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Last updated on September 25th, 2024

Vista Azul Shopping Center

$3,975,000

Cll Marginal, Arecibo 00612


Building Size32,000 Square Feet
Land Size3.8 Acres
ZoningCommercial
Parking140
WaterIndependent water meters
Seweryes
ElectricIndependent power meters
Year Built1970
ConstructionConcrete
RoofConcrete

Exceptional Investment Opportunity: Vista Azul Shopping Center

Overview:
Discover Vista Azul Shopping Center, an outstanding 11-unit retail property located in the thriving commercial district of Arecibo. With a robust 98% occupancy rate and a solid reputation for attracting high-quality tenants, this shopping center represents a prime "Turn-Key" investment opportunity.

Key Investment Highlights:

Prime Location: Situated just 400 meters from Plaza del Atlantico and 1.8 kilometers from Plaza del Norte, Vista Azul benefits from high visibility and significant foot traffic. Its strategic location ensures consistent customer flow and excellent tenant exposure.

Strong Performance: Currently operating at 98% occupancy, Vista Azul Shopping Center offers a stable and reliable income stream. This high occupancy rate underscores the center's desirability and market strength.

Value-Add Potential: This property presents a compelling "Value Add" opportunity. While it is in excellent condition, there is potential for further enhancements and strategic improvements. Over the next 36 months, anticipated rent increases are set to boost the CAP rate, enhancing your return on investment.

Attractive CAP Rate:
With a current CAP rate of approximately 5%, Vista Azul is poised for growth. The projected increase in rental income will drive this rate higher, maximizing your investment potential.

Location Advantages:

Accessibility: Easily accessible from major roads and well-connected to nearby commercial hubs.
Nearby Attractions: Proximity to major shopping centers like Plaza del Atlantico and Plaza del Norte increases the shopping center's visibility and appeal.

Investment Potential:

Future Income Growth: Capitalize on the planned rent bumps to enhance the property's profitability within the next 36 months.
Turn-Key Investment: A fully operational shopping center ready for immediate returns, minimizing the need for additional capital expenditures.
Property Details:

Size: 11 retail units
Occupancy Rate: 98%
Current CAP Rate: ~5%
Proximity: 400 meters from Plaza del Atlantico, 1.8 km from Plaza del Norte

Vista Azul Shopping Center represents a rare opportunity to acquire a high-performing retail property with substantial growth potential. Whether you're looking to add to your portfolio or seeking a stable investment with room for value enhancement, this property delivers exceptional prospects.


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

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