JACKSONVILLE, FL., – August 16, 2023 – NAI Hallmark, Jacksonville’s largest domestically owned industrial actual property brokerage and property administration agency, proclaims the sale of Lakeside Plaza situated at 8665, 8667, and 8669 Baypine Street, Jacksonville, FL (the “Property”). Senior Vice President Daniel Burkhardt, SIOR and Managing Accomplice Keith Goldfaden represented the vendor, Acorn Property Holdings. The Purchaser, Narut Land Firm, Inc., bought the Property for $4,325,000.
“Lakeside Plaza was a aggressive providing, given the Property’s fascinating location, institutional high quality, and robust in place money circulation with extra upside.” stated Daniel Burkhardt, Senior Vice President at NAI Hallmark. Burkhardt added, “Regardless of the present capital markets setting, we’re seeing an elevated demand for high quality workplace funding property.”
The Property consists of a three-story, multi-tenanted workplace constructing and two single-story, single-tenant workplace buildings for a complete of 64,593 sq. toes. The Property is located on 5.37 acres of land situated within the Deerwood Middle Workplace Park off of Baypine Street, which is adjoining to, and runs parallel with Interstate-95. The Property was inbuilt 1988 with a number of current renovations accomplished, together with however not restricted to, LED lighting in frequent areas, choose HVAC unit replacements, awning replacements, safety digicam system, and restroom updates.
NAI Hallmark will handle and lease the property for Narut Land Firm. For extra info concerning the sale of Lakeside Plaza, or any questions referring to funding gross sales all through Northeast Florida, please contact Daniel Burkhardt at [email protected].
