Monacillos Land Development

Monacillos Land (Development Opportunity) | San Juan, PR

Sands Investment Group is Pleased to Present Exclusively For Sale the 2.97 Acres of Monacillos Land Development Located in San Juan, Puerto Rico. This Development Opportunity is Within Close Proximity to Banks, Supermarkets, a Hospital and Shopping Centers Located 14 Minutes From the San Juan Port and 18 Minutes From Luis Muñoz Marin International Airport, Providing For an Excellent Investment.

  • Commercial or Industrial Use Situated Next to the Train Station Martinez Nadal Within Proximity to Banks, Supermarkets, a Hospital and Shopping Centers
  • 18 Minutes From Luis Muñoz Marin International Airport
  • 4 Minutes From the Port of San Juan
  • This Site is Ideally Situated For a Multifamily Development and the Municipality Has Shown Interest in Supporting This Project
  • The Land is Conveniently Located Right Off the Freeway and Across the Street From the Train Station, Giving Easy Travel Access
  • In Addition, it is Nestled in a Residential Setting That Would Cater to a Multifamily Residential Development With Neighboring Restaurants and Shopping; Average Rents For a 2 Bedroom 1 Bath 1,000 SF $1,500-$2,500

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Lucchetti Industrial Park Land

Lucchetti Industrial Park | San Juan, PR

Sands Investment Group is Pleased to Present Exclusively For Sale 28.19 Acres of Lucchetti Industrial Park Land Located in Bayamon, Puerto Rico. This Land is Zoned Industrial (I-P) With Several Different Types of Uses That Makes This a Blank Canvas For Anyone Wanting to Develop an Industrial Building. Lucchetti Industrial Park Has Noticeable Companies Such as Goya de Puerto Rico, Puma Energy and Ecolab Manufacturing. The Property is Conveniently Located and Has Easy Access to Major Thoroughfares Located 15 Minutes From the San Juan Port and 24 Minutes From Luis Muñoz Marin International Airport, Providing For a Unique Investment.

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities

Caribe Office Building | San Juan, PR

Sands Investment Group is Pleased to Present For Sale the Caribe Office Building NNN Located in San Juan, Puerto Rico. The Deal is a Leasehold Interest Until June 14, 2055 With 33 Years Remaining. This 60,042 SF Caribe Office Building Located at 53 Palmeras Street in San Juan, Puerto Rico Presents a Value-Add Investment Opportunity as Existing Leases Roll Over Allowing to Adjust Rents Even Higher, Providing For a Secured Investment.

  • Property is 100% Leased
  • Transaction is Expected to Generate an IRR of 17% Over 10 Years
  • Opportunity to Increase Rental Rates
  • Average Rental Rates Have Increased From $22.17/SF in 2018 to $30.14/SF in 2022B, Representing a CAGR of 8.0%
  • Presents a Value-Added Investment Opportunity as Existing Leases Roll Over Allowing to Adjust Rents Even Higher
  • Majority Leased to Well Established Act 20/22 and Local Tenants, Including Pepsi, Cola Bottling, Casillas, Santiago & Torres, LLC (Large Local Law Firm) and Sonnedix (Solar Power Business), Amongst Others
  • The Property Consists of a 17-Story Office Building With 60,042 Square Feet of Gross Leasable Area (GLA) and 318 Parking Spaces (118 On-Site and 200 Sub-Contracted With the Caribe Hilton Hotel)
  • Limited Competition in Area as the Caribe Building is One of the Only Class A Office Buildings on the Island
  • Property Completed a $2M Renovations in 2016 & $1.5M in 2018 Including the Refurbishment of Key Air-Conditioning Components (Including the Cooling Tower and Air Handling Units), a New Roof, the Installation of a Full Building Generator, the Remodeling of All Bathrooms and the Lobby and an Upgrade of the Fire Alarm System
  • From 2018 Through 2022 Budget (“2022B”), the Caribe Building Has Registered Consistently an Occupancy Rate in Excess of 95%, Except in 2020 Where it Registered 90% Due to the COVID-19 Pandemic
  • Strategically Located Adjacent to the Caribe Hilton Hotel and the Paseo Caribe Mixed-Use Development Which is Currently Undergoing a Renovation
  • Incredible Ocean Views of the Atlantic Ocean and Close Proximity to the Financial District, T-Mobile District, and the Condado Residential District – One of Most Affluent Residential Areas in Puerto Rico

 

View Similar Investment Opportunities

Read Additional Thought Leadership Content From SIG, Specializing in Absolute Triple Net Lease Opportunities