Multi-Tenant Retail Sells in Nogales, AZ

image_pdfimage_print

621 n grand aveAngel T Mendoza purchased a 2,700 square-foot multi-tenant retail building at 621 N Grand Avenue in Nogales, AZ for investment from Howard & Betty Mathews for $270,000 ($100 PSF). The property is of masonry construction, built in 1973 and has space for four tenants. The property was fully leased when it sold to such tenants as Prestige Beauty Salon & Boutique that renewed its lease for 827 square-feet in Suite 1, and Operadora de Autobuses leasing 500 square-feet in Suite 4. Operadora de Autobuses is the US company for Transportes y Autobuses del Pacifico (TAP) in Mexico. This is their first location in the United States that opened in 2011. Denise Angulo of Cushman & Wakefield / Picor Commercial Real Estate Services handled the sale and leases for past and current owner. Angulo can be reached at (520) 546-2736.