Cambridge East & West 2 Office Properties Offered at $19,431,158 CAD in Jacksonville, FL

Cambridge East & West presents a rare opportunity to acquire two premier four-story lakefront office buildings totaling 132,774 square feet in Jacksonville’s highly sought-after Deerwood Center Office Park. Strategically located on Baymeadows Way West, the property offers unmatched central access to Philips Highway (U.S. 1), J. Turner Butler Boulevard, and I-95, placing it at the heart of Jacksonville’s thriving suburban office corridor. The buildings are surrounded by top-tier amenities including the upscale St. John’s Town Center, Avenues Mall, and the University of North Florida, enhancing tenant appeal and retention.
Cambridge East, built in 2002 and never occupied, has recently undergone extensive capital improvements including new lobbies, restrooms, and HVAC systems, making it move-in ready. Cambridge West, developed in 1995, is partially leased to AmeriHealth Caritas through December 2028, following a $1M renovation of their space. With current occupancy at 0% and 50% respectively, the property offers significant upside through lease-up in a market showing strong fundamentals—Jacksonville’s leasing activity rose 14.4% in Q4 2024, and Class A rents increased to $24.47 PSF.