For Sale or Lease: Commercial/Industrial Property in Santa Isabel

$1· Commercial Building Complex (Available)
Available

Location: PR 153, km hm 2.2, Bo. Juaca, Santa Isabel, Puerto Rico (attached please find 3 aerial photos of the site and surroundings industrial neighborhood).

Access:Puerto Rico Highways and Transportation Authority built substantial improvements to PR-53 that gives access from the North to the South of the Island through the intersection PR 153 that gives access to the property. These roads facilitate the access for large vehicles and trucks from the site to highway to Ponce Port or San Juan Port.

Total Area: 32,425.7 sm 8.25 cuerdas

Structure: 87,684 sf concrete

Building Heights: 14’ to 32’ height approx.. 24,000 sf is 14” and remnant of 63,684 sf

Potential to Expand: This property has an adjacent land that is available for sale from another landowner.

Puerto Rico Electric Authority connection: The building requires full installation of electrical wiring and transformers that the owners have recent estimates of such cost. This property can be connected to the resource that Santa Isabel Energy Power is generating to supply the town and the industrial market of the area. Santa Isabel was the first town in Puerto Rico to have full electricity when the Hurrican Maria hit the Island.

Water Sources: Being surrounded by agriculture land the area has underground water reserves. In addition, the property has an underground water tank that used to be a reserve for the former Mega Supermarket coolers system. The property old appraisal and Environmental report has some detailed information of this.

Permits: Government Approval in accordance to Il-2 (Heavy Industrial) zoning is in process. It was operating with a Commercial Use “Consulta de Ubicación”.

Municipalities Incentives:The Municipality Santa Isabel has a very aggressive Investment Incentive Plan. The Mayor Enrique Questell Alvarado has been in the municipality for over 25 years. Santa Isabel offers aggressive incentives in the form of property tax exemptions, employment credits and reduction in patents.

PR Law 60 Investors Incentives:Act 60–2019, commonly known as the Puerto Rico Incentives Code, into law on July 1, 2019, with an effective date of January 1, 2020. The Incentives Code consolidates various tax decrees, incentives, subsidies, and benefits, including Act 20, the Promotion of Export Services Act, and Act 22, the Act to Promote the Relocation of Individual Investors to Puerto Rico.http://Conversatorio sobre el Código de Incentivos de Puerto Rico (Ley 60-2019)

EPA Report Study:The property has a 2019 Environmental Report. The property has been bought by a roofing company but has not started operations.

Selling Price: The property has a 2007 appraisal of $6.6 millions (to be discuss).

Additional details

  • Public Transportation: -
  • Neighborhood: -
  • Air Quality: -

Location

Attachments

    Agent

    Mercy Zayas

    Value Added Commercial Real Estate Services, PSC PR

    (787) 448-6300

    Mercy Zayas has been active as a commercial real estate broker for over ten years. She has worked with commercial, retail and industrial real estate firms national and international such as Chesterton Blumenauer Binswanger, Binswanger Puerto Rico, Cushman & Wakefield,..

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