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Paseo Extremadura, 47 5,554 SF Retail Condo Unit Offered at $1,933,863 in Latina, Madrid 28011
Some information has been automatically translated.
Investment Highlights
- Excellent place with a 6% return
- Continuous high traffic of pedestrians
- Excellent communications by public transport
- Direct sale for the property
- Establishment with insured clientele
- Consolidated zone
- Monthly rent 7,000 #. Minimum expenses (community and IBI)
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Cap Rate | 4.70% |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.70% |
Sale Notes
Retail space for sale with profitability located in Puerta del Ángel.
The property consists of two floors. The ground floor offers 415 m², and the basement has 71.61 m². It is located at Paseo de Extremadura 47.
Currently leased to Eroski, it is being sold as an investment property.
The lease is established until the year 2037. The tenant is satisfied with the business they are operating, and there is no issue in providing references to potential buyers. The space is fully renovated, with a ceiling height of nearly 3 meters on the ground floor. It has all the necessary permits for commercial activity, including community authorizations for smoke extraction and rooftop HVAC services.
The sale also includes an additional unused space of approximately 30 m² on the first floor, featuring ventilation and natural light (windows facing an interior courtyard).
Net profitability after expenses is 6%.
Monthly rent: €7,000. Minimal expenses (community fees and property tax).
Net profitability after expenses: 6%.
A great property, well-located, with a reliable tenant and solid profitability.
Direct sale by the owner.
The property consists of two floors. The ground floor offers 415 m², and the basement has 71.61 m². It is located at Paseo de Extremadura 47.
Currently leased to Eroski, it is being sold as an investment property.
The lease is established until the year 2037. The tenant is satisfied with the business they are operating, and there is no issue in providing references to potential buyers. The space is fully renovated, with a ceiling height of nearly 3 meters on the ground floor. It has all the necessary permits for commercial activity, including community authorizations for smoke extraction and rooftop HVAC services.
The sale also includes an additional unused space of approximately 30 m² on the first floor, featuring ventilation and natural light (windows facing an interior courtyard).
Net profitability after expenses is 6%.
Monthly rent: €7,000. Minimal expenses (community fees and property tax).
Net profitability after expenses: 6%.
A great property, well-located, with a reliable tenant and solid profitability.
Direct sale by the owner.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Puerta 01 | 5,554 SF | Retail | $1,933,863 ($348.19/SF) | $90,890.40 |
Unit Puerta 01
| Unit Size |
| 5,554 SF |
| Condo Use |
| Retail |
| Price |
| $1,933,863 ($348.19/SF) |
| NOI |
| $90,890.40 |
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Unit Puerta 01
| Unit Size | 5,554 SF |
| Condo Use | Retail |
| Price | $1,933,863 ($348.19/SF) |
| NOI | $90,890.40 |
| Sale Type | Investment or Owner User |
| Cap Rate | 4.70% |
| Sale Notes | |
| Retail space for sale with profitability located in Puerta del Ángel. <br> The property consists of two floors. The ground floor offers 415 m², and the basement has 71.61 m². It is located at Paseo de Extremadura 47. <br> Currently leased to Eroski, it is being sold as an investment property. <br> The lease is established until the year 2037. The tenant is satisfied with the business they are operating, and there is no issue in providing references to potential buyers. The space is fully renovated, with a ceiling height of nearly 3 meters on the ground floor. It has all the necessary permits for commercial activity, including community authorizations for smoke extraction and rooftop HVAC services. <br> <br> The sale also includes an additional unused space of approximately 30 m² on the first floor, featuring ventilation and natural light (windows facing an interior courtyard). <br> Net profitability after expenses is 6%. <br> <br> Monthly rent: €7,000. Minimal expenses (community fees and property tax). <br> Net profitability after expenses: 6%. <br> A great property, well-located, with a reliable tenant and solid profitability. <br> Direct sale by the owner.</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 | 17,825 SF | Floors | 5 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 3,563 SF |
| Property Subtype | Apartment | Year Built | 1930 |
| Building Class | C | Lot Size | 0.11 AC |
| Total Building Size | 17,825 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 3,563 SF |
| Year Built | 1930 |
| Lot Size | 0.11 AC |
Amenities
- Bus Line
- Natural Light
Site Amenities
- Close to Public Transportation
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Paseo Extremadura, 47
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