Share Listing   Show Commission
  Edit Listing

Guaynabo Penthouse Office Suite FOR SALE

  SOLD December 2021 for $1,100,000

PR-165, Guaynabo 00969


Building Size10,112 Square Feet
ZoningIndustrial I-2
Parking30 stalls
WaterYes
SewerYes
ElectricYes
Year Built2004
Occupancy Fully-Leased (100%)
Tenant 1GSK - 6,806 RSF
Tenant 2FEMA - 3,997 RSF
NNN Income 2018$192,761 NNN
Parking30 stalls @ $40/stall/mo.
Add'l ParkingAvailable directly w/ operator
CommunicationsFiber-optic readily available
Security24/7/365
Generator100% back-up power
Sprinklers100% sprinklered
Lease 1 - GSKExpires 3/31/2022
Lease 2 - FEMAExpires 9/19/2019
Net Income GSK$9,401.76 per month
Net Income FEMA$6,661.67 per month

Description:
Class A office space consisting of approximately 10,112.29 square feet, fully leased with two credit-worthy tenants and currently generating $192,761 of Triple Net Income, located on the penthouse of the International Marketing Center - Building II in Guaynabo.

Location:
PH Unit 802, International Marketing Center - Building II, PR-165, Pueblo Viejo Ward, Guaynabo, Puerto Rico

Location Influence:
Convenient location next to port and Free Trade Zone near institutional, commercial and industrial buildings, parks, and distribution centers. Shopping centers, private schools, hospitals and other amenities are also found near the property.

Office Area:
10,112.29 square feet

Parking:
30 stalls via right of use per deed at $40 per stall per month, additional stalls available directly with parking operator

Features:

  • Central A/C with four zones per floor (two zones within unit 802)
  • Access controlled entry
  • Key-card elevator access control
  • Full back-up generator (100%)
  • Fully leased with two credit-worthy tenants consisting of 6,806 & 3,997 rentable square feet respectively
  • 24/7 on-site security
  • Fiber-optic infrastructure & connectivity
  • Fully sprinklered (100%)
  • Exterior building façade naming rights for corporate branding facing the Expressway

Early Termination (GSK & FEMA leases):

  • GSK has a one-time early termination option on March 31, 2020 with 120 days prior written notice to landlord (December 2, 2019)
  • FEMA has an ongoing early termination option as of September 19, 2018 with 30 days prior written notice to landlord

The information contained herein is from sources deemed reliable, but is subject to errors, omissions, and withdrawal without notice.

Top of Page