Closed Deals

Office 606 – Parque Sur Building Santiago· chile

Code: TIO30

Office Area:114.18
Type:Office
Location:Las Condes
Price (UF/M2):125
State:Sold
Tenant:Mujeres Empresarias

DOCUMENTS

Executive Summary

DESCRIPTION

TierraInfinita is proud to be the exclusive agent of this unique opportunity to acquire a class A+ office in the exclusive Parque Sur building, located in the Nueva Las Condes area, leased to the organization Mujeres Empresarias.

The property, with a total surface of 114.18 m², corresponds to the office 606. The package considers also the sale of 2 parking lots and 1 storage unit.

The Parque Sur building is located in the consolidated area of Nueva Las Condes. It is a class A+ building built in 2008, with 22 floors and 8 underground levels.

The building is currently fully occupied, quite above the levels seen in class A+ buildings in Santiago and the area. The tenant, Mujeres Empresarias, is a leader organization that brings support and adds value to women managers and entrepreneurs, providing development and growth prospects to their businesses through their wide network of women in the field.

Mujeres Empresarias has a current lease ending September 2022 with multiple and succeeding renewal options, with a 5% rental increase by the end of the 5^th year.

Investment Highlights

Long Term Lease Contract

5 years base contract (September 1, 2017 – August 31, 2022)
Multiple and succeeding renewal options, with a 3-month notification period
5% rental increase by the end of the 5th year

Excelente Tenant

Mujeres Empresarias is an organization with a renowned trajectory and first category partners

Spectacular Building

Class A building with fine finishes and spacious common areas
Control and safety 24/7
Last generation elevators
No vacancy at building

Excellent Office

Offices are superior quality with superb finishes
Ample sight to the west (Alonso de Córdova with Los Militares)

Limited Owner Responsibility

Owner shall only pay real estate taxes
Tenant pays operating expenses
Tenant pays maintenance of minor works

LOCATION

Priviledged Location

Exclusive office sector of Nueva Las Condes
Only a few minutes away from Manquehue subway station
Near to services such as banks, supermarkets, shopping malls and retail

Only 4 minutes of Parque Arauco
Fast and easy access from east area of Santiago
Multiple restaurants and coffee shops in the neighborhood
Class A+ office buildings vacancy rate in the sector is significantly lower than other areas

OTHER PROPERTIES

Santiago, Chile