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10145 Eastport Road

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

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

10145 Eastport Road

$82,300,000

$92/SF

Building Size

890,000 SF

Asset Type

Industrial

Closing

Feb 24, 2025

AI

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

Len O'Donnell

Affinius Capital

Lender

$3.1B

vol

13 deals

Lender
Affinius Capital
Affinius CapitalLender

David Burch

InLight Real Estate Partners

Landlord

$87.2M

vol

3 deals

Landlord

Jacksonville Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.19%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93