Mount Rose Plaza

Location: York, PA
Type: Retail
Price: $ 3,100,000

Mount Rose Plaza is a 58,244 square-foot neighborhood retail shopping center located in York, Pennsylvania. The Property is 95% leased and occupied by a discount tenant mix of 7 tenants, 6 of which are national retailers including Save-A-Lot, Family Dollar, Dunkin’ Donuts and Pizza Hut. The Property is located along a primary thoroughfare at a traffic light-signaled intersection and surrounded by more than 56,000 rooftops within a 5 mile radius.

Starwood’s $3.1MM first mortgage financed 73% of the Borrower’s net purchase price, thus meeting the sponsor’s leverage requirements and enabling them to acquire the property from a major REIT within the allotted time under the purchase contract.