JA Properties LLC pays $1,000,000 for Candelaria, Toa Baja property
JA Properties LLC bought the property at Carretera 2 Km 19.7, Candelaria, Toa Baja, 00949 for $1,000,000, under a sale deed recorded on October 30, 2026.
The price is 250.9% above the $285,000 paid when the property last sold, in a deed recorded on February 5, 2018. The land covers 22,788 m2 / 245,284 sq ft, so the new price comes to $43.88 per square metre, against $12.51 at the 2018 sale.
From foreclosure to resale
The property passed through a foreclosure before its 2018 sale. A bank filed a foreclosure lawsuit over it on September 2, 2014, and a judicial sale in a mortgage foreclosure for $200,000 followed on December 13, 2016.
The 2018 sale was signed on January 5, 2018, the same day as a $200,000 mortgage on the property. The new deed is the first sale recorded in the eight years since.
Zoning and a filed project
The property is split between two zoning districts: 52% lies in C-R, a resource conservation district, and 48% in I-L, light industry, which allows workshops, warehouses, low-impact processing and light vehicle repair. The Puerto Rico Land Use Plan classes the same shares as specially protected rural land of ecological value and urban land.
Before the sale, an environmental recommendation was filed on March 23, 2026 for a project named Centro de Compactación de Neumáticos Desechados, and that filing is incomplete. A second filing under the same case dated April 28, 2026, is marked approved. The project is described as filed:
Facility for the handling, compaction, transport and export of scrap tires. The services consist mainly of receiving from various locations and storage sites across the island, with an emphasis on the northern and central area, to subsequently be compacted and processed. The estimated processing capacity is 3,500 tires per day, equivalent to 70,000 pounds per day of compacted scrap tires.
