Updated May 12, 2025
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
About this deal
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.
On the Map
$82,300,000
$92/SF
Industrial
View full map
Players
Jacksonville Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
Loading comparables…
Deal FAQ
Visit Michael Arougheti to view all their deals.
Browse Jacksonville industrial loans on Traded.
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