Lakefront Office
New
For Sale
$2,499,000
Pending
8669 BAYPINE, Jacksonville, FL 32256
Fully occupied office space operates under a Triple-Net lease with contractual annual rent increases.
Property Size18,546 SF
Days on Market2
Property Features for 8669 BAYPINE
General Information
Standard status
Pending
Size
18,546 SF
Property subtype
Commercial
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
6.59%
Taxes and HOA fees
Annual Taxes
$67,081
Amenities
lakefront
Building Details
Building Size
18,546 SF
Year Built
1994
Buildings
2
Tenancy
Single
Listing Agency:
CARRIGAN LAND GROUP, LLC
Listed By:
Robert Carrigan, IV · License #3453947
(407) 462-7720
Source:
Elliman
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 10 at 3:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CARRIGAN LAND GROUP, LLC
Investment Insights
Based on property information with market context.
This 1994 office property comprises two buildings totaling approximately 18,510 SF: a 13,704 SF primary building and a 4,806 SF second building. The waterfront campus has mature landscaping and abundant parking. It is fully occupied by an established organization with more than 15 years of occupancy history, and a renewal option has recently been exercised. The Triple-Net lease includes contractual 5% annual rent escalations.
The property is in Jacksonville’s Baypine/Deerwood business corridor, with access to Interstate 95 and Butler Boulevard (JTB). The current-income cap rate is 6.59%.
The property is in Jacksonville’s Baypine/Deerwood business corridor, with access to Interstate 95 and Butler Boulevard (JTB). The current-income cap rate is 6.59%.
Key Highlights
- Two office buildings total approximately 18,510 SF
- Main building: approximately 13,704 SF; second building: approximately 4,806 SF
- 100% occupied by an organization with more than 15 years of occupancy history
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
757
Businesses Nearby
Explore this area
Business Placement
Demographics for 32256, FL
53,611
Population
27,735
Households
1.9
Avg Household Size
37
Median Age
53%
College-Educated
97%
High-School Grad
61.4 sq mi
ZIP Area
873
Density / Sq Mi
$73,203
Median Household Income
$47,360
Median Earnings
$1,586
Median Rent
$360,200
Median Home Value
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Market
Vacancy Rate% for Office in Jacksonville, FL
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Frequently Asked Questions
What type of property is this?
Office building - Fully occupied office space operates under a Triple-Net lease with contractual annual rent increases.
Where is this office building located?
The property is located at 8669 BAYPINE Jacksonville, FL.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Two office buildings total approximately 18,510 SF; Main building: approximately 13,704 SF; second building: approximately 4,806 SF; 100% occupied by an organization with more than 15 years of occupancy history
