Empire Plaza - Office Building For Sale

Discover the vibrant neighborhood surrounding the property, located in the periphery of Hato Rey in San Juan. Embrace the convenience of being close to key destinations such as Plaza Las Americas, the largest shopping center in the Caribbean, offering an array of retail, dining, and entertainment options. Nearby, the Hiram Bithorn Stadium and the Jose Miguel Agrelot Coliseum host a variety of events and concerts, adding to the dynamic atmosphere of the area. Enjoy easy access to public transportation and to a diverse selection of restaurants, cafes, and cultural attractions, making this location an ideal investment opportunity for those seeking a prime office building in a bustling urban setting.GREAT OPPORTUNITY It is an opportune moment to invest in Puerto Rico, as the real estate industry evidences positive indicators that illustrate the Island being in its path to recovery. Empire Plaza Building represents an outstanding opportunity to acquire a market leading asset with good upside potential that is priced well below replacement cost. There is no similar product currently available for sale in the open market. Don't miss out on this prime investment opportunity! This offering refers to Empire Plaza, a high-rise office building consisting of 75,645 rentable square feet supported by five (5) parking levels and located in the heart of Río Piedras, just steps from the Urban Train and bus station. ACCESS Empire Plaza has exceptional visibility and accessibility being located along Muñoz Rivera Avenue, a major connective artery providing access to the essential throughways of Puerto Rico. The Tren Urbano, the island’s rapid transit system serving San Juan, Guaynabo and Bayamón, lies less than one third of a mile. With Luis Muñoz Marín International Airport accessible within a 10 minute drive, Empire Plaza is easily accessed by commuters and visitors from every direction. AMENITIES Centrally located in Puerto Rico’s largest city exceeding 2 million residents, the immediate Río Piedras landscape has a robust mix of businesses, hotels, shopping destinations, universities, restaurants, entertainment and residences alike. Highlights include the largest indoor arena in Puerto Rico, Coliseo de Puerto Rico Jose Miguel Agrelot, within 1.8 miles, the largest and most profitable shopping center in the Caribbean, Plaza Las Americas Shopping Mall, within 1.6 miles, and access to a vibrant talent pool stemming from the 18,000 full time students at the University of Puerto Rico, Río Piedras campus, within walking distance. THE RIGHT TIME TO BUY Despite sluggish market activity in past years, outside capital investors continue to show a keen interest in the island’s real estate assets. We feel the combination of economic forces within Puerto Rico, the local financial institutions' desire to lend and an asset priced below replacement cost come together to present a unique and lucrative opportunity for appreciation. FACILITY FEATURES As the Caribbean continues to experience extreme weather events and occupiers look for safety and reliability, it is important to note that Empire Plaza office tower that has withstood the tests of time and mother nature. Tenants benefit from a total of 4 power generators, providing redundancy. Two of them that each can run the entire building, and they alternate in case of extended blackouts. The other 2 run the water pumps, elevators, fire equipment, alarms and emergency lights. In addition, Empire Plaza is supported by two water cisterns: one with a 16,000 gallon capacity and the other with 13,000 gallons.