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Calle Mayor 2,475 SF Office Condo Unit Offered at $889,680 in Centro, Madrid 28013
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Investment Highlights
- A few meters from Puerta del Sol.
- Close to all amenities.
- High pedestrian traffic in the area.
- Excellent public transportation connections.
Executive Summary
Residential building with commercial spaces on the ground floor and offices. It has 8 stories and is well-connected by public transportation, with several urban bus lines and a metro station nearby.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 4.50% |
| Sale Type | Investment |
| Cap Rate | 4.50% |
Description
Office located two minutes from Puerta del Sol, right on Calle Mayor, and fully renovated.
It has a surface area of 230 m² and is currently divided into two distinct offices with a shared access hall.
It has a surface area of 230 m² and is currently divided into two distinct offices with a shared access hall.
Sale Notes
Sale of a profitable office located in the heart of Madrid, just two minutes from Puerta del Sol, on Calle Mayor, fully renovated.
The office can be accessed via stairs or a direct elevator and is currently divided into two distinct office spaces with a shared entrance hall.
The first office features an open-plan area at the entrance with a kitchen, two private offices—one of them with a Velux window—and a full bathroom.
The second office also offers a spacious open-plan area with a large window overlooking a patio, a private office with a bathroom and access to the patio, two additional private offices—one without windows and the other with a window facing a second patio—and a full bathroom. In total, it has seven rooms.
The finishes are excellent, with marble floors in the shared hall, hardwood and ceramic flooring in the offices, smooth walls, high ceilings, and high-end appliances.
The property is leased until 2030, offering a net return of 4.5%.
The office can be accessed via stairs or a direct elevator and is currently divided into two distinct office spaces with a shared entrance hall.
The first office features an open-plan area at the entrance with a kitchen, two private offices—one of them with a Velux window—and a full bathroom.
The second office also offers a spacious open-plan area with a large window overlooking a patio, a private office with a bathroom and access to the patio, two additional private offices—one without windows and the other with a window facing a second patio—and a full bathroom. In total, it has seven rooms.
The finishes are excellent, with marble floors in the shared hall, hardwood and ceramic flooring in the offices, smooth walls, high ceilings, and high-end appliances.
The property is leased until 2030, offering a net return of 4.5%.
| Unit | Unit Size | Condo Use | Price | NOI |
| - | 2,475 SF | Office | $889,680 ($359.47/SF) | $40,035.59 |
-
| Unit Size |
| 2,475 SF |
| Condo Use |
| Office |
| Price |
| $889,680 ($359.47/SF) |
| NOI |
| $40,035.59 |
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| Unit Size | 2,475 SF |
| Condo Use | Office |
| Price | $889,680 ($359.47/SF) |
| NOI | $40,035.59 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| Description | |
| Office located two minutes from Puerta del Sol, right on Calle Mayor, and fully renovated.<br> <br> It has a surface area of 230 m² and is currently divided into two distinct offices with a shared access hall.</li></ul> | |
| Sale Notes | |
| Sale of a profitable office located in the heart of Madrid, just two minutes from Puerta del Sol, on Calle Mayor, fully renovated.<br> <br> The office can be accessed via stairs or a direct elevator and is currently divided into two distinct office spaces with a shared entrance hall.<br> <br> The first office features an open-plan area at the entrance with a kitchen, two private offices—one of them with a Velux window—and a full bathroom.<br> <br> The second office also offers a spacious open-plan area with a large window overlooking a patio, a private office with a bathroom and access to the patio, two additional private offices—one without windows and the other with a window facing a second patio—and a full bathroom. In total, it has seven rooms.<br> <br> The finishes are excellent, with marble floors in the shared hall, hardwood and ceramic flooring in the offices, smooth walls, high ceilings, and high-end appliances.<br> <br> The property is leased until 2030, offering a net return of 4.5%.</li></ul> |
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 | > 50,000 SF | Building Class | A |
| Property Type | Multifamily (Condo) | Floors | 8 |
| Property Subtype | Apartment | Year Built | 1920 - 1929 |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 8 |
| Year Built | 1920 - 1929 |
Amenities
Site Amenities
- Security System
- Close to Public Transportation
- On-Site Retail
- Elevator
- On-Site ATM
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Calle Mayor
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