The Tamarindo Sea Tower building is located in a very desirable location in downtown Tamarindo across from the newly renovated skate park and Saturday market. It has Super Compro as a solid anchor with another 4 years on the lease. The building was built in 2005. It encompasses an estimated 18,300sf (1700sm) and is 100% leased. The basement and first floor are occupied by Super Compro. The second floor and third floors are newly leased to a Hostel that is undergoing a complete remodeing of the interior space. The fourth floor and terrace with an incredible view of the Tamarindo bay is occupied by The Roof restaurant. The Roof's 10 year lease was artificially low due to their building the terrace. It is due for renewal in one year and has potential for a significant rent increase. There are two small kiosks at the front of the building rented out for additional income. Each lease has a 3% to 5% rate increase each year of the contract. There is also an incredible manager that has been managing the building for over 10 years and knows every detail. She could be available for hire for a seamless transition. A new wastewater treatment plant has been installed with the cleaned waste water being discharged to irrigate the skate park across the street.

Stories: 4
Building Classification: Commercial Mixed Use
Number Of Elevators: 1
Floor Number: 4
Floor Type: Concrete

General data:

Water
Air Conditioning
Elevator
Street Lighting
Internet
Nearby Parks
Beach
Furnished
Liquor License
Restaurant
Terrace
Good Access
Entrance Ramp
Ground Level Access
Rails
Services Closeby
Profitable Construction Area: 1800
Year Of Construction: 2005
Tenants: 6
Class: B
Retail / Offices: 4
Retail / Offices In Building: 3
Common Bathrooms: 2
Building Type: Commercial
Type Of Walls: Concrete Block