The Shoppes at Letson Farms

Location: McCalla, AL
Type: Retail
Price: $8,850,000

SMC has provided an $8,850,000 ten-year fixed rate mortgage for the acquisition of The Shoppes at Letson Farms, a 95,092 SF shopping center anchored by Piggly Wiggly located in McCalla, AL. The Property is 94% occupied by 26 tenants including Piggly Wiggly, Dollar Store, Subway, Allstate Insurance, and Verizon Wireless.  The Property was built in 2002 and is located approximately 10 miles southwest of the Birmingham CBD.