Dunbar Village Plaza

Location: Dunbar, WV
Type: Retail
Price: $ 8,500,000

SMC has provided a $8,500,000 first mortgage loan to refinance existing debt collateralized by a 90% occupied shopping center totaling 107,223 square feet that is anchored by Kroger (MIS: Baa2) and located immediately west of Charleston, West Virginia’s state capitol. Other tenants include Fresenius Medical Care (MIS: Ba1), Family Dollar (MIS: Baa3), Advance Auto Parts (MIS: Baa3), and McDonald’s (MIS: A2). The sponsor has owned and operated the property for more than four decades.