Jacksonville, Florida 32256 THREE OFFICE … › d2 › cnFVMM42NW5XnzwVa847xl741...Jacksonville, Florida 32256 (the “Property”). The Property consists of a three-story, multi-tenant

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