Versatile Warehouse and Office Building

602 BARBOSA AVE San Juan 00926

Claim this Listing
For Sale
$12,900,000

Warehouse - SAN JUAN, PR

Type:Single Family Residence
Property size:
129,000 SF
Lot size:
2.90 Acres
Price / SF:
$100/SF
Added:
Mar 3, 2021
Days on Market:
1957
Last Refresh:
Jul 12 at 1:06 am

Property Features for 602 BARBOSA AVE

General Information

Property type
Commercial Sale
Property subtype
Single Family Residence
Standard status
Active
APN
012-489-389-33-903
Size
129,000 SF
Lot size
2.90 Acres

Building Details

Year built
1990
Building materials
Block
Architectural style
Other

Listing agent Leon Winer License #03937

Listing office WINER PROPERTY GROUP PO Box 190858

Listing date Mar 3, 2021

MLS# PR9092950 Listing URL

Copyright © 2026 Stellar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multi-story building features a combination of self-storage warehouse and office spaces. The first floor is configured as a mini self-storage warehouse with units ranging from 5x7 to 10x20. The second through fifth floors offer office spaces starting at 10,000 square feet. Parking is available at a ratio of 2 cars per 1,000 square feet. The building is equipped with two elevators and various security features, including cameras, RFID, and biometric access control systems. Fiber optic internet service is available through Claro and AT&T. Rent includes central air conditioning, common area maintenance, insurance, and taxes. Tenants are responsible for paying for AEE, AAA, and communications separately. The 3rd and/or 4th floors can be prepared with access control 24/7 with biometric system and two step confirmation, complete privacy with floor to ceiling walls and 2.5 hours fire resistance design and sound proofing, individual HVAC high efficiency system (Samsung inverter VRF), two configuration, pay per use, conference rooms with digital boards and Internet access (35 and 50 capacity respectively), LED lighting to reduce energy expense, sub meter for energy consumption (each tenant pays what they consume, no CAM), and build to suit, all displayed areas are adjustable to tenants requirements. The property is situated on a 2.9-acre lot.

Key Highlights

  • Flexible office spaces starting at 10,000 sf available on floors 2‑5.
  • Floors 3 and 4 offer customizable build‑to‑suit options.
  • Advanced security features including cameras, RFID, and biometric access control systems.

Local Financial Insights For Self Storage

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $1.55M $12.00
− Vacancy −$74.3k −$0.58
EGI $1.47M $11.42
− OpEx −$442.1k −$3.43
NOI $1.03M $8.00
129,000 SF · lease $12.00/SF/yr · vacancy 4.80% · expense 30.00%

Alternative Uses

Best Use
Office B
$25.48M
$22.30M – $29.73M (±1% cap)
NOI $1,783,877 @ 7.0% cap · market cap 13.83%
Second Best
Self Storage
$14.74M
$12.89M – $17.19M (±1% cap)
NOI $1,031,587 @ 7.0% cap · market cap 8.00%
Theoretical Best
Specialty Retail
$31.58M
$27.63M – $36.84M (±1% cap)
NOI $2,210,544 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Location Intelligence

Current Use by Public Records

Self storage facilities

FAQs

What type of property is this?
Self storage facility - Multi-story building with warehouse and office space in San Juan.
Where is this self storage facility located?
The property is located at 602 BARBOSA AVE San Juan.
What is the asking price?
The asking price for this property is $12,900,000.
What are key features of this property?
This property features: Flexible office spaces starting at 10,000 sf available on floors 2‑5.; Floors 3 and 4 offer customizable build‑to‑suit options.; Advanced security features including cameras, RFID, and biometric access control systems.
Contact an agent
More about this property
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