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8667 & 8669 Baypine Road 2 Office Properties Offered at $2,499,000 in Jacksonville, FL
Investment Highlights
- Long-Term Tenant Occupancy Since 2011
- Below-Market In-Place Rental Rates Creating Future NOI Growth Potential
- 6.59% Cap Rate with Contractual 5% Annual Rent Escalations
Executive Summary
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 a ±13,704 SF main building and a ±4,806 SF ancillary 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 SEE THE ATTACHED OFFERING MEMORANDUM FOR COMPLETE FINANCIAL INFORMATION, LEASE DETAILS, RENT GROWTH PROJECTIONS, CAPITAL IMPROVEMENTS, AND INVESTMENT HIGHLIGHTS. PLEASE ALSO SEE THE ATTACHED SURVEY ILLUSTRATING THE PROPOSED LOT SPLIT, AS THE SALE OF THE PROPERTY IS SUBJECT TO COMPLETION OF THE LOT SPLIT.
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 SEE THE ATTACHED OFFERING MEMORANDUM FOR COMPLETE FINANCIAL INFORMATION, LEASE DETAILS, RENT GROWTH PROJECTIONS, CAPITAL IMPROVEMENTS, AND INVESTMENT HIGHLIGHTS. PLEASE ALSO SEE THE ATTACHED SURVEY ILLUSTRATING THE PROPOSED LOT SPLIT, AS THE SALE OF THE PROPERTY IS SUBJECT TO COMPLETION OF THE LOT SPLIT.
Property Facts
| Price | $2,499,000 | Number of Properties | 2 |
| Price / SF | $135.99 / SF | Individually For Sale | 0 |
| Cap Rate | 6.59% | Total Building Size | 18,377 SF |
| Sale Type | Investment NNN | Total Land Area | 1.15 AC |
| Status | Active |
| Price | $2,499,000 |
| Price / SF | $135.99 / SF |
| Cap Rate | 6.59% |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 18,377 SF |
| Total Land Area | 1.15 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Lakeside Plaza
8669 Baypine Rd, Jacksonville, FL 32256 |
Office | 13,740 SF | 1984 | - |
|
Lakeside Plaza
8667 Baypine Rd, Jacksonville, FL 32256 |
Office | 4,637 SF | 1988 | - |
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8667 & 8669 Baypine Road
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