Office Suites on 7th
954 Avenida Ponce de Leon San Juan, PR 00907
For Sale
Contact for pricing
7th-floor office suites offered in multiple configurations totaling 4,026.77 USF.
Property Size2,536 SF
Price / SF$433.75
Days on Market859
Property Features for 954 Avenida Ponce de Leon
General Information
- Standard status
- Active
- Size
- 2,536 SF
- Property subtype
- Office
Listing Agency:
Christiansen Commercial Real Estate
Listed By:
Ryan Christiansen, CCIM · License #PR12415
Source:
Crexi
Added: Mar 18, 2024
Changed: Jul 21
Last Checked: Jul 23 at 12:45PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Christiansen Commercial Real Estate
Investment Insights
Based on property information with market context.
This offering includes office suites on the 7th floor with a total area of 4,026.77 USF. Suite 703 is 568.01 USF, and Suites 704–705 combine for 1,825.49 USF. Suites 706–707 total 1,633.27 USF. Utilities are included in the HOA fee if owned.
The property is on Avenida Ponce de Leon with excellent presence, accessibility, and visibility. It provides immediate access to major traffic arteries in the San Juan Metropolitan Area, including Fernández Juncos Avenue, Baldorioty de Castro Boulevard, and Muñoz Rivera Expressway. The location is directly across from the Puerto Rico Music Conservatory and Jewish Community Center.
Nearby are a variety of commercial, residential, retail, office, and hotel components, including restaurants, cafes, a supermarket, a movie theatre, gas service stations, a United States post office, and bus stops, along with federal and state government offices and court-related uses.
The property is on Avenida Ponce de Leon with excellent presence, accessibility, and visibility. It provides immediate access to major traffic arteries in the San Juan Metropolitan Area, including Fernández Juncos Avenue, Baldorioty de Castro Boulevard, and Muñoz Rivera Expressway. The location is directly across from the Puerto Rico Music Conservatory and Jewish Community Center.
Nearby are a variety of commercial, residential, retail, office, and hotel components, including restaurants, cafes, a supermarket, a movie theatre, gas service stations, a United States post office, and bus stops, along with federal and state government offices and court-related uses.
Key Highlights
- 7th‑floor office suites totaling 4,026.77 USF
- Suite 703 offers 568.01 USF
- Suites 704‑705 combine for 1,825.49 USF
Financial Insights For Office B
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 | $54.8k | $21.60 |
| − Vacancy | −$9.9k | −$3.89 |
| EGI | $44.9k | $17.71 |
| − OpEx | −$11.2k | −$4.43 |
| NOI | $33.7k | $13.28 |
2,536 SF · lease $21.60/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$481.3K
$421.1K – $561.5K
NOI $33,688 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$676.9K
$592.3K – $789.7K
NOI $47,383 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
FAQs
What type of property is this?
Office units - 7th-floor office suites offered in multiple configurations totaling 4,026.77 USF.
Where is this office units located?
The property is located at 954 Avenida Ponce de Leon San Juan, PR.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 7th‑floor office suites totaling 4,026.77 USF; Suite 703 offers 568.01 USF; Suites 704‑705 combine for 1,825.49 USF
