Commercial Bldg Santurce San Juan FOR SALE

Property Description:
Seven-story office building in the heart of Santurce, San Juan, Puerto Rico with nearly 30,000 SF of office and ground floor retail space. This area will continue to change and improve in the next 10 years and this is a great opportunity for forward-thinking investors.

Location Influence:
Excellent presence, accessibility and visibility from Ponce de León Avenue with immediate access to several major traffic arteries in the San Juan Metropolitan Area including Fernández Juncos Avenue, Baldorioty de Castro Boulevard and Muñoz Rivera Expressway.

Close to many commercial residential, retail, office and hotel components such as restaurants, cafes, cafeterias, supermarkets, gas service stations, various bank branches, bus stops, schools, residential neighborhoods & condominiums, and other related services.

History:
First three floors completed in 1952. Floors four through seven with elevator to the sixth floor completed in 1962. Former tenants include American International Life Insurance, United Press International, Sears retail store, Otis Elevator offices, Interboro offices, McDonald's restaurant, and Hawayek jewelry store, among others.

Area:

Currently two (2) retail spaces on the first floor and thirty-one (31) professional offices with four (4) restrooms per floor (2nd to 7th floors).

First floor - approx. 3,800 rentable square feet.

Floors two through six - approx. 4,000 rentable square feet.

Seventh floor - approx. 3,200 rentable square feet plus ample outside terrace.