$2,499,000
Active · 46 days on market · MLS# MFRO6414238
| Lot size | 3.05 acres |
|---|---|
| Year built | 1994 |
| Property type | Office |
| Waterfront | Yes |
| Annual taxes | $67,081 |
| County | Duval |
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.
Listing courtesy of Dylan Bynum, CARRIGAN LAND GROUP, LLC. Presented by MC Homes Realty Inc · 727432218.