Palo Seco warehouse complex for lease asks $12.00 a sq ft a year
A warehouse complex of 150,000 sq ft on PR-870 in Palo Seco, Toa Baja is advertised for lease in spaces from 3,500 to 65,000 sq ft, starting at $12.00 per square foot a year, net. The same complex is also offered for sale.
The current advertisements date from August 20, 2026. Several copies of the lease advertisement give its price as $1,800,000, which is what the full 150,000 sq ft comes to in a year at the starting rate of $12.00; the RED Atlas listing shows the monthly figure, $150,000.
For sale, the listing firm's own site asks $12,800,000 and says the property can be divided into two lots, with the metal-roof side offered at $5,800,000. Copies of the sale advertisement on other brokers' sites, posted from September 15, 2026, ask $8,900,000.
The buildings and the land
As advertised, the complex dates from 1960, has ceilings up to 28 ft, loading docks and over 140 parking spaces, and stands on a lot of 8 cuerdas zoned I-L, a light industry district, in flood zone AE. The property was advertised before, from October 2022 to February 2023 and again from March 2024 to October 2025. The 2024 advertisement described two industrial buildings of 72,606 and 80,000 sq ft, formerly used for warehousing, distribution and production, on a lot of 7.9799 cuerdas.
The property's permit file runs from 2000 to 2008 for warehouse, distribution and office uses, including a 2003 construction permit to expand the warehouse. The newest filing is a single permit for an administrative office, filed on October 27, 2026 and under inspection. No sale of the property has been recorded.
Other industrial space in Toa Baja
A 15,000 sq ft warehouse at Carretera 2 Km 17.0 asks $13,500, down from $16,500; the advertisement does not say over what period. In Candelaria, a 25,000 sq ft industrial building on a lot of 2 cuerdas is offered for sale at $3,000,000 or for rent at $7 per square foot, with no period stated.