FINANCED
Jarred Elmar And Ben Genet's Industrial Property In Kissimmee, FL Acquired With $6.4M Loan - Black Bear Capital Partners
2420-2450 Smith Street
Industrial
Financed 1 year ago
Summary
Loan
FLORIDA
Industrial
The industrial property located at 2420-2450 Smith Street in Kissimmee, FL has been acquired in a closed transaction. The property spans 105,000 square feet and is classified as an industrial asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Address: 2420-2450 Smith Street, Kissimmee, FL
The acquisition of this industrial property was made possible through a non-recourse, 5-year fixed-rate loan. The loan amount of $6,400,000 will be used for the purchase, and the terms of the loan include interest-only payments.
Leading the transaction were Jarred Elmar from The Geneva Group and Ben Genet from The Genet Property Group, representing the landlord. Eric Trombly of Black Bear Capital Partners acted as the broker in this deal.
Players
Details
FINANCED
IMAGE: Jarred Elmar, Ben Genet & Eric Trombly
DATE: 09/20/2022
ADDRESS: 2420-2450 Smith Street
MARKET: Kissimmee, FL
ASSET TYPE: Industrial
LANDLORD: Jarred Elmar (@Jelmar2000) – The Geneva Group (@Geneva_Gp) & Ben Genet – The Genet Property Group (@GenetPropertyGroup)
BROKER: Eric Trombly (@Trombly17) - Black Bear Capital Partners (@BlackBearCapitalPartners)
LOAN AMOUNT: $6,400,000
LOAN TYPE: Acquisition
LOAN TERMS: The acquisition of the 105k SF industrial property was financed with a non-recourse, 5-year fixed-rate loan with interest-only payments.View on map
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Address2420-2450 Smith Street
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