A Colorado investment group bought the NorthPort Logistics Center on Wednesday for $33 million.
The almost 873,000-square-foot mega-warehouse, on 76.8 acres at 11530 New Berlin Road in North Jacksonville, was developed in 2009. Its assessed value is almost $20.7 million.
Real Capital Solutions, based in Louisville, Colo., bought the property from Atlanta-based Oakmont New Berlin Road LLC.
Real Capital Solutions bought the property through RCS-Northport CAN LLC and Northport CPY LLC, which own it with a 23 percent and 77 percent interest respectively.
U.S. Bank issued a $28 million mortgage to the limited liability companies Wednesday. The deed and mortgage were recorded Thursday with the Duval County Clerk of Court,
Both Northport LLCs were filed with the state in September.
Real Capital Solutions was created in 1984 by Marcel Arsenault, who is a manager of the Northport LLCs. He is the company chairman and CEO.
The other two LLC managers are Real Capital Solutions Inc. and its chief operating officer, Sharon Eshima.
Real Capital Solutions says it has specialized in real estate workouts, which is the planning, renovation and lease-up or sell-out of economically distressed properties.
It has four initiatives: Condo, homebuilder, apartment and commercial capital solutions.
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