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Investment Highlights

  • Good location in the Tetuan-CBD area
  • Exclusive entrance and elevator for offices
  • Wide and attractive range of services in the area
  • Brand new office with recent renovation
  • Near the Nuevos Ministerios transport interchange

Executive Summary

Mixed-use building located on Orense street, in the Nuevos Ministerios - Azca area. It consists of 18 floors above ground (Semi-basement + Lower + 16). Property equipped with: - Fire detection system. - Concierge service. - Elevator core.

1 Unit Available

  • Unit
  • Unit Size
  • Condo Use
  • Price
  • NOI
  • -
  • 2,174 SF
  • Office
  • $776,191 ($357.03/SF)
  • -
Sale Type Investment or Owner User
No. Parking Spaces 2
Sale Notes
Magnificent office on Orense Street, located in the Azca neighborhood, right in the heart of the business district of the capital. This is one of the most established and dynamic business areas in Madrid, making it an ideal location for any company seeking a representative corporate image.

The property is situated in a mixed-use building with a dedicated entrance, lobby, and elevator exclusively for office use. The office is located on the 2nd floor and has been recently renovated with high-quality finishes, ready for first-time use.

The office boasts a built area of 2,174 square feet (approximately 1,722 square feet of usable space) and is entirely exterior-facing. On one side, it features a spacious, private terrace with views of Orense Street, while on the other side, large windows overlooking the interior courtyard provide additional natural light to the space.

The interior of the office is equipped with floating laminate flooring, perimeter cabling, a suspended ceiling with recessed lighting, individual heating and cooling systems, emergency lighting, and access to restrooms located in the building's common areas.

Regarding parking, the property includes 2 parking spaces in the price, with the option to add 2 additional spaces (conditions to be discussed). Vehicle access to the parking area is through the nearby underground tunnels.

Notably, the building offers a communal reception area with a concierge during business hours, 24-hour security, and 2 elevators. Additionally, the building is fully accessible for individuals with reduced mobility.

The office is excellently connected by public transportation, being just a few steps from the Nuevos Ministerios metro and commuter train station, the Santiago Bernabéu metro station, and several bus lines.

For private transportation, the property is just minutes away from the M-30 and the A-2 highway, which provides access to the Adolfo Suárez Madrid-Barajas Airport. To further facilitate private transportation, there are numerous public parking options nearby, such as the public parking at the Madrid Congress Palace.

Finally, its strategic location offers a comprehensive and attractive range of services in the immediate vicinity, including El Corte Inglés at Nuevos Ministerios, clothing stores, supermarkets, gyms, and a wide variety of restaurants.
Unit Unit Size Condo Use Price NOI
- 2,174 SF Office $776,191 ($357.03/SF) -

-

Unit Size
2,174 SF
Condo Use
Office
Price
$776,191 ($357.03/SF)
NOI
-

-

Unit Size 2,174 SF
Condo Use Office
Price $776,191 ($357.03/SF)
NOI -
Sale Type Investment or Owner User
No. Parking Spaces 2
Sale Notes
Magnificent office on Orense Street, located in the Azca neighborhood, right in the heart of the business district of the capital. This is one of the most established and dynamic business areas in Madrid, making it an ideal location for any company seeking a representative corporate image.

The property is situated in a mixed-use building with a dedicated entrance, lobby, and elevator exclusively for office use. The office is located on the 2nd floor and has been recently renovated with high-quality finishes, ready for first-time use.

The office boasts a built area of 2,174 square feet (approximately 1,722 square feet of usable space) and is entirely exterior-facing. On one side, it features a spacious, private terrace with views of Orense Street, while on the other side, large windows overlooking the interior courtyard provide additional natural light to the space.

The interior of the office is equipped with floating laminate flooring, perimeter cabling, a suspended ceiling with recessed lighting, individual heating and cooling systems, emergency lighting, and access to restrooms located in the building's common areas.

Regarding parking, the property includes 2 parking spaces in the price, with the option to add 2 additional spaces (conditions to be discussed). Vehicle access to the parking area is through the nearby underground tunnels.

Notably, the building offers a communal reception area with a concierge during business hours, 24-hour security, and 2 elevators. Additionally, the building is fully accessible for individuals with reduced mobility.

The office is excellently connected by public transportation, being just a few steps from the Nuevos Ministerios metro and commuter train station, the Santiago Bernabéu metro station, and several bus lines.

For private transportation, the property is just minutes away from the M-30 and the A-2 highway, which provides access to the Adolfo Suárez Madrid-Barajas Airport. To further facilitate private transportation, there are numerous public parking options nearby, such as the public parking at the Madrid Congress Palace.

Finally, its strategic location offers a comprehensive and attractive range of services in the immediate vicinity, including El Corte Inglés at Nuevos Ministerios, clothing stores, supermarkets, gyms, and a wide variety of restaurants.

Property Facts

The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Total Building Size 261,746 SF
Property Type Multifamily (Condo)
Property Subtype Apartment
Building Class C
Floors 18
Typical Floor Size 13,595 SF
Year Built 1974
Lot Size 0.71 AC

Amenities

Site Amenities

  • Security System
  • Doorman
  • Elevator
  • On-Site ATM
  • Listing ID: 30074153

  • Date on Market: 8/1/2023

  • Last Updated:

  • Address: Calle Orense, 20, Tetuán, Madrid 28020

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