Security Lights
  • Sidewalk
  • Tinted Windows

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.