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San Blas 15,607 SF Retail Condo Unit Offered at $3,949,400 in San Blas - Canillejas, Madrid 28037
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Investment Highlights
- Environment with all services.
- Area well connected by public transportation.
Property Facts Under Contract
| Total Building Size | 10,000 - 60,000 SF | Building Class | C |
| Property Type | Retail (Condo) | Floors | 3 |
| Property Subtype | Storefront | Year Built | 1950 - 1959 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 3 |
| Year Built | 1950 - 1959 |
Amenities
- Bus Line
- Metro/Subway
1 Unit Available
| Unit Size | 15,607 SF | Sale Type | Investment |
| Price | $3,949,400 | Sale Status | Under Contract |
| Price Per SF | $253.05 | Cap Rate | 5.81% |
| Condo Use | Retail | NOI | $229,460.14 |
| Unit Size | 15,607 SF |
| Price | $3,949,400 |
| Price Per SF | $253.05 |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 5.81% |
| NOI | $229,460.14 |
Description
Total area of the premises: 1,450 m2.
Sale Notes
Supermarket with profitability located in the Madrid neighborhood of San Blas-Canillejas.
The tenant has been at this location for 30 years and has a long-term lease signed in 2025.
High net profitability: Year 1 (5.81%).
High net profitability: Year 2 (6.18%).
High net profitability: Year 3 (6.55%).
Interior
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Nearby Major Retailers
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Presented by
Urbagesa
San Blas
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