Axiom Capital Corporation has arranged a $2,500,000 permanent loan for the acquisition of a drug store in West Bloomfield, MI. The non-recourse loan was for 15 years at a fixed rate.
CVS has occupied the property since it was built in 1999. The property contains 10,964 square feet and features a Drive Thru and 84 parking spaces. The property is well-located on 3.3 acres at the intersection of two major thoroughfares in this high demographic Detroit suburb.
The subject property is located in West Bloomfield Township, Michigan, a high-end suburb located approximately 25 miles northwest of the Detroit CBD. West Bloomfield is located in Oakland County and often referred to as the “lake township of Oakland County” due to its desirable proximity to several natural lakes. West Bloomfield has strong demographics, with average household incomes in the $150,000 range and median household values in the $245,000 range within 1 to 5 miles of the subject property.