Highgrove Business Park $14,600,000

1 of 3
Highgrove Business Park
back to listings
  • Price: $14,600,000
  • Type: Offices / Mixed Use
  • Built: 2008
  • Sqft: 40,000
  • View: Inland
  • MLS: 410178

Welcome to Highgrove Business Park

Rare opportunity! List price touts 7% ROI! All units leased!
Located in the industrial part of George Town, just behind CUC, Highgrove
Business Park is Cayman’s newest and most intelligently built business park. It
offers extremely strong hurricane resistant office space, climate-controlled
storage, warehousing and disaster recovery suites. The pour and tilt system of
solid concrete and steel construction is high and dry at 9’ above sea level and
has 7” thick poured concrete walls. This efficient and effective building
system exceeds the Miami Dade hurricane code and is built to withstand wind
speeds of up to 155 miles per hour. Highgrove Business Park offers tailor-made
floor plans from 10 to 40,000 sq. ft. suites plus 5,000 sq. ft. of new elevated
air-conditioned and regular storage from 200 to 400 sq. ft. that are 22 ft.
above sea level. Other features include its easy accessibility, ample parking,
stand-by power, 24-hour security cameras, monitored controlled access,
industrial elevators, in-ground gas supply and more. The site also has the
capacity to add an additional building which could bring in an additional
25-35% occupancy. Property also has solar panels on the roof, which is a
revenue generator with CUC credits. True opportunity that offers future
potential for uptake from additional building, market conditions and increased
rents over time. Property is sold with
part of the site (2.33 acres) is under a 999 year peppercorn lease, as indicated by the
attached yellow line separating the parcel.

Your Agent

James Bovell

James Bovell

Broker/Owner

+1 345 945 4000


Video


More images


On the map