Carolina industrial building sells for $1,100,000, under its ask
The industrial building at Urbanización Metropolitan Industrial Park, 530 Calle Bazar, Canovanillas, Carolina, 00987 sold to a company for $1,100,000 in a sale deed recorded on October 30, 2026. The price is $200,000, or 15.4%, below the $1,300,000 asking price of the property's ad, first posted on December 12, 2025.
The building has 1,115 square meters (12,000 square feet) of floor space on lot 14 of the industrial park, a lot of 2,152 square meters. The price works out to about $511 per square meter of land and about $987 per square meter of building.
Another purchase in the same park
A company with nearly the same name as the buyer is already on a deed in the park. On March 10, 2026, it bought the industrial property at number 5 on Calle Marginal, also in Metropolitan Industrial Park, for $2,600,000, on a lot of 5,207 square meters: about $499 per square meter.
A third sale in the park this year landed at the same level. The industrial property at 7 Calle Lester sold for $1,300,000 on May 12, 2026, on a lot of 2,541 square meters, about $512 per square meter. Across the three deeds, the prices came to $499 to $512 per square meter of lot.
A distribution center with its permits in place
The building is permitted as a wholesale distribution center. A single permit for a wholesale distribution products center was filed on April 4, 2025 and is recorded as approved; a single permit bundles the use permit, environmental compliance, fire prevention certification, sanitary license and other approvals a business needs to operate.
A permit to install a 40 kW electricity generator for the building was filed on June 17, 2024, also recorded as approved. A month before the sale, on September 29, 2026, a deed cancelling a mortgage on the property was recorded.
