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Retail

Permanent Loan - Refinance

  • $15,000,000
  • 99,400 SF Grocery Anchored Retail Plaza
  • Montgomery, NY

Axiom Capital Corp. has arranged $15,000,000 in permanent financing for the refinance of a grocery anchored retail plaza in Montgomery, NY. The Property is located less than half a mile from I-84, a major local highway with a 42,634 annual average daily traffic count.

The Property consists of a 14.30-acre site improved with a 99,400 square foot building that was constructed in 1995. The grocery anchor occupies 56,000 square feet and is responsible for the remaining 43,400 square feet of inline retail space with subtenants that include a pharmacy and a mix of local retailers including a hair salon, a wine and liquor store, restaurants, etc.