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

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.