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Puerto Rico Office Benchmark

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

1-City View Plaza II

PR Road 165 Buchanan Office Center
Guaynabo

322,717

269,758

52,959

$20.00

$38.00

$10.75

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)

3- Santander Tower

Tabonuco street, San Patricio sector of Guaynabo

231,000

208,000

23,000

$22.00

$40.00

$9.75
(W/Electricity)

4-Maramar Plaza

San Patricio Ave. Caparra, Guaynabo

100,000

78,000

16,000

$25.00

$38.00

$5.00(No/Electricity)

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)

6-Millenium Park Plaza

Metro Office Park, 2nd. Street Guaynabo

245,000

245,000

N/A

$20.00

N/A

$11.00
(W/Electricity)

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

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
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
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
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
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
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
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.