416 Ponce de Leon Ave, Hato Rey, San Juan PR, San Juan, PR For Sale

Union Plaza Building, located at 416 Ponce de León Avenue in Hato Rey’s financial district, is a 17-story Class B office tower with 157,135 square feet of net rentable area (2024 BOMA standards) and an average floor plate of 8,918 square feet. The property includes a 75,756-square-foot multy-story parking garage with 452 spaces, offering a parking ratio of 2.88 spaces per 1,000 square feet. Currently 75% occupied, there is approximately 38,739 square feet of available space for rent, presenting leasing and value-add opportunities if the buyer decides to expand existing leasing operations. However, Union Plaza is Zoned C-3 Commercial and located in Flood Zone X (low risk), expanding opportunities for a wide variety of redevelopments. The building also features reinforced concrete construction, central air-conditioning, wet-system sprinklers, and emergency power generators.