Regional Car Rental Corporation pays $1.5M for Carolina building
Regional Car Rental Corporation has bought an industrial building at Sabana Abajo, Carolina, 00983 for $1,500,000, in a sale deed recorded on November 10, 2026. It is the property's first sale since December 5, 2014.
In that 2014 sale, a bank sold the property to a company for $875,000, so the new price is 71.4% higher. Spread over the building's 3,058 square meters (32,919 sq ft), the price comes to $490 per square meter, against $286 in 2014.
The building stands on a lot of 3,201 square meters (34,458 sq ft) in a light-industrial zoning district (I-1). The property-tax roll assesses it at $234,290, of which $214,580 is the structure. An approved use permit for the building, dated October 16, 2015, covers the sale, installation and storage of tires and auto accessories, and vehicle inspections.
A neighbouring property at 21328 Avenida Iturregui, with a building of 3,153 square meters, last sold on September 21, 2018 for $800,000, or $254 per square meter.
The buyer's earlier deals in Carolina
The company has bought in this part of Sabana Abajo before. On May 30, 2017 it bought a property on Calle B, 157 meters from this one, for $300,000, and sold it on September 10, 2018 for $800,000.
Its most recent purchase before this one closed on December 7, 2022: a property in Cangrejo Arriba, Carolina, for $515,000.
