Colorado Springs – Nexus Commercial Realty, LLC, has closed on the sale of 1104-1116 Mazatlan Circle, a portfolio consisting of four 4-plexes totaling 13,200 square feet for the sale price of $1,550,000. Robert Gray of Nexus represented the Seller, Mev Properties, Sean Holamon of Nexus represented the buyer, Mazatlan HSB, LLC.
The property consists of 16 total units. Each building consists of four units with a square foot of 825 per unit. All units are 2 bedrooms, 1 bath and features a very open floorplan.
The Mazatlan Portfolio is conveniently located blocks away from S Chelton Rd and Fountain Blvd. Making it a short drive to I-25, Downtown Colorado Springs, as well as The Colorado Springs Airport.
The Buyer was attracted to the property because of the ability to improve operations. Buyer plans to add value to the property by doing some interior renovations. They also plan on raising rents as the market continues to improve.
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About Nexus Commercial Realty, LLC:
Nexus is a full-service firm for the Multi-Family commercial real estate industry in Denver. Our firm specializes in acquisitions, dispositions, seller rep, buyer rep, and advisory services. We provide high caliber services to owners and investors delivered with the focused attention only a privately-owned firm can offer. After operating successfully for over 25 years, our Colorado roots are deep because our market experience in commercial real estate is firsthand. This positions us to help clients reach their business and financial goals while ensuring their best interests are always protected. As a team, we might not appear as your typical brokerage – and that’s by design. Even though we’ve been in the industry for more than two decades, we are as enthusiastic, energetic and collaborative as when we first started. At Nexus, there is no internal competition because our purpose is aligned. This reduces internal competition and makes us more productive on a per broker/agent basis. We love coming to work every day because we love helping our clients achieve their goals. You might find us in jeans instead of slacks, outside meeting people instead of in our office. We do things differently because we are different.
For more information, please visit www.nexus-cr.com.