Income-Producing Industrial Property along PR-1 in Caguas FOR SALE

Right at the boundary limits with the San Juan Municipality and with excellent commercial and traffic exposure fronting State Road PR-1, this income-producing industrial park is located less than 3 minutes from the off/on ramps to the Luis A. Ferre Expressway (PR-52), a 20 to 25-minutes drive from the San Juan Ports, a 25 to 30-minutes drive to the Luis Munoz Marin International Airport, and slightly under an hour from the Ponce Municipality's ports, making this property an excellent distribution hub. Formerly the manufacturing plant of Tic Tac candies, the primary 64,260 square feet building (currently owner-used) has insulated walls, being ideal for a refrigerated and/or A/C-controlled warehouse, as well as a cannabis production-related use. With 73,235 square feet, the secondary building is almost 100% leased to 2 different tenants, both having no intentions of leaving anytime soon. The third 15,120 square feet building is fully-occupied, partially owner-used and partially leased. With a higher than typical 38K-volt power connection, two power generators with their respective diesel tanks providing full-operating capacity and redundancy, water tanks holding up to 180,000 gallons, a 20,000 gallon diesel tank, and an on-site water well, this is a self-sustainable facility. Finally, its lower-than-typical 23.7% building-to-land ratio provides for great maneuvering areas as well as the possibility of a future expansion and/or the segregation and sale of excess land fronting PR-1. The current owner's flexibility being open to a sale-leaseback position makes this an excellent opportunity for investors looking to benefit from a steady rental income stream in an industrial market characterized by a lack of supply and a very strong demand. Similarly, the property suits the needs of an owner-user wanting to benefit from additional rental income. Don't miss this excellent investment opportunity!Located at the city boundary with San Juan and with excellent commercial and traffic exposure fronting State Road PR-1, this income-producing industrial park is located less than 3 minutes from the off/on ramps to the Luis A. Ferre Expressway (PR-52), a 20 to 25-minutes drive from the San Juan Ports, a 25 to 30-minutes drive to the Luis Munoz Marin International Airport, and slightly under an hour from the Ponce Municipality's ports, making this property an excellent distribution hub in the Caguas Municipality. Formerly the manufacturing plant of Tic Tac candies, the primary 64,260 square feet building (currently owner-used) has insulated walls, ideal for a refrigerated or A/C-controlled warehouse, as well as a cannabis production-related use. With 73,235 square feet, the secondary building is 100% leased to 2 different tenants, both having no intentions of leaving anytime soon. The third 15,120 square feet building is fully-occupied, by owner and another tenant. This is a self-sustainable facility with a higher than typical 38K-volt power connection, two power generators with their respective diesel tanks providing full-operating capacity and redundancy, water tanks holding up to 180,000 gallons, a 20,000-gallon diesel tank, and on-site water well. Finally, its lower-than-typical land-coverage ratio provides for great maneuvering areas as well as the possibility of a future expansion and/or the segregation and sale of excess land fronting PR-1. The current owner's flexibility being open to a sale-leaseback position makes this an excellent opportunity for investors looking to benefit from a steady rental income stream in an industrial market characterized by a lack of supply and a very strong demand. Similarly, the property suits the needs of an owner-user wanting to benefit from additional rental income. Don't miss this excellent investment opportunity!