Front Gate Plaza

Location: Lancaster, CA
Type: Retail
Price: $ 13,750,000

SMC has provided a $13,750,000 ten-year mortgage to refinance the existing CMBS loan secured by Front Gate Plaza. Located in Lancaster, CA, Front Gate Plaza is a 128,378 SF grocery-anchored retail center currently 98% occupied. National tenants include Stater Bros, Goodwill Industries, H&R Block, Subway, Pizza Hut, Taco Bell, and Wells Fargo. The loan is cross-collateralized with four other mortgage loans originated by SMC and secured by Orange Street Plaza, Foothill Village Plaza, Gateway Fashion Mall and Pueblo Shopping Center.