Retail unit in Madrid with long-term lease with Media Markt.
Lar Espana has bought a very urban asset, well located and connected, with a maximum solvency tenant which provides a healthy and stable long-term stream to the company. This is a commercial building in Villaverde, Madrid, which was built in 2002 by turnkey project. The building is leased from 2003 to Media Markt store chain consumer electronics retailer in Europe with a long-term contract. The latest reform undertaken was in November 2009.
The commercial building has a gross lettable area (GLA) of approximately 4.391 m2, spread over 2 floors and 114 underground parking spaces.
The property enjoys excellent visibility, presenting street facade Juan José Martínez Seco and Avenida de Andalucía, one of the most important urban roads in the south of Madrid, union with the ring roads M-30, M-40 and M-45, thus leaving the Property located in area in and out of Madrid.
It has excellent public transport, located opposite to the metro “Villaverde Bajo – cruce”, near the transport interchange “Madrid – Villaverde bajo” and bus stops, both urban and intercity.