Permanent Loan - Refinance
- 83,194 SF Grocery Anchored Retail Plaza
- Melbourne, FL
Axiom Capital Corp. has structured and arranged a $5,300,000 permanent loan for the refinance of grocery anchored shopping center in the City of Melbourne, Brevard County, Florida.
The Property is located along a retail corridor on Wickham Road – a major road that transects Melbourne east to west (45,500 AADT) approximately 1.3 miles east of Interstate 95. The Property is within a high growth location seeing a 14.63%, 13.80% and 12.99% population increase since 2010 for 1-, 3- and 5-mile radius, respectively. The Property is surrounded by national and regional tenants like Wells Fargo, Chase Bank, Citizens Banks, Regions Bank, Walgreens, Taco Bell, Domino’s Pizza, Dairy Queen and Carrabba’s Italian Grill.