Santa Ana is a booming area and this brand new building in the center of town has all five retail stores occupied for US$2,700 per month plus two apartments on the top floor which would bring in more income now also available for rent.

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The owner was not planning on selling this new 780M2 (8,392.8 square feet) building but just happened to mention to us that if the right offer came along, he would consider it.

There are presently five stores (average 40M2 or 430 square feet) fully rented which bring in US$2,700 per month in rental income.

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  1. Store 1 – Graphic design store/office.
  2. Store 2 – Clothing store.
  3. Store 3 – Clothing store.
  4. Store 4 – Small beauty salon.
  5. Store 5 – Taco store.

This rental income above does not include what you could do with the top floor where there are two large apartments, one that is 121M2 (1,301.96 square feet) and the other is 141M2 (1,517.16 square feet)…

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One option could be transform the two apartments into six ‘executive offices’ which could easily bring in additional $2,000 per month.

Annual property taxes on this building are around US$1,600

There is a serious shortage of affordable, quality office space in this rapidly growing area that has been appreciating at a minimum of 25% per annum over the past few years, so we believe that at US$1,200,000 (and the owner will listen to sensible offers) this could be an attractive Costa Rica real estate investment.

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As always, we would encourage a potential buyer to make sure they and their attorneys verify all details of the property and the rental agreements before even considering making an offer.

If you have a serious interest in buying this Santa Ana building and would like a highly recommended and trustworthy Costa Rica Realtor to help you, please help us to help you by contacting us using the simple form below:






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