Santa Leonor (Madrid)

Vacant office building in Madrid sub-market

In June 2015 ASG made an all cash, off-market acquisition where speed was essential. This is a vacant office building constructed in 2005 in a decent Madrid sub-market. Originally sold in a sale & leaseback to a family office, ASG acquired the building below replacement cost and plans a proactive lease-up strategy re-stabilize the building with one or several tenants.

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