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Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1994
Sq.Footage
18,546
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Brick
-
Other Exterior Features
Dock
-
Pool
No
-
Waterfront YN
YES
-
View
Lake, Pond, Water
Area & Lot
-
Lot Features
Landscaped, Paved, Waterfront
-
Lot Size(acres)
3.05
-
Lot Size(square feet)
132858.0
-
Property Type
Commercial Sale
-
Property Sub Type
Office
Price
-
Sales Price
$2,499,000
-
Tax Amount
$67,081
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
New Construction
NO
-
Foundation Details
Slab
-
Ownership
Fee Simple
-
Tax Lot
0000
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Location
County
Duval
Elementary School
Middle School
High School
Listing Courtesy of Dylan Bynum , CARRIGAN LAND GROUP, LLC
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Business Coach | Executive Sales Associate | Realtor®
Michael Graf
Call Michael today to schedule a private showing.
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