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Property Detail

Baypine Road
Prime Owner/User Opportunity: Benefit from occupying part of the property .
$4,500,000

Description

  • Prime Owner/User Opportunity: Benefit from occupying part of the property while generating a steady income from existing stable tenants.
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  • Professional Setting: Tenants enjoy a professional, park-like setting in the thriving Butler/Baymeadows submarket, tapping into a robust labor pool.
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  • Excellent Connectivity: Near-direct access to US Highway 1 and Interstate 95, with smooth connectivity to Interstate 295 less than 4 miles away.
  • Recent Renovations: Significant updates in 2023 include a new roof and a resurfaced parking lot, ensuring a modern and well-maintained environment.
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  • Strategic Location: Deerwood Center Office Park enjoys access to upscale neighborhoods, a robust labor pool, national retailers, and restaurants.
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  • Investment Potential: The Jacksonville MSA benefits from significant population and employment growth, making it a strong investment opportunity.

Executive Summary

8665 Baypine Road is a meticulously maintained, turnkey property in Jacksonville's desirable Butler/Baymeadows office submarket. This three-story building features several recent upgrades, including a new roof and a resealed and restriped parking lot. The property encompasses 50,225 total square feet, with 60% of the rental square feet currently occupied, providing a steady cash flow for the owner while offering the opportunity to occupy additional space. The potential exists to increase occupancy and rental rates to align with the submarket average.
 
Inside, the property boasts a beautifully designed lobby with interior landscaping, creating a fresh, rejuvenating environment for tenants. Ample parking is available. The serene exterior green spaces enhance the appeal, providing a pleasant work environment.
 
Part of Lakeside Plaza, 8665 Baypine Road, benefits from proximity to upscale residential neighborhoods, national retailers, and various restaurants and amenities. Jacksonville has been recognized as one of the Urban Land Institute's supernova cities since 2021, encountering some of the nation's highest net population growth rates. The property is within a dense trade area with a population of 191,845 and an average household income of $93,565 within a five-mile radius. Seamless access to US Highway 1, Interstate 95 (less than 1 mile away), and Interstate 295 (less than 4 miles away) makes this property a strategically positioned investment opportunity.

Lakeside Plaza

Listing ID : 00698

SKU: 698

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Price History

DateEventPrice
December 6 2024Listed$4,500,000.00