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Affinius Capital Provides $82.3 Million Loan For Eastport Logistics Park In Jacksonville

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FINANCED
$82,300,000

Florida

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Industrial890,000 SF
Financed 02/24/2025
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FINANCED

Affinius Capital Provides $82.3 Million Loan For Eastport Logistics Park In Jacksonville

10145 Eastport Road

See Similar Deals
Industrial890,000 SF
Financed 02/24/2025
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Summary

FLORIDA
Asset Type:Industrial
Price Per Square Foot:$92
Total Square Footage:890,000 SF
Transaction Type:Loan

The property involved is the Eastport Logistics Park, an industrial asset located at 10145 Eastport Road in Jacksonville, Florida. The facility encompasses 890,000 square feet and is situated near key transportation hubs, designed with modern industrial features such as 32- to 36-foot clear heights and 222 dock-high doors.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $82,300,000
  • Lender: Len O'Donnell - Affinius Capital
  • Landlord: Jeff Berryhill & David Burch - InLight Real Estate Partners; Michael Arougheti - Ares Management
  • Market: Jacksonville
  • Completion Date: Q1 2026

Affinius Capital provided financing for the project, which is developed by InLight Real Estate Partners in collaboration with a fund managed by Ares Management. This transaction highlights the partnership between these two companies and their strategic focus on developing logistics facilities in emerging markets.

Players

LO
12 deals$2.1B volume
LENDER

LENDER

3 deals$87.2M volume
LANDLORD

Details

FINANCED
IMAGE: Len O'Donnell, Jeff Berryhill, Michael Arougheti & David Burch DATE: 02/24/2025 ADDRESS: 10145 Eastport Road MARKET: Jacksonville ASSET TYPE: Industrial ~ SF: 890,000 LENDER: Len O'Donnell - Affinius Capital LANDLORD: Jeff Berryhill & David Burch - InLight Real Estate Partners; Michael Arougheti - Ares Management LOAN AMOUNT: $82,300,000 NOTE: Affinius Capital provided $82.3 million in financing for the 890,000-square-foot Eastport Logistics Park in Jacksonville, Fla., developed by InLight Real Estate Partners and an Ares Management-sponsored fund. The four-building project, near key transportation hubs, is set for completion in Q1 2026 with modern industrial features, including 32- to 36-foot clear heights and 222 dock-high doors.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$82,300,000.00

Monthly NOI$548,666.67
Monthly Debt Service$520,191.98
Change in Cash Flow$0.00
Refinance Proceeds$0.00