1,480 m² leased office for sale at MAPFRE GMT Costa del Este

Secure a substantial corporate asset in MAPFRE GMT, Costa del Este: this 1,480 m² office is offered for USD 2,590,000 and is marketed with an existing AAA-client tenancy. The stated annual rent is approximately USD 311,000, equivalent to USD 17.50 per m² per month. A five-year lease with rent increases during its term is described, and the stated initial gross yield is approximately 12% before operating expenses and financing. The office has four bathrooms, 22 parking spaces and finished interiors with central air conditioning. Its 1,480 m² scale makes this a large-format commercial opportunity for an investor seeking an income-producing office in Panama City. The listing’s investment figures cite a current appraisal of USD 3,750,000 and an estimated market value of about USD 2,500 per m², compared with the USD 1,750 per m² asking price. MAPFRE GMT is described as a premium AAA corporate building in Costa del Este, a prominent business and financial district with multinational companies, financial institutions and regional headquarters. Building features include a security gatehouse, 24-hour security and visitor parking. Explore the lease and operating details with our team and arrange a closer review of this Costa del Este office investment.