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4237 Salisbury Road

VMC Provides Acquisition Loan For 4237 Salisbury Road Office In Jacksonville Represented By Strato
FINANCEDOffice

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

Jonathan Sultan

Strato

Broker

$152.6M

vol

4 deals

Broker
S
StratoBrokerage

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