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.
| MLS # | O6414238 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | For-sale |
| Status | Active |
| Year | 1994 |
| Days On Site | 84 |
| Listing Provided By | CARRIGAN LAND GROUP, LLC | Dylan Bynum |
| SQ Feet | 18,546 |
|---|---|
| Story(s) | 1 |
| Zoning | IBP |
| Acreage | 3.05 |
| Water Front | Yes |
| Property | 67081 |
|---|
| State | FL |
|---|---|
| County | Duval |
| City | JACKSONVILLE |
| Zip Code | 32256 |
| Area | 32256 Jacksonville |
| Listing VS Median (in 32256) | |
Price: $2,499,000 low | high Med: $339,843 sqft: 18,546 low | high Med: 1,549 $ / sqft: $135 low | high Med: $219 On site: 84 low | high Med: 28 | |
| State | FL |
|---|---|
| County | Duval |
| City | JACKSONVILLE |
| Zip Code | 32256 |
| Area | 32256 Jacksonville |
| Listing VS Median (in 32256) | |
Price: $2,499,000 low | high Med: $339,843 sqft: 18,546 low | high Med: 1,549 $ / sqft: $135 low | high Med: $219 On site: 84 low | high Med: 28 | |