$3,000,000
Nogales, AZ 85621
MLS# 6651046
1 / 45
Property Description
Phenomenal investment opportunity to own the coveted El Alamo Plaza, a well-established retail and office commercial center located on a huge 2.06-acrelot in the heart of downtown Nogales! Located approximately 0.45 of a mile north of the international border, the plaza can be accessed by heading south on. Grand Avenue (on way to Mexico) or by heading north on N. Arroyo Blvd (as leave Mexico). The property comprises 21 income producing units spread out over 37,482 square feet boasting 16 retail spaces, one big box retail, three office spaces, and one stand-alone hub. Established tenants include O'Reilly Auto Parts, Buffalo Exchange, PostNet Postal Service, Anda Laundry Mat, Dorado Staffing Services, Futuro Insurance, Medicare Community Resource Center, Lorigo Construction, (see more...)
Details
Maps
Contract Info
Current Price: $3,000,000
List Price: $3,000,000
Status: Active
List Date: 2024-01-16
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 441
Compass: N
Street Name: GRAND
St Suffix: Avenue
City/Town Code: Nogales
State/Province: AZ
Zip Code: 85621
Zip4: 2730
Country: USA
County Code: Santa Cruz
Legal Description (Abbrev): LOT 15 BLOCK 28 CITY OF NOGALES
Subdivision: CITY OF NOGALES
Assessor's Map #: 50
Assessor's Parcel #: 44
Assessor Parcel Ltr: A
Add'l Parcels: Yes
Assessor Number: 101-50-044-A
Census Tract: 966402
Legal: LOT 15 BLOCK 28 CITY OF NOGALES
Tax Municipality: Santa Cruz - COUNTY
Taxes: 13844
Tax Year: 2020
General Property Description
Ttl Apx SqFt Bldg: 27651
# of Buildings: 21
Lot Size Dimensions: IRREGULAR
Year Built: 1979
Uncvrd Parking Spcs: 90
Zoning: GC
Flood Zone: Yes
Remarks & Misc
Cross Street: I-19 and Grand Ave
Directions: Start 1-19 & N. Grand Avenue, head South on N. Grand Avenue to address on left hand side.
Geo Lat: 31.339819
Geo Lon: -110.93878
Status Change Info
Status Change Date: 2024-01-16
Legal Info
Township: 24S
Range: 14E
Section: 17
Lot Number: 15
Income & Expenses
Owner Association: No
Operating Exp: 13844
Gross Annual Sch Inc: 206350.64
Other Income: 27795.75
Vacancy Allowance: 0.14
Adjusted Gross Inc: 201365.9
Net Operating Income: 186084.32
Pmt & Rate Info
Cap Rate: 6.2
Equity: 3000000
Showing Notification Methods
Showing Service: No Showing Service Used
Property Features
Building Type: Commercial
Current Use: Mixed Use; Religious Facility; Office; Retail
Stories: 2 Stories
Construction: Block
Roofing: Built-Up
Floors: Concrete; Vinyl; Ceramic Tile; Carpet
Ceiling Height: 8 Feet or Less; 8.1 Feet to 10 Feet; 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet
Heating: Natural Gas
Cooling: Central A/C
Loading Facilities: None
Interior: Finished to Suit; Smoke Detector(s); Security System; Security Light(s); Security Camera(s); Alarm System; Private Restrooms
Exterior: Building Sign; Security Light(s)
Fencing: None
Amenities: Kitchen
Parking: Free; Public Parking; Paved Parking
Electric: Unisource
Gas: Unisource
Water: City Franchise
Sewer: Sewer - Public
Freeway/Highway: Up to 1 Mile
Railroad: RlRd up to 1 Mile
Lockbox Type: None
Source of Fincl Data: Provided by Owner
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Supplements
Nueva Cosecha Ministries, Larriva Corporation, Smoke Emporium, Water Mill Express, and Geo's Nails, among others. O'Reilly Auto Parts lease is good through March 31st, 2024, with a four five-year option in place at a 5% increase and has exercised the lease through March of 2029. There is no landlord responsibility under agreement with O'Reilly Auto Parts! Additionally, O'Reilly Auto Parts covers 40% of the annual property taxes and 40% of the plaza's utilities! Buffalo Exchange is under a lease agreement through January 31st, 2026. Water Mill Express is a stand-alone hub under a lease agreement through October 31st, 2026. All occupied remaining units on month-to-month lease agreements. Income figures presented are based on 2022 actual figures. Rents are below market and have room to be increased!
Listing Office: Realty Executives Arizona Territory
Last Updated: January - 30 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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