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Guaynabo Penthouse Office Suite FOR SALE

PR-165, Guaynabo, 00969
Sold: $1,100,000
Guaynabo Penthouse Office Suite FOR SALE

Property Details

Property Type
Improved property
Building Type
Freestanding
Building Size
10,112 sqft
Sewer
Yes
Water
Yes
Zoning
Industrial I-2
Electric
Yes
Year Built
2004
Parking
30 stalls @ $40/stall/mo.
Parking
30 stalls
Security
24/7/365
Tenant 1
GSK - 6,806 RSF
Tenant 2
FEMA - 3,997 RSF
Generator
100% back-up power
Occupancy
Fully-Leased (100%)
Sprinklers
100% sprinklered
Add'l Parking
Available directly w/ operator
Lease 1 Gsk
Expires 3/31/2022
Communications
Fiber-optic readily available
Lease 2 Fema
Expires 9/19/2019
Net Income Gsk
$9,401.76 per month
Nnn Income 2018
$192,761 NNN
Net Income Fema
$6,661.67 per month

Property Description

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

Location

Contact

Ryan G. Christiansen, CCIM
Ryan G. Christiansen, CCIM
Christiansen Commercial
Office: (787) 778-7000
[email protected]
Milton Cofresi
Milton Cofresi
Christiansen Commercial
Office: (787) 778-7000
[email protected]