Avenida Somosierra, 12 - Edificio Cristal 7,534 SF Industrial Condo Unit Offered at $1,068,239 in San Sebastián de los Reyes, Madrid 28703

Industrial warehouse for sale, free of encumbrances, currently leased to a financially solvent tenant. This is a net yield sale at 4.1%. Please, no inquiries from curious parties. Price revised in June 2024.

Great opportunity for private investors, professionals, funds, or REITs of any size looking to add income-generating properties to their portfolios, whether for industrial or tertiary use, located in the Madrid region. Sale due to divestment. The purchase of the warehouse will allow the buyer to assume the position of the current owner and landlord, and from that moment, they will begin invoicing the rent to the current tenant. The reason for the sale is ordinary retirement and relocation. Direct sale by the owner. I do not accept or authorize commercial calls or messages. Please do not contact me for such purposes.

Warehouse features: Industrial pavilion of 696 m² located in the Cristal building in San Sebastián de los Reyes, Madrid. The current tenant is a financially solvent company in the high-end or luxury automotive sector. The property, all on one floor, totals 696 m² divided into two main areas: one of 277 m² with a height of 5.37 meters and another of 373 m² with a height of 4.36 meters. Additionally, it includes a small first-floor office or workspace of 25 m², a reception area of 25 m², and a loading/unloading zone of 56 m² for exclusive use. The property benefits from abundant natural light. It is equipped with a three-phase electrical system, LED lighting, fire hose reels (BIES), electronic fire detection systems, anti-intrusion systems, alarm connected to a monitoring center (CRA), closed-circuit television (CCTV), heating, and gigabit symmetrical fiber optics. Part of the façade is glass. Community expenses are low. The complex is gated and monitored 24/7 with private and electronic security. Excellent public transport and road connections.

Tax benefits: This transaction meets all the requirements outlined in VAT law, meaning the sale is VAT-exempt. Taxes for the buyer are very low (less than 1.5% by waiving the VAT exemption). Estimated transaction costs (taxes, notary, and registration) are under €15,000 in total. Unique opportunity. The sale price is non-negotiable, and all transaction costs will be fully borne by the buyer.