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Additional details

Keith Francis

keith@roundtablerealty.com +1(904) 874-2066

$ 2,499,000

Est. payment | -/mo

18,546 SqFt

Save Virtual Tour

$ 2,499,000

Est. payment | -/mo

Save Virtual Tour

18,546 SqFt

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 18,546 sqft

Price per Sqft $134

MLS Listing ID O6414238

Construction Status Completed

HOA Y/N No

Year Built 1994

Annual Tax Amount $67,081

Lot Size 3.050 Acres

Acres 3.05

Property Sub-Type Office

Source Stellar MLS

Property 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.

Location

State FL

County Duval

Area 32256 - Jacksonville

Zoning IBP

Interior

Cooling Central Air

Flooring Carpet

Exterior

Parking Features Ground Level, Over 30 Spaces

Waterfront Description Lake Front

View Y/N Yes

Water Access Yes

Water Access Desc Lake

Roof Type Shingle

Exposure East

Building

Lot Description Central Business District, Curb and Gutters, Landscaped, Retention Pond, Sidewalk, Paved

Entry Level One

Foundation Slab

Lot Size Range 2 to less than 5

Structure Type Brick

New Construction false

Construction Status Completed

Others

Ownership Fee Simple

Special Listing Condition None

Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6414238

Listed by Dylan Bynum CARRIGAN LAND GROUP, LLC

NEARBY SCHOOLS & PROPERTIES

"People Before Property"

Assisting buyers and sellers in achieving their goals is literally what I love to do!

+1(904) 469-7653

admin@roundtablerealty.com

1637 Racetrack Rd, Jacksonville, FL, 32259

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8669 BAYPINE RD Jacksonville, FL 32256