Baywood Center

Highlights

• NEARBY RESTAURANTS AND AMENITIES FOR TENANTS: Numerous popular restaurants, grocery and drug stores are located close to the Property, many within walking distance, including Starbucks, First Watch, Four Rivers BBQ, Chipotle, Publix, Wal-Mart Neighborhood Market and Walgreens. The walkability to some of these services distinguishes the Property from many of its suburban competitors.
• PROXIMITY TO MAJOR ROADS AND HIGHWAYS: Centrally located just east of the intersection of Interstate-95 and Baymeadows Road with over 115,000 AADT, the Property is a convenient commute for employees throughout the Jacksonville MSA. In addition, the property is 0.5 miles from Southside Blvd (54,000 AADT) and 1.5 miles and 3.0 miles from US-1 and I-295, respectively.
• VALUE ADD OR OWNER USER OPPORTUNITY: There is an opportunity to increase occupancy and rates to the submarket average. In addition to the value add opportunity, there is also the possibility for a buyer to occupy a portion of the building. The Property is also currently positively cash flowing.
• FAST GROWING MAJOR METRO IN FLORIDA WITH NO STATE INCOME TAX: This offering provides the opportunity to invest in the Jacksonville, FL MSA, which is benefiting from major population and employment growth. Jacksonville has consistently enjoyed some of the largest increases in net population inflow in the entire country for the past several years and was named the #2 hottest job market in America by the WSJ in 2024.

Description

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. 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.

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.