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Zona Timón 4,714 SF Retail Condo Unit Offered at $801,848 in Barajas, Madrid 28042
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Investment Highlights
- Residential area consisting of homes built between the year 2000 and 2010.
- Excellent connection to the airport.
Executive Summary
Residential property with 12,541 m2 of built area distributed across six above-ground floors located in Timón. Residential area surrounded by recently constructed apartment blocks with good access to services.
Property Facts Under Contract
| Total Building Size | > 50,000 SF | Floors | 6 |
| Property Type | Multifamily (Condo) | Year Built | 2010 - 2019 |
| Property Subtype | Apartment | Parking | Yes |
| Building Class | B |
| Total Building Size | > 50,000 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 6 |
| Year Built | 2010 - 2019 |
| Parking | Yes |
Amenities
Unit Amenities
- Air Conditioning
- Storage Space
1 Unit Available
Unit Pta. 01
| Unit Size | 4,714 SF | Sale Type | Investment |
| Price | $801,848 | Sale Status | Under Contract |
| Price Per SF | $170.10 | Cap Rate | 4.50% |
| Condo Use | Retail | NOI | $36,083.15 |
| Unit Size | 4,714 SF |
| Price | $801,848 |
| Price Per SF | $170.10 |
| Condo Use | Retail |
| Sale Type | Investment |
| Sale Status | Under Contract |
| Cap Rate | 4.50% |
| NOI | $36,083.15 |
Description
430 m2 space distributed over two floors on a corner.
Sale Notes
Sale of a 430 m2 commercial space with profitability, currently set up as a gym.
The property is leased and has a well-established business activity, located in a strategic area with a rental contract in place until 2032.
All of this makes this an excellent opportunity to generate returns from day one, with an approximate yield of 4.5%.
Fachada
Presented by
Zona Timón
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