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33925119
33925118

2 Locations

RC
FL FL BK35453947
Carrigan Land Group
DB
FL SL3498727
Carrigan Land Group
Listed by Carrigan Land Group
$2,499,000
5 days on market
Updated 5 days ago

8667 & 8669 Baypine Rd

Details
Property Type Office
Square Footage 18,546
Units 2
Cap Rate 6.59%
NOI $164,752
Tenancy Single
Lease Type NNN
Rent Bumps Yes
Buildings 2
Investment Type Stabilized
Sale Condition N/A

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

Listing Contacts

RC
FL FL BK35453947
Carrigan Land Group
DB
FL SL3498727
Carrigan Land Group
Listed by Carrigan Land Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,752.00
$13,729.33/mo

Valuation Metrics

0
DSCR
6.59%
Cap Rate
6.59%
ROI

Map

Zoning

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IBP MixedMixed UseIndustrial Business Park
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Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Robert Carrigan
License
FL BK35453947
Brokerage Phone
4074627720
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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