Depot Marketplace

Location: Prescott, AZ
Type: Retail
Price: $16,600,000

SMC provided a $16,600,000 loan to defease a CMBS loan secured by a portion of Depot Marketplace and to facilitate the acquisition of the parcel on which Sprouts grocery store is located within the center. The Property is located at 100-186 E. Sheldon St. and 351 & 377 N. Montezuma St., Prescott, AZ, at the Northeast corner of Montezuma Street and Sheldon Street in the heart of downtown Prescott. The Subject consists of a 132,602 SF grocer-anchored retail center that was built in phases between 1990 – 1998, and most recently renovated in 2016. The major tenants at the Property are Sprouts, Starbucks, Walgreens and Staples.