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Calle de la Infanta Mercedes, 39 2,357 SF of Office/Retail Space Available in Tetuán, Madrid 28020
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SUBLEASE HIGHLIGHTS
- Large corner glazed façade
- Excellent visibility for foot and road traffic
- Next to Bravo Murillo street and a step away from Paseo de la Castellana
ALL AVAILABLE SPACE(1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
-
RENTAL RATE
- SPACE USE
- CONDITION
- AVAILABLE
Sublease of a 219 m2 commercial space located in the Castillejos neighborhood. The space is distributed over two floors and is in excellent condition. It features a large corner façade, providing optimal visibility, and was previously used as a bank branch. This is a sublease asset under a Sale & Leaseback (S&LB) arrangement, owned by a third party and leased. The current tenant would transfer the space under this arrangement, subject to the property owner's authorization to sublease. Specific rental conditions: • 1. Rent payment grace period: 2 months of rent. • 2. Regular rent adjustment: Annual adjustment based on CPI. • 3. Extraordinary rent review for market adjustment starting in the 5th year: market review every 5 years. • 4. Mandatory compliance period: 5 years. • 5. Total term: Duration of the master lease minus 3 months. • 6. Common expenses and property tax (IBI): covered by the landlord. • 7. Legal deposit: 2 months of rent. • 8. Additional guarantee: A deposit of 2-4 months of rent must be provided, depending on the scoring process results.
- Taxes and Charges included in the Rent
- Mostly Open Floor Plan Layout
- Large corner glazed façade
- Excellent visibility for foot and road traffic
- Sublease space available from current tenant
- Natural Light
- Next to Bravo Murillo street and a step away from Paseo de la Castellana
| Space | Size | Term | Rental Rate | Space Use | Condition | Available |
| Ground, Ste Puerta 02 | 2,357 SF | Negotiable | $17.01 /SF/YR INCL $1.42 /SF/MO INCL $40,087 /YR INCL $3,341 /MO INCL | Office/Retail | - | Now |
Ground, Ste Puerta 02
| Size |
| 2,357 SF |
| Term |
| Negotiable |
|
Rental Rate
|
| $17.01 /SF/YR INCL $1.42 /SF/MO INCL $40,087 /YR INCL $3,341 /MO INCL |
| Space Use |
| Office/Retail |
| Condition |
| - |
| Available |
| Now |
Ground, Ste Puerta 02
| Size | 2,357 SF |
| Term | Negotiable |
|
Rental Rate
|
$17.01 /SF/YR INCL |
| Space Use | Office/Retail |
| Condition | - |
| Available | Now |
Sublease of a 219 m2 commercial space located in the Castillejos neighborhood. The space is distributed over two floors and is in excellent condition. It features a large corner façade, providing optimal visibility, and was previously used as a bank branch. This is a sublease asset under a Sale & Leaseback (S&LB) arrangement, owned by a third party and leased. The current tenant would transfer the space under this arrangement, subject to the property owner's authorization to sublease. Specific rental conditions: • 1. Rent payment grace period: 2 months of rent. • 2. Regular rent adjustment: Annual adjustment based on CPI. • 3. Extraordinary rent review for market adjustment starting in the 5th year: market review every 5 years. • 4. Mandatory compliance period: 5 years. • 5. Total term: Duration of the master lease minus 3 months. • 6. Common expenses and property tax (IBI): covered by the landlord. • 7. Legal deposit: 2 months of rent. • 8. Additional guarantee: A deposit of 2-4 months of rent must be provided, depending on the scoring process results.
- Taxes and Charges included in the Rent
- Sublease space available from current tenant
- Mostly Open Floor Plan Layout
- Natural Light
- Large corner glazed façade
- Next to Bravo Murillo street and a step away from Paseo de la Castellana
- Excellent visibility for foot and road traffic
PROPERTY FACTS
| Total Space Available | 2,357 SF | Building Size | 59,912 SF |
| Property Type | Multifamily | Year Built | 1965 |
| Property Subtype | Apartment |
| Total Space Available | 2,357 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Size | 59,912 SF |
| Year Built | 1965 |
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Calle de la Infanta Mercedes, 39
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