Property 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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Property Details

Highlights

Waterfront

Yes

Interior

Building Area Total

18546

Cooling

Central Air

Flooring

Carpet

Security Features

Fire AlarmSecurity Lights

Virtually Staged

Yes

Window Features

Tinted Windows

Construction

Building Area Source

Public Records

Building Area Units

Square Feet

Construction Materials

Brick

Direction Faces

East

Foundation Details

Slab

Levels

One

Living Area Units

Square Feet

Property Condition

Completed

Roof

Shingle

Year Built

1994

Site & Exterior

Flood Zone Code

X

I D X Participation

Yes

Lot Features

Central Business DistrictCurb and GuttersLandscapedRetention PondSidewalk

Lot Size Acres

3.05

Lot Size Area

3.05

Lot Size Square Feet

132858

Lot Size Units

Acres

Parking Features

Ground LevelOver 30 Spaces

Public Survey Range

27E

Public Survey Section

51

Road Frontage Type

Street PavedCounty Road

Road Surface Type

PavedAsphalt

Total Acreage

2 to less than 5

Water Access

Yes

Water View

Yes

Waterfront

Yes

Waterfront Features

Lake Front

Waterfront Feet Total

Yes

Zoning

IBP

Financials

Calculated List Price By Calculated Sq Ft

134.75

Contract Status Change Date

2026-06-05

Current Price

2499000

Feed Types

BBO

Owner Name

NARUT LAND COMPANYINC

Ownership

Fee Simple

Parcel Number

152612 0320

Public Survey Township

3S

Tax Annual Amount

67081

Tax Block

0000

Tax Book Number

0000

Tax Legal Description

See "Exhibit A Legal Description"

Tax Lot

0000

Tax Year

2025

Neighborhood & Lifestyle

Community & Association

M L S Area Major

32256 - Jacksonville

Listing provided courtesy of STELLAR via IDX. Updated: Jun 8, 2026, 12:38pm.

8669 BAYPINE ROAD

8669 BAYPINE ROAD

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Dylan Bynum

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8669 BAYPINE ROAD

8669 BAYPINE ROAD

Property Description

Property Details

Highlights

Interior

Construction

Site & Exterior

Financials

Neighborhood & Lifestyle

Community & Association

Dylan Bynum