Cardenas Market Center

Location: Fontana, CA
Type: Retail
Price: $18,500,000

SMC provided an $18,500,000 ten-year fixed rate loan on a 67,000 sf suburban grocery anchored retail center located in Fontana, CA. The Property was built in 2006, anchored by a 47,000 sf Cardenas Market grocery store and also includes two outparcels ground-leased to Bank of America and Starbucks Coffee. The property was 98% occupied at time of closing and is located approximately 50 miles east of the Los Angeles CBD.