Summergate Centre

Location: Las Vegas, NV
Type: Retail
Price: $2,125,000

SMC has provided a $2,125,000 ten-year fixed rate mortgage for the acquisition of Summergate Centre, a 12,172 SF retail center located in Las Vegas, NV. The Property fronts W. Lake Mead Boulevard (39,805 VPD) and is located within a mixed use development consisting of multiple restaurants, medical offices and approximately 100,000 SF of traditional office space. The center is located less than one mile west of the US-95 freeway and the neighborhood boasts a population of 73,703 and 160,862 within a 3 and 5-mile radius, respectively. The Property is currently 100% occupied and is home to a mix of regional and local tenants.