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.
| Website: | https://www.nestseekers.com/5545324 |
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| Address: | JACKSONVILLE, FL 32256 |
| Ownership: | Fee Simple |
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| Type: | Unknown |
| Lot Size: | 3.1 Acres |
Financials
Price:$2,499,000
Annual Taxes:$67,081
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
888 Biscayne Blvd # Unit CU9 Miami, FL 33132 Phone: +1 305-203-4555 Fax: +1 305-675-0745 | |
| Listing Courtesy of CARRIGAN LAND GROUP, LLC | |