West Covina Village

Location: West Covina, California
Type: Mixed Use
Price: $36,000,000

SMC has provided a $36,000,000 ten-year fixed rate mortgage for the refinance of West Covina Village, a 220,000 SF center anchored by Stater Bros. Markets, LA Fitness and United Education Institute. Built in 1982, the Property is currently 89% occupied and home to thirty-one national, regional and local tenants. The largest tenant, Stater Bros. Markets, has been in occupancy since the Property was developed in 1982 and has served as the Property’s largest tenant ever since. The Property is centrally located within the area, at the hard corner intersection of Azusa Ave (48,500 VPD) and Rowland Ave (12,500 VPD) with ample access and visibility. Within a 3 and 5-mile radius of the Property, the population is 200,240 and 499,232, with average household income of $85,545 and $85,404, respectively.