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Tonawanda investor buys Delaware Avenue strip center

A Delaware Avenue strip center with a laundromat, cleaners and daycare center has been acquired for a little more than $1 million by a Tonawanda investor group.

Padda Dabadi LLC, which is registered to the home address of Jatinder S. Padda and Joginder Singh, paid $1.025 million to buy the 12,636-square-foot retail plaza at 2420-2424 Delaware. The seller was Acea M. Mosey's 2420-2424 Delaware Avenue Inc.

Built in 1995, the plaza sits on 0.69 acres between Cheltenham Drive and Shoreham Avenue, and houses EZ Wash Laundry and the New Life Academy Child Care & Learning Center. It has about 30 surface parking spaces.

It last sold in 1992 for $300,000. It's assessed at $568,000.

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