Periférico Sur 2370

Property type:

offices

Profitable area:

10,441 SQ FT

Year of acquisition:

2020

Opportunity to acquire a long-term holding asset, based on location and appeal as a boutique office space right in the entrance on the exclusive San Angel neighborhood. Value added by renovating the common areas (lobbies, elevators, restrooms) and updating/upgrading critical installations (electrical, elevators, HVAC), which enabled lease renewals with strategic tenants at market rents. There’s also a plan to slightly increase the leasable space.