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Retail

Permanent Loan - Refinance

  • $3,775,000
  • 64,151 SF Grocery Anchored Retail Plaza
  • Mechanicville, NY

Axiom Capital Corp. has arranged $3,775,000 in permanent financing for the refinance of a retail plaza in Mechanicville, NY. The Property is located at the main
intersection of Routes 4, 67 and 32. The Property is a convenient shopping center Mechanicville and the surrounding communities including Stillwater and Schaghticoke.

Tenants at the plaza include grocery anchor Price Chopper, Dollar General, Albany Medical College (d/b/a Albany Med EmUrgent Care), Trustco Bank as well as a wine and liquor store and a restaurant offering Chinese cuisine. At the time of closing the Trustco Bank branch located at the Property had a large share of the market at 39.8%.