Chesterfield Crossing

Location: Chesterfield, MI
Type: Retail
Price: $ 4,300,000

SMC’s $4,300,000 first mortgage loan refinanced the existing debt on a 100% occupied, 39,280 SF Class A neighborhood shopping center located in Chesterfield, MI, approximately 15 miles northeast of the City of Detroit and 23 miles northeast of Detroit’s downtown business district. The Property is in the process of expanding one of its tenant’s spaces by an additional 2,240 SF, resulting in a total, post-expansion net rentable area of 41,520 SF. Built in 1995 and renovated in 2011, the Property is located along a major retail corridor, with an average daily traffic count in excess of 30,000. The Property benefits from a strong mix of national and regional tenants such as Aspen Dental, Pet Supplies Plus, Cash Connection, Hamlin Pub, O’Reilly Automotive, Play it Again Sports and World of Floors.