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Puerto Rico Office Benchmark
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Property: |
Address |
Total Office Sq. Ft. approx. |
Office Sq. Ft. |
Retail Sq. Ft. |
Office Price P/Sq. Ft. |
Retail Price P/Sq. Ft. |
Operating Exenses |
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1-City View Plaza II |
PR Road 165 Buchanan Office Center Guaynabo |
322,717 |
269,758 |
52,959 |
$20.00 |
$38.00 |
$10.75 |
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2-Parque Las Americas |
Federico Costas Street in Hato Rey’s Tres Monjitas |
125,000 |
105,000 |
20,000 |
$21.00 |
$21.00 |
$10.91 (W/Electricity) |
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3- Santander Tower |
Tabonuco street, San Patricio sector of Guaynabo |
231,000 |
208,000 |
23,000 |
$22.00 |
$40.00 |
$9.75 (W/Electricity) |
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4-Maramar Plaza |
San Patricio Ave. Caparra, Guaynabo |
100,000 |
78,000 |
16,000 |
$25.00 |
$38.00 |
$5.00(No/Electricity) |
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5-Microsoft Bldg. |
Metro Office Park, marginal PR Road 2 Guaynabo |
64,000 |
64,000 |
N/A |
$20.00 |
N/A |
$5.00 (No/Electricity) |
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6-Millenium Park Plaza |
Metro Office Park, 2nd. Street Guaynabo |
245,000 |
245,000 |
N/A |
$20.00 |
N/A |
$11.00 (W/Electricity) |
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7-American International Plaza |
250 Muñoz Rivera Ave corner Chardon Ave. Hato Rey |
326,275 |
326,275 |
N/A |
$28.00 |
N/A |
$11.09 (W/Electricity) |
City View Plaza II
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This building will be located in the same perimeter of City View Plaza with more commercial retail space area for more stores and restaurants. The building will consist of 6 story building, officeand retail space on the first floor. The total Bldg. space is 322,717 Sq. Ft. The property would have 269,758 Sq. Ft. of office spaces and 52,959 Sq. Ft. of retail space. The asking lease price for the office will be $20.00P/Sq. Ft. (triple net) and $28.00P/Sq. Ft. (triple net) for the retail space, annual rent. CAM is $10.75P/Sq. Ft. The parking ratio will be 5-Pkng. for every 1,000 Sq. Ft. Rents at $100P/month. |
Parque las Americas Building
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The parking lot of the former Plaza Acuatica water park on Federico Costas Street in Hato Rey’s Tres Monjitas sector is the site of four-story, 125,000-square-foot office & commercial building built by Empresas Fonalledas Inc. Parque las Americas Building is the third commercial & office tower belonging to Empresas Fonalledas. Parque las Americas Building will include over 20,000 square feet of retail space on the first floor. Floors two to four will be exclusively for offices. The building has five-story parking structure next to it with a capacity for 678 vehicles. 5/1000 Sq. Ft. Rent $80.00P/Month |
Santander Tower
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A modern office complex located in the Tabonuco street, San Patricio sector of Guaynabo, Puerto Rico. Santander Tower (Known as-Torre San Patricio) has 204,409 Sq. Ft. office space and 23,352 of Sq. Ft. commercial space. Parkings for 1,180 cars. The property is available now. The priced is $22 per sq. ft. (annual rent) triple net. The property is available now. Parking is 5/1000 Sq. Ft. Rents $100.00, $80.00 or $65.00P/month |
Maramar Plaza
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Maramar Plaza is located in San Patricio Ave. is a 6 Story office complex with 78,000 sq. ft Class-A office space and 16,000 Sq. Ft. of commercial space. Parkings for 1,180 cars. . The owner Radames Matos is in the final stages of the construction. The Office complex is for rent & for sale. The lease Cost is $24 per sq. ft. (annual rent) triple net. Price for sale $300P/ Sq. Ft. Parkings 4/1000 rents $100P/month. The property is available now. |
Microsoft Building
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This building is located in Metro Office Park, marginal PR Road 2 Guaynabo is an office complex with 64,000 sq. ft Class-A office space. Parking is 1,180 cars. The owner is Muñoz Holding and the Bldg. complex is completed. Parking is 3/1000 No-Rent including with office rent. The Office complex is only for rent. The property is available now. |
Millenium Park Plaza
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Millenium Park Plaza is located in Metro Office Park, 2nd. Street Guaynabo Class-A office space Parkings for 680 cars. The owner is the Dubon Family and the office complex is completed. The Office complex is for rent. 5/1000 Rent $90P/ month. The property is available now. |
American International Plaza
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The American International Plaza is located in 250 Muñoz Rivera Ave corner Chardon Ave. Hato Rey is a 14 Story office complex with 162,500 Sq. ft Class-A office space. The lease Cost is $24 per sq. ft. (annual rent) triple net. Parkings 1/100Sq. Ft. rents $100P/month. The property has spaces available now. |
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