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2/16/21
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Nazareth Enterprises Inc has purchased a 7.5k sf retail building in downtown San Mateo for $7.35 mil ($980/sf). The property is located at 616 S B St, between Hwy 82 and Delaware St.
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The property is currently leased by Kelly-Moore Paint, which has been a tenant for over two decades. Nazareth is working on the design of the redevelopment of the property.
Richard Beale of Beale Properties represented the seller. Financing was arranged by Mitch Zeemont and Tony Kaufmann of Gantry Inc and provided by AvidBank.
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