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Avenida Somosierra, 12 - Edificio Cristal

7,535 SF Industrial Condo Unit Offered at $962,388 in 28703 San Sebastián De Los Reyes

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Investment Highlights

Profitable selling, ideal for investors
Excellent communication with transport

Highly sought after industrial area

Property Facts

Price	$962,388	Sale Type	Investment or Owner User
Unit Size	7,535 SF	Building Class	C
No. Units	1	Floors	5
Total Building Size	363,777 SF	Typical Floor Size	72,755 SF
Property Type	Industrial (Condo)	Year Built	1990
Property Subtype	Manufacturing	Lot Size	5.37 AC

Price	$962,388
Unit Size	7,535 SF
No. Units	1
Total Building Size	363,777 SF
Property Type	Industrial (Condo)
Property Subtype	Manufacturing
Sale Type	Investment or Owner User
Building Class	C
Floors	5
Typical Floor Size	72,755 SF
Year Built	1990
Lot Size	5.37 AC

1 Unit Available

Unit Puerta 16

Unit Size	7,535 SF	Condo Use	Industrial
Price	$962,388	Sale Type	Investment or Owner User
Price Per SF	$127.72

Unit Size	7,535 SF
Price	$962,388
Price Per SF	$127.72
Condo Use	Industrial
Sale Type	Investment or Owner User

Description

I am selling an industrial warehouse, free of charge, currently leased to a solvent tenant. This is a sale with a net return of 4.1%. Please refrain from curious people. Price revised in June 2014.
Great opportunity for private investors, professionals, funds or SOCIMs of any size who want to incorporate profitable, industrial or tertiary properties located in the community of Madrid into their portfolios. Sale by divestment. The purchase and sale of the warehouse will make the purchaser subrogate himself in the position of the current owner and landlord and from that moment on he will begin to bill the lease to the current tenant. The reason for the sale is ordinary retirement and moving, direct sale by the owner. I do not accept or authorize commercial calls or messages. Please don't.
Characteristics of the warehouse: 696 m2 industrial pavilion: located in the Cristal building in San Sebastián de los Reyes, Madrid. The current tenant is a solvent company in the high-end or luxury automotive sector. The building, all on one floor, totals 696 m2 in two main areas, one of 277 m2 with a height of 5.37 meters and the other of 373 m2 with a height of 4.36 meters. It also has a small first floor dedicated to an office or office of 25 m2 and a reception area of 25 m2 + loading and unloading area of 56 m2 for exclusive use. The property has a lot of natural light. Three-phase electricity installation, LED lighting, BIES and electronic fire or fire detection system, anti-intrusion, alarm to CRA and closed circuit TV or CCTV, heating and symmetric gibabit optical fiber. A part of the façade is glazed. Community expenses are low. Closed and controlled complex 24 hours a day with private and electronic security. Very good communications by public transport and road.
Tax benefits: this purchase and sale complies with all the requirements of the VAT law and thus the sale is not taxed by VAT (exempt from VAT). Very low taxes for the purchaser (less than 1.5% waiving the VAT exemption). Estimated expenses (taxes, notary and registration) of less than €15,000 in total. Unique opportunity. The amount of the sale is not negotiable and all transaction costs will be borne by the buyer.