787-777-5800
200 Ave Rafael Cordero, Caguas, PR  for Sale
Retail - FOR SALE
1/6
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200 Ave Rafael Cordero
Caguas, PR 007253740


OVERVIEW

Jones Lang LaSalle Americas, Inc. (“JLL”) in partnership with JLL Puerto Rico Realty & Co. S en C, a Puerto Rico licensed real estate brokerage firm, is pleased to offer the opportunity to acquire Plaza Centro I, a 280,279 square foot shopping center situated on 25 acres in Caguas, Puerto Rico. The property is currently 93.6% leased to a strong roster of retailers led by Burlington, Ross Dress for Less, the IRS and Me Salve. The Property also includes five, high-profile single tenant outparcels leased to Burger King, Chili’s, Ponderosa Steakhouse, KFC, and Qdoba. The Property is shadow anchored by Plaza Centro II, a 599,409 square foot retail plaza anchored by Costco, Sam’s Club, JC Penny, PetSmart, and Planet Fitness, which are not included in the Offering. Investment highlights MARKET DOMINANT AND HIGH-PERFORMANCE TENANCY SECURE AND STABLE CASH FLOW RECENTLY EXECUTED ROSS DRESS FOR LESS LEASE EXCEPTIONAL LEASING MOMENTUM OUTPARCEL SPINOFF OPPORTUNITY $1.7M IN RECENT CAPITAL IMPROVEMENTS

FOR SALE DETAILS

PRICE

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CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

25.23 AC

LAND SF

1,098,995 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

787-777-5800

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787-777-5800

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