Eastern Plaza

Description:

Andrew D Carlson, a Puerto Rico Brokers License C-17494 in the Commonwealth of Puerto Rico, has been retained as the exclusive sales representative for the sale of Eastern Plaza (“Property”), a retail center located in Fajardo, Puerto Rico. The property is a 100% occupied, 73,816 SF neighborhood retail center offering investors durable in-place cash flow with embedded long-term upside in a supply-constrained Puerto Rico retail market. The property features a diversified tenant base with a 3.2-year WALT (10.4-year option adjusted WALT), where the majority of tenants have renewal options - providing high income visibility and minimal near-term rollover risk. This structure positions the asset as a stable, bond-like investment, limiting downtime and re-leasing exposure. The opportunity is further enhanced by an attractive basis relative to replacement cost. Puerto Rico’s favorable tax environment may offer additional benefits to eligible investors, further enhancing after-tax yield.