Tatum Plaza

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

SMC has provided a $6,250,000 ten-year fixed rate mortgage for the refinance of Tatum Plaza, a 29,460 SF shopping center located in Cave Creek, Arizona. Built in 2007, the property is currently 91.9% leased to a mix of national, regional and local tenants. The Property is adjacent to a 65,800 SF, corporate owned Fry’s Food & Drug grocery store. Tatum Plaza is centrally located in the region, approximately 24 miles north of the Phoenix CBD, and well positioned along the main thoroughfare in and out of Cave Creek, at the northeast corner of Cave Creek Road (32,657 VPD) and Tatum Boulevard (14,400 VPD).