The Sea Tower building is located in a very desirable location in downtown Tamarindo across from the newly renovated skate park and Saturday market.

It has Super Compro as a solid anchor with another 4 years on the lease. The building was built in 2005. It encompasses an estimated 18,300sf (1700sm) and is 100% leased.

Super Compro occupies the basement and first floor. The second and third floors are newly leased to a Hostel undergoing a complete remodeling of the interior space.

The fourth floor and terrace with an incredible view of the Tamarindo bay is occupied by The Roof restaurant. The Roof’s 10-year lease was artificially low due to their building the terrace. It is due for renewal in one year and has the potential for a significant rent increase.

There are two small kiosks at the front of the building rented out for additional income. Below are the current rent rates and lease renewal dates.

Each lease has a 3% to 5% rate increase each year of the contract.

There is also an incredible manager who has been managing the building for over 10 years and knows every detail.

She could be available for hire for a seamless transition.

A new wastewater treatment plant has been installed with the cleaned waste water being discharged to irrigate the skate park across the street. Partial owner financing is potentially available as well.