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.


Property

Website:https://www.nestseekers.com/5545324
Address:
JACKSONVILLE, FL 32256
Ownership: Fee Simple
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

Contact

888 Biscayne Blvd # Unit CU9 Miami, FL 33132
Listing Courtesy of CARRIGAN LAND GROUP, LLC

JACKSONVILLE FL 32256 USA