VMC Provides Acquisition Loan For 4237 Salisbury Road Office In Jacksonville Represented By Strato
4237 Salisbury Road
Building Size
18,969 SF
Asset Type
Office
Closing
Nov 20, 2025
AI
The property asset involved in this transaction is located at 4237 Salisbury Road in Jacksonville. It is classified as an office space, covering 18,969 square feet. The loan type for this asset is an acquisition loan, facilitated by VMC, the lender in this transaction.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Asset Address: 4237 Salisbury Road
- Market: Jacksonville
- Asset Size: 18,969 SF
- Lender: VMC
- Landlord: Aron Elkaim
- Broker: Jonathan Sultan & Jonathan Singer - Strato
- Loan Type: Acquisition
Jonathan Sultan and Jonathan Singer served as the broker representatives for the landlord, Aron Elkaim. The successful coordination of this transaction was highlighted in a note from the broker, recognizing the trust from a repeat client and the effective identification of a lender who valued the strength of the sponsor and the demand for Class B office space in the Jacksonville submarket.
Players
Jacksonville Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93