Midtown Shopping Center

Location: Ashland, KY
Type: Retail
Price: $ 8,475,000

SMC has provided an $8,475,000 loan for the acquisition of Midtown Shopping Center, a 153,723 SF anchored shopping center located in Ashland, KY. The property is anchored by Kroger and Big Lots, and is currently 81% leased to 11 tenants. The loan provided financing for an acquisition price of $11.3 million.