The Geneva Group Acquires Industrial Portfolio In Jacksonville, FL With $5.7M Loan
SOLD
North Dakota
See Similar DealsSold 08/26/2022
SOLD
The Geneva Group Acquires Industrial Portfolio In Jacksonville, FL With $5.7M Loan
6225 & 6255 Lake Gray Boulevard
See Similar DealsSold 08/26/2022
Summary
NORTH DAKOTA
Transaction Type:Sale
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
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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