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El Caribe Office Building 53 Calle Palmeras 60,041 SF 100% Leased Office Building San Juan, PR 009012421 For Sale

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Executive Summary

JLL Puerto Realty & Co. S en C (“JLL”), a Puerto Rico licensed real estate brokerage firm, has been retained as the exclusive sales representative for the sale of the Subleasehold Rights to El Caribe Office Building (“Property”). This exceptional 60,013 square foot Class A office asset represents one of the few institutional-quality properties in Puerto Rico’s severely constrained market of only 1 million square feet of Class A inventory. This fully leased property offers 56,027 square feet of premium office space, 3,986 square feet of ground-floor retail, and 218 parking spaces. The property commands top-tier triple net rents of $35-$42 per square foot and underwent comprehensive renovations in 2016 and 2018. Located in Puerta de Tierra with breathtaking views of the Atlantic Ocean, the Harbor, and prestigious Condado across the lagoon, the Property has established itself as one of San Juan’s most recognizable assets with its distinctive exterior murals and benefits from its proximity to luxury amenities, world-class dining, and Puerto Rico’s powerful Act 60 tax incentives that continue attracting Fortune 500 companies and high-net-worth individuals to the island.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
60,041 SF
Building Class
A
Year Built/Renovated
1970/2018
Percent Leased
100%
Tenancy
Multiple
Building Height
17 Stories
Typical Floor Size
3,531 SF
Building FAR
1.30
Lot Size
1.06 AC

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Mosaico, LLC
  • -
  • -
  • $13.17
  • Triple Net
  • -
  • Finance and Insurance
  • -
  • -
  • -
  • -

Pantera Capital was founded by former Tiger Management Head of Macro Trading and CFO Dan Morehead. Pantera’s global macro strategy invested over $1 billion of institutional allocations. In 2013, Pantera created the first blockchain hedge and venture funds in the United States. Their funds provide investors with the full spectrum of exposure to the space, ranging from illiquid venture capital assets (including early-stage tokens and multi-stage venture capital equity) to more liquid assets like bitcoin and other cryptocurrencies. Since 2013, Pantera has invested in digital assets and blockchain companies, providing investors with the full spectrum of exposure to the space.

  • Rosado, Toledo & LLC
  • -
  • -
  • $31.53
  • Triple Net
  • Jan 2026
  • Waste Management and Remediation Services
  • -
  • -
  • -
  • -

Founded in 1988, Triumvirate Environmental provides comprehensive materials management and expert environmental, health, and safety (EHS) services. The company specializes in supporting organizations in the Life Sciences, Healthcare, Higher Education, and Advanced Manufacturing sectors to maintain compliance, enhance safety, and streamline operations. Triumvirate Environmental emphasizes strong client partnerships, integrating closely with internal teams to deliver customized, proactive solutions that promote compliance, innovation, and continuous improvement. Leveraging advanced technology and proven safety protocols, the company ensures regulatory adherence for organizations across North America.

Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Mosaico, LLC - - $13.17 Triple Net -
Finance and Insurance - - - -
Rosado, Toledo & LLC - - $31.53 Triple Net Jan 2026
Waste Management and Remediation Services - - - -
  • Listing ID: 39076257

  • Date on Market: 1/14/2026

  • Last Updated:

  • Address: 53 Calle Palmeras, San Juan, PR 009012421

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