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Alvaro Torres Buys Former Ragazzi’s Property In Garner For $2.5M

Property Image
SOLD
$2,500,000
Moss Withers
Christina Coffey

North Carolina

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Retail5,369 SF
Sold 04/24/2024
the dealplayerscompscontact
Property Image
SOLD

Alvaro Torres Buys Former Ragazzi’s Property In Garner For $2.5M

1514 US Route 70

See Similar Deals
Retail5,369 SF
Sold 04/24/2024
Moss Withers
Christina Coffey
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$465
Total Square Footage:5,369 SF
Transaction Type:Sale

The retail property located at 1514 US Route 70 in Garner, NC, was sold for $2.5 million on April 24. Spanning 5,369 square feet, the asset was acquired by Alvaro Torres from Ragazzi’s Real Estate LLC.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: $2,500,000
  • Address: 1514 US Route 70
  • Market: Garner, NC
  • Square Footage: 5,369
  • Buyer: Alvaro Torres
  • Seller: Ragazzi’s Real Estate LLC
  • Brokers: Christina Coffey & Moss Withers - Lee & Associates
  • Price Per Square Foot: $466

Alvaro Torres, the purchaser of the property, is the owner of the local Mexican restaurant chain El Tapatio. The former Ragazzi’s property in Garner, primarily an Italian restaurant, will now undergo a transformation under the new ownership facilitated by Lee & Associates, specifically Moss Withers and Christina Coffey.

Players

Moss Withers
Lee & Associates
Moss Withers
1 deal$2.5M volume(919) 576-2501
BROKER
Christina Coffey
Lee & Associates
Christina Coffey
1 deal$2.5M volume(919) 576-2273
BROKER

Details

SOLD
IMAGE: 04/24/2024 ADDRESS: 1514 US Route 70 MARKET: Garner, NC ASSET TYPE: Retail BUYER: Alvaro Torres SELLER: Ragazzi’s Real Estate LLC BROKERS: Christina Coffey & Moss Withers - Lee & Associates SALE PRICE: $2,500,000 SF: 5,369 ~ PPSF: $466 NOTE: Alvaro Torres, owner of the local Mexican restaurant chain El Tapatio, purchased the former Ragazzi’s property in Garner for $2.5 million on April 24. Lee & Associates, represented by Moss Withers and Christina Coffey, facilitated the sale, marking the transition of the building from its Italian restaurant roots to a new culinary venture.

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