Jacksonville, Florida 32256 THREE OFFICE … › d2 › cnFVMM42NW5XnzwVa847xl741...Jacksonville,...
Transcript of Jacksonville, Florida 32256 THREE OFFICE … › d2 › cnFVMM42NW5XnzwVa847xl741...Jacksonville,...
OFFERING SUMMARY
8665, 8667, 8669 Baypine Road Jacksonville, Florida 32256
OFFERING PRICE:$4,950,000
THREE OFFICE BUILDINGS 70,186 SQUARE FEET
LAKESIDEPLAZA
BUILDING DETAILS
Address:8665-8669 Baypine Road,
Jacksonville, Florida 32256
Number of Buildings: Three (3)
Number of Floors:One (1) three-story building and
two (2) single-story buildings
Tax Real Estate Number: 152612-0320
Date Built: 1988
Gross Building Area: 70,186 square feet
Rentable Building Area: 64,593 square feet
Land Size: 5.37 Acres
Zoning: IBP (Industrial Business Park)
Access: Baypine Road
Parking: 231 Surface Spaces including 5
designated ADA accessible
parking spaces; Ratio of 3.6/1,000 SF
Current Occupancy: 75%
THE OPPORTUNITYNAI Hallmark, as exclusive advisor, is privileged to present the opportunity
to acquire Lakeside Plaza located at 8665-8669 Baypine Road in
Jacksonville, Florida 32256 (the “Property”). The Property consists of a
three-story, multi-tenant office building and two single-story, single-tenant
office buildings for a total of 70,186 square feet. This Class B office property
is situated on 5.37 acres of land located in the Deerwood Center Office
Park off of Baypine Road, which is adjacent to, and runs parallel with
Interstate-95. The Property was built in 1988 with several recent renovations
completed, including but not limited to, LED lighting in common areas,
select HVAC unit replacements, awning replacements, security camera
system, and restroom updates.
INVESTMENT HIGHLIGHTSGREAT LOCATION
� Located in the Butler/Baymeadows office submarket
of Jacksonville, the Property draws tenants from
all over the city due to its central location, close
proximity to upscale residential neighborhoods,
and national retailers, restaurants and other nearby
amenities.
VALUE-ADD OPPORTUNITY
� There is an opportunity to increase occupancy and
rates to the submarket average. In addition to the
value add opportunity, the Property is also currently
positively cash flowing.
PROXIMITY TO MAJOR ROADS
� Located in Deerwood Center, the property has easy
and quick access to US-1. Interstate-95 is less than
one mile away and Interstate-295 is less than four
miles away.
CAPTIVE AND DENSE TRADE AREA
� There is a population of 172,249 with an average
household income of $74,493 within a 5-mile radius
of Lakeside Plaza. In addition, there are 143,875
daytime employees.
POTENTIAL FOR OWNER USER
� The current occupancy gives a buyer the
opportunity to own and use the Property, which
presents potential cost savings and cash flow for the
owner. Currently, the Property has approximately
10,000 SF available on the second floor, and could
immediately accommodate users up to 16,000 SF.
N
LAKESIDEPLAZA
119,000 A.A.D.T.
8669 BAYPINESINGLE-STORY
13,740 RSF
8667 BAYPINESINGLE-STORY
4,806 RSF 8665 BAYPINETHREE-STORY
46,047 RSF
AERIAL
FOR MORE INFORMATION:KEITH GOLDFADENManaging Partner +1 904 [email protected]
DANIEL BURKHARDTVice President +1 904 [email protected]
LUKE FELDMANAssociate +1 904 [email protected]
6675 Corporate Center Parkway, Suite 100Jacksonville, Florida 32216+1 904 363 9002naihallmark.com