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8669 Baypine Rd
For Sale $2,499,000
$2,499,000
- Units
- Unknown Sq Ft
- 132,858 Sq Ft
- Unknown Cap Rate
Description
One or more photo(s) has been 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.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,499,000 |
| Property Type | Office |
| Usable Sqft | Unknown |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1994 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 152612 0320 |
| MLS # | O6414238 |
| Property ID | 304421698 |
| Lot Sqft | 132,858 |
| Zoning | IBP |
| Days on Market | 25 |
| Original List Price | $2,499,000 |
| Date Updated | June 08, 2026 |
| Date Created | June 05, 2026 |
Financials not available online. Please inquire with your agent for more details.
Listing Provided By
Dylan Bynum an agent of CARRIGAN LAND GROUP, LLC.
© 2026 STELLAR MLS. All rights reserved. Some listings on this website are from STELLAR as of June 08, 2026 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT