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Chamartín 11,904 SF Retail Condo Unit Offered at $8,595,921 in Chamartín, Madrid 28016
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INVESTMENT HIGHLIGHTS
- Area with high pedestrian and vehicular traffic.
- Several metro and bus stops nearby.
EXECUTIVE SUMMARY
Residential building with 8 above-ground floors, featuring commercial spaces on the ground floor and apartments on the upper levels. Additionally, it boasts excellent public transportation connections, located very close to the Colombia, Nuevos Ministerios, and Avenida de América metro stations, as well as a wide variety of urban bus lines.
PROPERTY FACTS
| Total Building Size | 10,000 - 60,000 SF | Building Class | B |
| Property Type | Multifamily (Condo) | Floors | 8 |
| Property Subtype | Apartment | Year Built | 1950 - 1959 |
| Total Building Size | 10,000 - 60,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 8 |
| Year Built | 1950 - 1959 |
1 UNIT AVAILABLE
| Unit Size | 11,904 SF | Sale Type | Investment |
| Price | $8,595,921 | Cap Rate | 4.52% |
| Price Per SF | $722.10 | NOI | $388,535.63 |
| Condo Use | Retail |
| Unit Size | 11,904 SF |
| Price | $8,595,921 |
| Price Per SF | $722.10 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 4.52% |
| NOI | $388,535.63 |
DESCRIPTION
Premises area of 1,106 m2 with 589 m2 on the ground floor and 517 m2 in the basement. It includes a smoke vent and a terrace.
SALE NOTES
Commercial property for sale with profitability located in the Chamartín district, next to República Dominicana square and very close to Berlin park.
Net profitability of 4.52% until 2026, increasing to 4.92% for the remainder of the contract.
It is located on one of the main arteries of Príncipe de Vergara street, a residential area with a variety of shops and hospitality businesses.
Additionally, it has excellent public transportation connections, being very close to the Colombia, Nuevos Ministerios, and Avenida de América metro stations, as well as a wide variety of urban buses.
Interior
Interior
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Presented by
Urbagesa
Chamartín
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