8667 & 8669 Baypine Road Office FOR SALE


Jacksonville, FL - Deerwood Center
$2,499,000 USD
407-462-1039
, Jacksonville, FL for Sale
$2,499,000 USD
Office - FOR SALE
1/45
null | 6.59% Cap Rate

8667 & 8669 Baypine Road
Jacksonville, FL
Deerwood Center


HIGHLIGHTS

  • Long-Term Tenant Occupancy Since 2011
  • 6.59% Cap Rate with Contractual 5% Annual Rent Escalations
  • Below-Market In-Place Rental Rates Creating Future NOI Growth Potential

OVERVIEW

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. Please refer to the attached Offering Memorandum for detailed financial information, lease terms, rent growth projections, capital improvements, and additional investment highlights.

ASK ABOUT THIS PROPERTY

Dylan BynumCarrigan Land Group, LLCMore Info
407-462-1039

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Dylan BynumCarrigan Land Group, LLCMore Info
407-462-1039

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.