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For Sale

Warehouse For Sale

Profitable and growing storage business for sale in Chiriquí - drastically reduced!

$ 399,000

Price Reduced

Open to Offers

Motivated Seller

Priced to Sell

Income Producing

The opportunity of a lifetime! The owners of this property/business/opportunity have been overwhelmed by their success and ae now looking for a quieter life. Their vision for this storage business has steadily continued to grow into different chapters and the growth of this area (with tremendous rise in population) has not disappointed. In 2007 they realized that there were no public storage facilities in the area yet people were moving here and building homes, especially in Boquete. 8 years later they know they were on the right path. Today their 1.02 hectare titled property, located on a major new 4-lane highway, prime location between 2 rapidly growing areas of Boquete and David, is 85% leveled, 40% utilized, contains a nice 3 bedroom house for their manager to live in, and a 38 foot fifth wheel motor home which sits under a grove of trees, for the owners' use. In addition 13 marine containers are divided into 52 storage units of various sizes, and they offer car, boat, and RV storage; an income of over$5,000 monthly is possible. The current owners have always averaged 75-85% occupancy and have expanded as necessary. Every year they have increased their income. In addition they host a monthly flea market going strong for 4 years now, about 60 - 80 vendors, a nice side income for the owners. Asmall corner of the property is leased for 20 years for an internet tower which not only provides rent, but also free internet. They also accommodate RV’s traveling through Panama with camping and hook-ups. An on-site ozone clinic funded by two of the owners is also available and not included in this sale. The property is shaded with many trees and plants and features a year round creek running through the property and a creek outside running in front of the gate. There is never a water issue as the 40-foot-deep well provides pure drinkable water all year long. Up to here is today; from here on are the opportunities: 1. The north end of the property houses the flea market and 3 block and concrete storage units. The storage units currently provide $630 per month in rent and the open flea market area provides approximately $800/mo net to the owners. The total square feet of this area is 30x80 (2400 square feet, including the storage units). (Two of these units measure 15x9x10ft, one measures 30x9x10). Total monthly revenue from this area is currently $1,430 per month. Suggestions for alternative uses of this space and further development are: a. Expand the storage business in this locale, 6 more units (approximately 40 sq. ft.), at a cost of $5, 000 each ($30,000 total), and with 70% occupancy rate you will amortize your investment in two years. After that it is pure profit. Currently we are keeping the flea market as a community service since we’ve initiated Phase II of the business in the back lot. b. Alternatively this north area can be converted to a business mall with rents of configured units of approximately $2.50/sf, yielding each unit approx. 270 sf, at a rent of $675/month = $4,050 per month ($48,600/year). This is a prime possibility given the growth in the area north and south, the location, and lack of shops, restaurants, and services. 2. In the back lies a grassy area and seasonal creek (mostly year round) where 6 condos and a pool can easily be built. This is a more ambitious project as the cost of construction is around $100/sf. There are no condos in this area and they would be welcome. Most people now moving to Panama (Chiriqui) are looking to rent or live in a smaller space. Easy for locking and leaving. Also some buy condos as an investment and rent them out. Condos at 1000sf each cost $100,000 to build and each can sell for about $140,000. Total costs equal over $1,000,000 but the return on your money would be at least 10-15%. 3. Another idea that was presented to us in the same area is a small hotel. Figure a cost of about $1,000,000 again for the construction, and possibly 15 rooms for rent, plus a swimming pool. Rooms about $90 per night each night = $1,350 per night (total capacity), = up tp $40,000 per month. A i The lot south of the property is for sale at a very reasonable price, offering further room for expansion. The owners are prepared to finance over 5 year with a 50% down payment and an interest rate of 5%. They will also help the new proprietors to hit the ground running.

