NAI Hallmark Brokers $7,750,000 Sale of 9428 Baymeadows Road

JACKSONVILLE, FL – October 14, 2025 – NAI Hallmark, Jacksonville’s largest locally owned commercial real estate brokerage and property management firm, announces the sale of 9428 Baymeadows Road (the “Property”). Daniel Burkhardt, CCIM, SIOR, Keith Goldfaden, and Alex Caliel represented the Seller, Acorn Property Holdings. The Buyer, Cato Holdings, LLC. purchased the Property for $7,750,000.

The Property consists of a six-story, multi-tenanted office building totaling 115,096 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.

“Jacksonville’s office investment market continues to show encouraging signs of activity and capital inflow,” said Daniel Burkhardt, Senior Vice President at NAI Hallmark. “Transaction velocity has strengthened throughout 2025 as investors continue to bet on Jacksonville’s growth story and the long-term fundamentals driving demand across the office sector.”

Centrally located just east of the intersection of Interstate-95 and Baymeadows Road, the Property is a convenient commute for employees throughout the Jacksonville MSA. 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.

For more information about the sale of 9428 Baymeadows Road, or inquiries regarding investment real estate opportunities across Northeast Florida, please contact Daniel Burkhardt at db@naihallmark.com.

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Media Contact:

Pauline Gerry Phone: +1 904 363 9002 Email: pg@naihallmark.com