Income-Producing Isla Verde Parking Leasehold Position - FOR SALE

The Isla Verde Sector constitutes one of the most important tourist areas of Puerto Rico. Major hotels and guest houses are mainly located along the Isla Verde Avenue and interior arteries. These account for about 30% of all hotel rooms in the San Juan Metropolitan Area. The immediate neighborhood is almost 100% built-up. In addition to having the attractions of a tourist area, it has conveniences required for daily living such as pharmacies, doctors’ offices, supermarkets and general convenience shopping centers, some of which operate 24 hours a day. In addition, the Luis Muñoz Marín International Airport is located just steps from the Property. The area offers the possibility of living in the midst of a tourist area, with all the conveniences and attractiveness of its activities, both recreational and cultural. It is centrally located and within easy commuting distance from the major working and commercial areas of the San Juan Metropolitan Area. In addition, since this sector borders the Atlantic Ocean to the north, it provides among its main attractive elements for either locals or tourists, water-related recreational activities. Isla Verde Avenue is the most important and most traveled artery within the Isla Verde Sector and runs in a west-to-east direction from Loíza Street until connecting with State Road PR-187, that later links with the Piñones Sector, also a popular area with locals and tourists.