Santa Ana income producing property for sale

Sales price: $ 690,000
CAP Rate %: 8.5
Property Size (M2): 384
Sales price per sq meter: $ 1797

Listing Type: Income Producing Properties
CRC Professional: John Hepner
Listing No: 408031

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Commercial Property Summary

Listing Overview: This recently built, two story, 8 unit strip mall is currently generating over $58,000 in gross annual revenue. The four first floor retail spaces are fully rented while the second floor spaces may be converted to apartments or with an investment of $15,000 and the addition of an elevator they would comply with law 7600. In its current rented state, the property provides a gross return of 8.5%. When fully rented, that number improves to a 11.1% gross return.
Municipality: Santa Ana
Property Size (M2): 384
Construction Area (M2): 384
Land Area (M2): 264
Construction Status: Complete
# of Parking Spaces: 5
# of Offices: 0
# of Workspaces: 0
# of Conference: 0
# of Retail Units: 8
# of Bathrooms: 0

Site Detail

Location Summary: This investment property opportunity is located in Santa Ana, Costa Rica.

Location Type

Suburban Center

Property Visibility: Good
Visible Signage: Yes
Bus/Train Access: 25 meters from several bus lines
Highway(s) Access: 2Km-4Km
Financing Options: We can generally arrange 50% LTV, 2 Yr bridge financing in lieu of seller financing or as a means to close rapidly, while arranging long term bank financing.

Retail/Office Center Occupancy

Occupancy Summary: As of July 1, 2011, 5 of the 8 locales are rented.
Total Units: 8
Occupied Units: 5
Percent of Units Occupied: 62.5%
Units Available: 3