El Caribe Office Building
Market Price
53 Calle Palmeras, San Juan, PR 00912, Puerto Rico
60,013 sqft
Building Size
0.41 acres
Lot Area
Details:
Description:
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 the Subleasehold Rights to El Caribe Office Building (“Property”). This exceptional 60,013 square foot Class A office asset represents one of the few institutional-quality properties in Puerto Rico’s severely constrained market of only 1 million square feet of Class A inventory. This fully leased property offers 56,027 square feet of premium office space, 3,986 square feet of ground-floor retail, and 218 parking spaces. The property commands top-tier triple net rents of $35-$42 per square foot and underwent comprehensive renovations in 2016 and 2018. Located in Puerta de Tierra with breathtaking views of the Atlantic Ocean, the Harbor, and prestigious Condado across the lagoon, the Property has established itself as one of San Juan’s most recognizable assets with its distinctive exterior murals and benefits from its proximity to luxury amenities, world-class dining, and Puerto Rico’s powerful Act 60 tax incentives that continue attracting Fortune 500 companies and high-net-worth individuals to the island.
Documents:
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El_Caribe_Office_Building_-_Flyer.pdf
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Location
Gallery
