Baywood Center | 9428 Baymeadows Rd
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Baywood Center 9428 Baymeadows Rd
120,485 SF 78% Leased Office Building Jacksonville, FL 32256 For Sale
Investment Highlights
- Numerous popular restaurants, grocery and drug stores are located close to the Property, many within walking distance.
- There is an opportunity to increase occupancy and rates to the submarket average.
- Jacksonville has consistently had large increases in net population inflow for the past several years and named the #2 hottest job market in America.
- Centrally located, the Property is a convenient commute for employees throughout the Jacksonville MSA.
- The Property is positively cash flowing, while also providing opportunity for a buyer to occupy a portion of the building.
Executive Summary
NAI Hallmark, as exclusive advisor, is privileged to present the opportunity to acquire Baywood Center, located at 9428 Baymeadows Road in Jacksonville, Florida 32256 (the “Property”). The Property consists of a six-story, multi-tenanted office building totaling 120,485 square feet. The Property is situated on 5.54 acres of land in Jacksonville’s Butler/Baymeadows submarket, and has quick and easy access to Baymeadows Road, I-95, US-1 and Southside Blvd. It was built in 1985 and recently underwent several renovations including a complete exterior repainting, refinished brass on the elevators, parking lot reseal/restripe, and parking lot LED light installation.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
120,485 SF
Building Class
B
Year Built
1985
Percent Leased
78%
Tenancy
Multiple
Building Height
6 Stories
Typical Floor Size
20,081 SF
Slab To Slab
8’
Building FAR
0.50
Lot Size
5.54 AC
Zoning
CRO - Commercial Residential Office
Parking
458 Spaces (3.8 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,132,203 | |
| Land Assessment | $2,170,597 | Total Assessment | $11,302,800 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,170,597
Improvements Assessment
$9,132,203
Total Assessment
$11,302,800
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Baywood Center | 9428 Baymeadows Rd
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