Permanent Loan - Acquisition$3,300,000
51,373 SF Free Standing Retail Building
Axiom Capital Corporation announces the closing of a $3,300,000 permanent loan for the acquisition of a 51,373 sf freestanding retail building located in in the City of Farmington, St. Francois County, Missouri. The property was constructed in 2016 and has been 100% occupied by Hobby Lobby. The property is situated between Menards and Rural King, both of which are strong traffic generators to the area. The property is located on Bray Road just off Highway 67 with nearly 22,000 vehicles per day. Farmington is the regional center for commerce, industry, retail, healthcare, government services, recreation, and entertainment.