Andrew Carlson

Capital Markets Broker

Dylan Harrison

OfficeMax: 100% Occupied | Absolute Triple-Net Retail Opportunity in Ponce, Puerto Rico JLL Puerto Realty &amp; 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 OfficeMax - Ponce (“Property”), a single tenant property located in Ponce, Puerto Rico. The property is a 100% occupied, 23,500 SF OfficeMax retail store offering investors durable in-place cash flow with embedded long-term upside in a supply constrained Puerto Rico retail market. The property features a well-known, strong-credit, national tenant with an absolute triple-net lease structure. This lease structure makes the Property a hands-off, passive opportunity. The opportunity is further enhanced by an attractive basis relative to replacement cost (~$300/SF). Puerto Rico’s favorable tax environment may offer additional benefits to eligible investors, further enhancing after-tax yield.

Description

2438 Ponce Bypass

San Juan Office

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Other Enquiry

DisclaimerJones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously. Your access to and use of this Site is subject to the following <a href="https://www.jll.com/en-us/terms-of-use" target="_blank">Terms of Use</a>.We are committed to keeping the personal information entrusted to us, with the appropriate level of security, and as long as we deem it necessary for any professional or legal reason. We will then delete your data securely and securely. For more information on how JLL processes your personal data, please see our <a href="https://www.jll.com/en-us/privacy-policy" target="_blank">Privacy Statement</a>.

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2438 Ponce Bypass

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