Area:: 1.02 m²
Beds:: 4
Baths:: 4
Parkings:: -

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MICONDADO

MiCondado Residences

$ 155,750 - $ 188,450

MiCondado is a compound of residential, business and entertainment facilities where you can arrange a meeting in your own office as well as enjoy multiple activities with friends and family. Living in MiCondado is to enjoy the benefit of having quick access to: pharmacies, Banks, restaurants, laundry rooms, football fields, and more. FACILITIES 2 Elevators and emergency stairs building Access control Power plant for common areas Controlled environment Guest Parking for cars and bikes AMENITIES Pool for adults and children Sundeck Multiple Gazebos BBQ area Recreation area: Baby Gym Kids Zone E-Lounge MiGym: Gym equipped with 150 mts Mini soccer MICONDADO PLAZA Offices from 25 mts Commercial establishments from 90 meters 200 Parking 3 elevators Complete bathrooms Storage available Emergency power plant Water treatment plant Reserve water tank

Area:: 71.6-88.95 m²
Beds:: -
Baths:: -
Parkings:: -

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THE TOWERS

THE TOWERS IN PAITILLA

$ 896,000 - $ 2,490,000

With their concave design, inspired by the serene and moderate movement of the ocean, The Towers involves a sublime landscape architecture in Panama. Counting with two towers, the complex offers different models of spacious and magnificent apartments. It is located in the heart of Punta Paitilla, characterized by been a traditional residential area. The Towers expresses modernity and exclusivity without leaving home comfort.

Area:: 320-750 m²
Beds:: -
Baths:: -
Parkings:: -

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Blue Venao

Apartments for sale in Playa Venao

$ 232,300 - $ 267,700

Apartments for sale in Playa Venao. Playa Venao is a World-Class Tourism and Retirement Destination in Panama situated in the picturesque crescent-shaped bay on Panama’s Azuero Peninsula. At the tip of the Azuero peninsula, just 25 minutes from the town of Pedasi. A distinctive beach resort village made up of walkable neighborhoods surrounded by outdoor green areas and fine amenities. Blue creates a very special environment for the enjoyment of all who discover this amazing destination: A private gated community featuring a Beach & Surf Club, resort-style swimming pools, parks, gardens and a worldclass beach. Designed to world-class standards, for discerning individuals and families to enjoy an enriching and active lifestyle within spectacular natural surroundings. The Blue Venao Beach & Surf Club includes a beachfront restaurant & bar, lounge, recreation and relaxation amenities to be the perfect compliment to the vibrant and active beach culture of Playa Venao.

Area:: 83 m²
Beds:: 2
Baths:: 2
Parkings:: -

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Blue Venao

Penthouses for sale in Playa Venao

$ 467,700 - $ 520,200

Penthouses for sale in Playa Venao. Playa Venao is a World-Class Tourism and Retirement Destination in Panama situated in the picturesque crescent-shaped bay on Panama’s Azuero Peninsula. At the tip of the Azuero peninsula, just 25 minutes from the town of Pedasi. A distinctive beach resort village made up of walkable neighborhoods surrounded by outdoor green areas and fine amenities. Blue creates a very special environment for the enjoyment of all who discover this amazing destination: A private gated community featuring a Beach & Surf Club, resort-style swimming pools, parks, gardens and a worldclass beach. Designed to world-class standards, for discerning individuals and families to enjoy an enriching and active lifestyle within spectacular natural surroundings. The Blue Venao Beach & Surf Club includes a beachfront restaurant & bar, lounge, recreation and relaxation amenities to be the perfect compliment to the vibrant and active beach culture of Playa Venao.

