8667 & 8669 Baypine Rd
Office | 6.59% CAP | 18,546 SqFt
Marketing description
8667 & 8669 Baypine Road consists of two lakefront office/flex buildings totaling approximately ±18,546 square feet strategically located within Jacksonville's established Baypine / Deerwood office corridor with convenient access to Interstate 95.
The property has been professionally maintained and recently underwent extensive capital improvements, including landscaping enhancements, parking lot improvements, waterproofing work, fire panel modernization, and additional exterior and interior maintenance.
8667 & 8669 Baypine Road presents a compelling opportunity to acquire a stabilized two-building office/flex investment property strategically located within Jacksonville's established Baypine / Deerwood business corridor. The property benefits from long-term tenant occupancy history of approximately 15+ years, a recently exercised 5-year renewal option, a Triple-Net (NNN) least structure, and contractual 5% annual rent escalations providing investors with stable in-place cash flow and long-term income growth. Current in-place rental rates remain substantially below prevailing market rental rates within the surrounding submarket, creating significant future mark-to-market rental upside potential and opportunity for continued NOI growth over time.
Investment highlights
- Long-Term Tenant Occupancy Since 2011
- Recently Exercised Additional 5-Year Renewal Option
- Triple-Net (NNN) Lease Structure
- 5% Annual Contractual Rent Escalations
- Significant Existing Tenant Investment in Facility
- Strong Long-Term Commitment to Property
- Extensive Recent Ownership Capital Improvements
- Current In-Place Rents Below Market Rental Rates
- Strategic Baypine / Deerwood Office Corridor Location
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