Sea Tower Commercial Center in Tamarindo

Tamarindo

FOR SALE

$1,950,000

Units

Multiple

Bathrooms

Yes

Pool

No

Year Built

2005

Area (sqm)

n/a

Lot Size

n/a

Description

Sea Tower Commercial Building, strategically located in Central Tamarindo, directly across from the skate park and very popular Green market. It has has Super Compro a 37 store chain, as a solid anchor, with another 3 years remaining on the lease (lease can be renewed). The building was built in 2005. It encompasses an estimated 18,300sf (1700sm) and is 70% leased.

Super Compro occupies the basement and first floor. The second floor and third floor are currently available for lease.

The fourth floor and roof top terrace with an incredible view of the Tamarindo Bay is occupied by The Roof restaurant, which has been a tenant for several years.There are two small kiosks at the front of the building rented out for additional income.

Each lease has a 3% to 5% rate increase each year of the contract.

A new wastewater treatment plant has also been installed with the cleaned waste water being discharged to irrigate the skate park across the street. Partial owner financing is potentially available as well. Excellent investment opportunity in AAA location!