Property History
Property Type
Property Type
Property Subtype
Marketing Description
El Centro Condminium covers an entire block delineated by Muñoz Rivera Avenue (marginal street) and Hija del Caribe, Ana P. Duprey and Loaiza Cordero Streets. It consists of a mixed residential and commercial complex comprising two twin high-rise towers (I and II) of fifteen stories each built in the 1970's totaling 251 units. The first three floors are commercial in nature mixing professional offices and retail establishments mostly at the ground level. The upper floors house the residential apartment units, although commercial (office) uses are also allowed at upper floors. Access to the upper levels is thru four elevators and four staircases (two per tower). The second and third commercial floors have public restrooms. The building is in average physical condition and was recently painted and has been adequately maintained. It is supported by an underground concrete multi-level parking garage totaling approximately 97 parking stalls, plus 100 stalls at the surface parking areas along the streets. The building lacks parking space for visitors which is considered a functional obsolescence of the complex and typical of the Hato Rey sector
The subject property consists of 26 parking stalls comprising a surface parking lot located at the west corner of the complex facing Hija del Caribe, Ana P. Duprey and Loaiza Cordero Streets. The
subject parking lot supports two office rental buildings located nearby under same ownership. A plot plan of the subject's parking lot is included below.
Investment Highlights
- Parking B – El Centro Condominium
- Type: Individually titled parking spaces (condominium)
- Spaces: 26
- Location: In front of Buildings 103 and 107
- Appraised Value: $260,000
- Advantage: High demand due to titled format. Potential for resale per unit to nearby residents or businesses.
Loan History
Financial History
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Ownership Information
Property Details
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