Permanent
- $25,000,000
- 86,931 SF Grocery Anchored Retail Plaza
- College Point, NY
Axiom Capital Corp has arranged $25,000,000 in permanent financing for the refinance of a ShopRite anchored retail center located in College Point, Queens County, New York. The Property consist of 86,931 square feet of rentable space situated on 7.97-acre site. The first building was built in 1992 and has 77,649 square feet. The second building was built in 2019-2020 and has 9,282 square feet.
The Project is strategically situated in an excellent location right off I-678 on 20th Avenue (23,339 average annual daily traffic). I-678 is a major highway that primarily runs north to south through two boroughs of New York City and experiences 185,043 average annual daily traffic.