CASCO VIEJO PANAMA PRIME TURNKEY INVESTMENT 7.2% CAP

A 7.2% CAP rate with a prime existing long-term financially stable client in the prime Casco Viejo Panama City location. This area and property have high appreciation potential, built-in annual rental rate increases with a 20-year performing lease. It does not get better than this for luxury prime real estate investments that are cash flow from day one.  This is not one of those wishful thinking cap rates but a real cap rate from a performing stable tenant.   These numbers are connected to a prime property in a prime location.

Location: 

This property is located in the heart of Casco Viejo, 2 blocks from the Presidential Palace, 5 minutes from Downtown, and 35 minutes from Panama’s main airport; it also has a valuable location near the entrance of Casco Antiguo, providing one of the highest levels of vehicle and foot traffic in all of Casco and affording easy access in and out from the beautiful Cinta Costera (seafront boulevard) that connects to downtown and the east side of the city.

Casco Viejo (aka Casco Antiguo) is the old colonial quarter of Panama City. It is experiencing a reclamation of its cultural, architectural, and social significance. The “Old City” is being restored through public funding and private investment. It is a UNESCO World Heritage Site and major tourist area of Panama City that has become a pedestrian-friendly area of destination restaurants, shops, nightlife, and hotels.

The Building:

The building is a historic, former apartment building that was gut renovated in 2010 into a 9-unit Boutique Art Hotel with a ground-floor restaurant, bar, and rooftop bar—two of the most popular food and beverage businesses in all of Panama.

The building underwent a second full cosmetic renovation in November 2019 and upgraded its AC, water heater system, and kitchen equipment.

Floor Plan.

1. Level 100     Ground Floor- Restaurant, Lobby bar, Hotel reception, Kitchen, and bathrooms. 4.408 Sq Ft
2. Level 200     First Floor-  Hotel rooms and conference room..                                                3.790 Sq Ft
3. Level 300.    Second Floor- Hotel room and admin office.                                                      3.790 Sq Ft
4. Level 400.   Third Floor. Roofbar Terrace, A/C machinery, storage area, and Bathrooms.          2.893 Sq Ft
   
   Total Sq Ft.   14.881. Sq Ft.
   
   Contact us for more information on this turnkey cash flow real estate investment in a prime Panama City location