OfficeMax Ponce

JLL Puerto Realty & Co. S en C (“JLL”), a Puerto Rico licensed real estate brokerage firm, has been retained as the exclusive sales representative for the sale of OfficeMax - Ponce (“Property”), a single tenant property located in Ponce, Puerto Rico. The property is a 100% occupied, 23,500 SF OfficeMax retail store offering investors durable in-place cash flow with embedded long-term upside in a supply constrained Puerto Rico retail market. The property features a well-known, strong-credit, national tenant with an absolute triple-net lease structure. This lease structure makes the Property a hands-off, passive opportunity. The opportunity is further enhanced by an attractive basis relative to replacement cost (~$300/SF). Puerto Rico’s favorable tax environment may offer additional benefits to eligible investors, further enhancing after-tax yield.