Union Plaza Building, located at 416 Ponce de León Avenue in Hato Rey’s
financial district, is a 17-story Class B office tower with 157,135 square feet of net
rentable area (2024 BOMA standards) and an average floor plate of 8,918
square feet. The property includes a 75,756-square-foot multy-story parking
garage with 452 spaces, offering a parking ratio of 2.88 spaces per 1,000 square
feet. Currently 75% occupied, there is approximately 38,739 square feet of
available space for rent, presenting leasing and value-add opportunities if the
buyer decides to expand existing leasing operations. However, Union Plaza is
Zoned C-3 Commercial and located in Flood Zone X (low risk), expanding
opportunities for a wide variety of redevelopments. The building also features
reinforced concrete construction, central air-conditioning, wet-system
sprinklers, and emergency power generators.
Union Plaza Building, located at 416 Ponce de León Avenue in Hato Rey’s
financial district, is a 17-story Class B office tower with 157,135 square feet of net
rentable area (2024 BOMA standards) and an average floor plate of 8,918
square feet. The property includes a 75,756-square-foot multy-story parking
garage with 452 spaces, offering a parking ratio of 2.88 spaces per 1,000 square
feet. Currently 75% occupied, there is approximately 38,739 square feet of
available space for rent, presenting leasing and value-add opportunities if the
buyer decides to expand existing leasing operations. However, Union Plaza is
Zoned C-3 Commercial and located in Flood Zone X (low risk), expanding
opportunities for a wide variety of redevelopments. The building also features
reinforced concrete construction, central air-conditioning, wet-system
sprinklers, and emergency power generators.
Bienes Raices San Juan - Hato Rey Puerto Rico, Union Plaza
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