The Geneva Group Acquires Industrial Portfolio In Jacksonville, FL For $5.7M Loan

The industrial property located at 6225 & 6255 Lake Gray Boulevard in Jacksonville, FL has been acquired in a closed transaction. The property is part of a portfolio consisting of two buildings, spanning a total of 91,486 square feet. The acquisition was made possible through a non-recourse, 7-year fixed rate loan with interest-only payments.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $5,700,000
• Market: Jacksonville, FL
• Landlord: The Geneva Group - Jared Elmar
• Broker: Eric Trombly - Black Bear Capital Partners

The Geneva Group, represented by Jared Elmar, served as the landlord for the property. Black Bear Capital Partners, with Eric Trombly as their broker, facilitated the acquisition of the industrial portfolio. The loan terms included a 7-year fixed rate with interest-only payments, allowing for a smooth transaction.