Panama Commercial Properties

Costa Del Este Financial Park

 Costa Del Este Fianancial Park is located in Costa del Este, along the Corredor Sur.
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Costa del Este Financial Park is a 45 story Class A office building with 3 levels of underground parking. The total area is 54,600 m2 or 586,950 s.f. The project is scheduled for completion 4th quarter 2011.

Choose a Purchase Option That Best Fits You

Whole Floor

1,400 m2 (15,050 ft2) starting at $3,120,000 ($2,228/m2 or $207/ft2)

Half Floor

810m2 (8,708ft2) and 590 m2 (6,343ft2) starting at $1,366,000 ($2,315/m2 or $215/ft2)

Third of a Floor

810m2 (8,708 ft2) and 295 m2 (3,171 ft2) starting at $ 704,000 ($2,386/m2 or $222/ft2)

Individual Suites

91m2 (978 ft2) to 330 m2 (3,558 ft2) starting at $ 222,7000 ($2,447/m2 or $228/ft2)

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Project Amenities

There will be 12 "intelligent" high-speed elevators, Floor-to-ceiling windows; efficient energy saving glass. The project is being built under international quality and security standards. The new Costa del Este business district offers the only alternative from the congested banking district in the city.

Nearby Amenities: Costa Del Este is next to the Corredor Sur, 10 minutes from the center of Panama City and 15 minutes from Tocumen International Airport. It is the most modern, convenient, navigable section of Panama City with a variety of excellent residential options to choose from, as well as restaurants, groceries, cafes and retail shops.

Additional Details

Payment Plans: 10% at contract signing, 10% 6 months later (or when construction begins), 10% 6 months after the second payment; 70% at completion

Financing: 50-70% of purchase price available at a 8-10% rate over 7-10 years

Property Taxes: Building carries 20yr property tax exemption

Maintenance Fees: $1.50/m2 /month ($0.14/ft2), which is typically paid by tenants

Prental Pro Forma: For a $3,200,000 floor (1,400m2 (ft2): Expected monthly rental income upon completion is $32,000;

Expected Monthly Carrying Cost:

  • Mortgage: $ 27,177.38 (70% Loan to Value, 8% interest rate, 10 year term)
  • Maintenance: 0
  • Taxes: 0
  • Total:$ 27,177.38

Expected Monthly Cash Flow: Expected monthly cash flow: $4,822.62;

Key Dates: Key Dates: Broke ground and completion expected by 4th quarter of 2011

Commercial Properties

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