SOLD
The Geneva Group Acquires Industrial Portfolio In Jacksonville, FL With $5.7M Loan
6225 & 6255 lake gray boulevard
Sold 1 year ago
Summary
Sale
NORTH DAKOTA
The industrial property located at 6225 & 6255 Lake Gray Boulevard in Jacksonville, FL has been involved in a recent closed transaction. The property spans a total of 91,486 square feet and falls under the industrial asset category.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,700,000
The property was acquired by The Geneva Group, represented by Jared Elmar, who acted as the landlord in the transaction. Black Bear Capital Partners, with Eric Trombly as the broker, facilitated the deal on behalf of The Geneva Group.
The acquisition of this two-property industrial portfolio was made possible through a non-recourse loan. The loan amount for this transaction was $5,700,000, and it was structured as an acquisition loan with a 7-year fixed interest rate. The loan terms included interest-only payments.
Details
SOLD
IMAGE: Jared Elmar & Eric Trombly
DATE: 08/26/2022
ADDRESS: 6225 & 6255 Lake Gray Boulevard
MARKET: Jacksonville, FL
ASSET TYPE: Industrial ~ SF: 91,486
LANDLORD: The Geneva Group - Jared Elmar
BROKER: Eric Trombly - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $5,700,000
LOAN TYPE: Acquisition
LOAN TERMS: The two (2) property industrial portfolio, spanning 91k SF, was acquired with a non, recourse, 7-year fixed rate loan with interest only payments.View on map
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Address6225 & 6255 lake gray boulevard
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