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8667 & 8669 Baypine Road 2 Office Properties Offered at $3,487,654 CAD 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 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.
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.
Property Facts
| Price | $3,487,654 CAD | Number of Properties | 2 |
| Price / SF | $189.78 CAD / 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 | $3,487,654 CAD |
| Price / SF | $189.78 CAD / 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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