Income-generating commercial property for sale, fully leased with a long-term lease agreement already in place. Commercial building with a 12.5% return on investment.
The building is long-term leased through the Costa Rican Social Security Fund (CCSS). The CCSS or "CAJA" rents the building, making it a very secure and punctual tenant. Furthermore, the building has been recently fully remodeled and maintained, both inside and out, so it requires virtually no maintenance. Ideal for long-term tenants, priced incredibly at a discounted price for a quick sale at $200,000 USD.
A long-term rental contract was recently signed for 6 years and is in effect with the Government, a government agency occupied by tenants (CAJA), with long-term rental income of $2050 per month.
The property and building are located in the town of Cimarrones, 13 kilometers east of Siquirres, along Route 32. The property is adjacent to the busy highway serving the APM Terminals of Limón, Costa Rica's largest port. The property consists of two adjacent plots, sold together. Both properties total 4200 square meters (approx. 1 acre). The building sits on an independent 3000 m2 property, and the adjacent property is 1200 m2 and could be sold separately at any time.
The building has an approximate area of 410 square meters, with 5 rental units and 2 large public restrooms serving the outdoor areas. Each office has its own bathroom and storage room. In total, 7 bathrooms. Ample parking is available on-site, along Highway 32. The original construction is approximately 14 years old and is in excellent condition, with concrete blocks, stainless steel clay tile roof, and a beautiful garden. This property is ideally located to take advantage of new business opportunities from the Buffalo Free Trade Zone and the import/export activities of the Limón commercial port and the new Meg-Port project, currently under construction.
The new highway currently under construction has increased traffic in the area, causing property values to continue to rise given the massive expansion and state-of-the-art shipping port by APM Terminals in Limón.
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