Tatum Ranch Crossing

Location: Cave Creek, AZ
Type: Retail
Price: $6,250,000

SMC has provided a $6,250,000 ten-year fixed rate loan on a 31,001 SF retail center located in Cave Creek, Arizona, approximately 25 miles north of the Phoenix CBD. The Property is adjacent to a 53,000 SF, corporate owned Safeway grocery store and fuel center at the northeast corner of Tatum Boulevard (14,400 VPD) and Cave Creek Road (32,657 VPD). The area surrounding the Property includes numerous residential neighborhoods and several upscale, master-planned communities. The neighborhood boasts strong demographics with a population of 25,027 and 57,326 and an average household income of $130,985 and $138,778 within a 3- and 5-mile radius, respectively.