Differentiating Class A, B, and C Office Space

Office buildings are generally classified into one of three categories: Class A, Class B, or Class C. Standards vary by market, and each category is defined in relation to its counterparts. Building classification allows a user to differentiate buildings and rationalize market data — that said, classification is an art, not a science. While a definitive formula for each class does not exist, the general characteristics are as follows:

Class A

These buildings represent the newest and highest quality buildings in their market. They are generally the best looking buildings with the best construction and possess high-quality building infrastructure. Class A buildings also are well located, have good access, and are professionally managed. As a result of this, they attract the highest quality tenants and also command the highest rents.

An example of a fantastic Class A Building is City View Plaza. Located in Guaynabo, Puerto Rico is a great place for your office.

City View Plaza

Class B

This is the next notch down. Class B buildings are generally a little older but still have good quality management and tenants. Oftentimes, value-added investors target these buildings as investments since well-located Class B buildings can be returned to their Class A glory through renovations such as facade and common area improvements. Class B buildings should generally not be functionally obsolete and should be well maintained.

Class C

The lowest classification of office building and space is Class C. These are older buildings and are located in less desirable areas and are often in need of extensive renovation. Architecturally, these buildings are the least desirable, and building infrastructure and technology is outdated. As a result, Class C buildings have the lowest rental rates, take the longest time to lease, and are often targeted as re-development opportunities.

The above is just a general guideline of building classifications. No formal standard exists for classifying a building. Buildings must be viewed in the context of their sub-market; i.e., a Class A building in one neighborhood may not be a Class A building in another.

Source

Oriental grants $ 2.8 million financing to Evinmotors

Oriental granted a loan of more than $ 2.8 million for the purchase of a commercial property that will be the new facilities of Evinmotors. The loan was under the 504 program of the Small Business Administration together with Marketing Small Business Finance Corp.

Evinmotors is a company dedicated to the distribution and retail sale of recreational products, outboard motors, and related accessories. Among its exclusive brands, it has the distribution of Sea-Doo brands in jet ski; Can-am for four track and motorboats; Evinrude the oldest brand of outboard motors; KTM and Husqvarna motorcycles. Meanwhile, with this new project financed by Oriental, they will have the return of the exclusive Indian Motorcycles brand.

The company has over 20 employees and will be located in San Juan.

“At Oriental, we offer our clients solutions to meet their financial needs and contribute to the economic development of their businesses. We seek to be a strategic partner in the decision making of our clients, provide them with the tools they need, give them the best service and trust in us, “said Osvaldo Aguayo, vice president of Oriental Business Banking.

To know more about the article, visit the following link; Sin Comillas

C&W|PCC Helps Banco de Alimentos Secure a New Home

Following the wrath of Hurricane Maria Puerto Rico’s food bank, Banco de Alimentos, decided that it needed a larger more secure facility to store food for the Island’s neediest.  Cushman & Wakefield|Property Concepts Commercial is proud to have assisted Banco de Alimentos in its search, identification and purchase of a larger and accessible facility to accommodate its needs and future growth.  With the assistance of Unidos for Puerto Rico, Fundacion Angel Ramos and various other charitable organizations this transaction was completed.

Cushman & Wakefield|Property Concepts Commercial Reps Buyer in City View Plaza Acquisition

San Juan, Puerto Rico – Cushman & Wakefield|Property Concepts Commercial advised the buyer in its purchase of City View Plaza, a 347,816 square foot Class A office complex in the heart of San Juan metropolitan area.

“City View Plaza stands in a class by itself in Puerto Rico with the most robust offering for tenants in terms of systems, parking, finishes, amenities, access, location and appeal” C&W|PCC’s Fernando Toro stated.

RECON at Las Vegas

As every year, Cushman & Wakefield | Property Concepts Commercial participates in the ICSC (International Council of Shopping Centers) convention in Las Vegas.

Here are some photos of the RECON main event.

Dave & Buster’s Open Their First Location in Puerto Rico

Cushman & Wakefield|Propety Concepts Commercial is proud to announce that we represent Dave & Buster’s at the opening of their first Puerto Rico location in Plaza del Sol in Bayamón on Monday, January 15, 2018. The restaurant and entertainment center has approximately 40,000 square-feet of arcade games, ultimate sports viewing, food and drink offerings under one roof.

This opening creates more than 280 jobs.

After Maria Hurricane, We’re Ready To Serve You

Hours Of Operation

Cushman & Wakefield|Property Concepts Commercial wishes the safety of all our subscribers and clients following the passing of Hurricane Maria. The team and their families have been reported safe and the office is equipped to resume operations at our regular office hours from 8:30 AM to 6:00 PM. For property inquiries, follow ups, pending negotiations or to solicit our services you may contact us at the following directory:
Fernando Toro | President
Naydamar López | Account Director
Sonia Hernandez | Executive Assistant
Adolfo Fernández | Leasing Director
Alvilda Casellas | Dispositions Director
Andrea Bajandas | Research/Marketing Director

Contact Us

Cushman & Wakefield | Property Concepts Commercial
info@propertyconceptscommercial.com

+1 (787) 977-7373

Cool Streets Cincinnati – Craft Brews Edition

CRAFT BREW: THE RISE OF THE LITTLE GUYS

Craft brewing is not new. Locally or regionally produced beers with a limited distribution have had a following for quite a while. But over the last decade craft brews have experienced a meteoric increase in popularity. According to the Brewers Association, the number of craft breweries in the U.S. has more than tripled over the last 10 years. This explosion of growth has manifested itself in many forms and formats—from small, artisanal beer-tasting rooms to fully functioning large-scale industrial brewing facilities.

Thirsty for more information? Grab a pint and click below to explore the Craft Brewing Revolution with Cushman & Wakefield.

View the Cool Streets: Craft Brews 
Edition Video on Cincinnati — OUT NOW!

Sold! Extremely Centric Office Building

Going strong in sales!

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Added to the recent activity is this 12,659 SF three story, reinforced, concrete building with a small warehouse, a courtyard and 9 parking stalls. There’s a very positive projection for this closing year, and potential buyers are seeing the opportunity in different markets. This property’s highly accessible and centric location in the ever-growing Santurce Ward is just steps away from schools, banks, dense residential areas, and high traffic commercial districts.

If this property is of your interest, here’s a list of similar listings still available:

Multi-Unit Office Building for Sale

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Hato Rey Building in Arterial Avenues

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