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8669 BAYPINE RD Jacksonville, FL 32256
18,546 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 18,546 sqft
Price per Sqft $134
MLS Listing ID O6414238
Construction Status Completed
HOA Y/N No
Year Built 1994
Annual Tax Amount $67,081
Lot Size 3.050 Acres
Acres 3.05
Property Sub-Type Office
Source Stellar MLS
Property Description
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.
PLEASE SEE THE ATTACHED OFFERING MEMORANDUM FOR COMPLETE FINANCIAL INFORMATION, LEASE DETAILS, RENT GROWTH PROJECTIONS, CAPITAL IMPROVEMENTS, AND INVESTMENT HIGHLIGHTS. PLEASE ALSO SEE THE ATTACHED SURVEY ILLUSTRATING THE PROPOSED LOT SPLIT, AS THE SALE OF THE PROPERTY IS SUBJECT TO COMPLETION OF THE LOT SPLIT.
Location
State FL
County Duval
Area 32256 - Jacksonville
Zoning IBP
Interior
Cooling Central Air
Flooring Carpet
Exterior
Parking Features Ground Level, Over 30 Spaces
Waterfront Description Lake Front
View Y/N Yes
Water Access Yes
Water Access Desc Lake
Roof Type Shingle
Building
Lot Description Central Business District, Curb and Gutters, Landscaped, Retention Pond, Sidewalk, Paved
Entry Level One
Foundation Slab
Lot Size Range 2 to less than 5
Structure Type Brick
New Construction false
Construction Status Completed
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/O6414238