Area:: 118 m²
Beds:: -
Baths:: -
Parkings:: -

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CHATEAU

AN OASIS OF GRANDEUR AND SOPHISTICATION

$ 1,065,000 - $ 1,650,000

Designed with all the grandeur and sophistication of a Parisian townhouse, Chateau Santa Maria brings the lifestyle of European royalty to the vibrant, tropical, and modern ambiance of Panama City. The property –the creation of the renowned Panamanian firm, Arango Arquitectos—has been envisioned to provide its exclusive residents the highest level of comfort and relaxation –features enhanced by the luxurious sobriety of its inner décor, which create spaces of tranquility, the enjoyment of the area’s natural surroundings, and high-quality entertainment. A select number of families and individual homeowners will be the privileged residents of Chateau Santa Maria. Each floor of the property, which corners an attractive recreational park, will provide residents and guests the opportunity to enjoy breathtaking, panoramic views of the nearby golf club, Panama Bay, the verdant mountains to the north, and Panama’s burgeoning skyline to the southwest. BUILDING FEATURES 24-hour security 5 high-speed elevators; 2 private elevators serving each apartment A foyer leading to each apartment A Jacuzzi on each terrace Parking spaces for visitors Valet parking Emergency water systems Emergency power plant Private deposits for sale Garage door Lobby/concierge area MODEL A 463.25 square meters (4986.38 square feet)Living/dining roomDenVisitors’ bathroomAmple terrace with Jacuzzi and space for BBQAmple main bedroom with walk-in closet and shower with views to the golf courseFamily room in between all three bedroomsThree bedrooms with bathrooms and walk-in closetsKitchen/breakfast tableLaundry roomTwo maid’s bedrooms with their own bathroomsOption for central air conditioning in the entire apartment4 bedrooms with their own bathrooms and walk-in closets MODEL B 391.70 m2 (4,216.22 square feet)Living/dining roomDenVisitor’s bathroomAmple terrace with Jacuzzi and space for BBQAmple main bedroom with walk-in closet and shower with views to the golf courseFamily room in between all two bedroomsTwo Ample bedrooms with bathrooms and walk-in closetsKitchen/breakfast tableLaundry roomMaid’s bedroom with bathroomOption for central air conditioning in the entire apartment.3 bedrooms with their own bathrooms and walk-in closets

Area:: 391.70-463.25 m²
Beds:: -
Baths:: -
Parkings:: -

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Torres de Castilla

Elegnt Tower in the Center of Town

$ 141,808 - $ 187,640

TORRES DE CASTILLA This is the opportunity you were waiting for!!, in Via España, residential development that will enhance the quality of life of its residents, thanks to its strategic location, efficient architectural design and complete social area, will be the project where all we want to be. Located on Via España a few steps from the Fernandez de Cordoba diagonal to Home and Health. Close to everything! shopping malls, banks, supermarkets, schools, universities, clinics, avenues and near the future Metro station. In Phase 1 the development will start the 21-story Tower 100 where you will have opportunities for Pre-sale apartments of 2 and 3 bedrooms. Overview Spacious lobby in each tower Covered parking Central location 2 elevators per tower Ample Social Area with Pool Excellent finishes: ceramic coatings and high quality porcelain. Extensive recreational areas. Height 2.40m Fire sprinklers in kitchens and laundries Electric Generator for common areas Water Reserve Tank Apartment Options: 65 m2 1 Bed - 1.5 Baths 69 m2 1 Bed - 1.5 Baths 73 m2 1 Bed - 1.5 Baths 75.5 m2 1 Bed - 1.5 Baths and Balcony 82 m2 1 Bed and 1 studio - 2 Baths 83.5 m2 1 Bed and 1 studio - 2 Baths 84.5 m2 1 Bed and 1 studio - 2 Baths and balcony Amenities Tower 100 Wide Ballroom Covered Terrace Pool External and internal Bathroom Bohio Open Terrace Amenities Tower 200 Multipurpose sports field Kids Game Room Gym Bar Covered Terrace

Area:: 69-84.5 m²
Beds:: 1
Baths:: 2
Parkings:: -

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Costamare

$ 217,800 - $ 327,600

Costamare is an incredible project located in Costa Sur, a relaxed and tranquil community and also one of the areas of mayor growth in the city of Panama. Designed by the prestigious architech Edward McGrath. It will be constructed in a plot of land of 72,000 square meters where 30,000 square meters will be destined for green areas and recreation. It is really a unique concept in the city of Panama. Costamare consists of 26 buildings with 18 stories each, 4 apartments per floor in the upper levels and 2 garden apartments in the lower level. Apartments of 99 m2 (2 bed - 2 bath); 128 m2 (2 bed-2 bath); 135 m2 (3 bed - 3.5 bath); 156m2 (3 bed- 3 bath- service quarters and bath) Costamare offers in their green areas and recreation the following Amenities: Semi-olympic pool 2 tennis courts walking tracks 1 court for indoor soccer Children playground Fitness center Event room Club house Social area with pool 2 tennis courts BBQ areas Visitor Parking

Area:: 98-159 m²
Beds:: -
Baths:: -
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