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PEZA Accredited Affordable Office Space for Lease in Makati
For Lease
Office · Ayala Avenue, Salcedo Village, Bel-Air, District I, Makati, Southern Manila District

PEZA Accredited Affordable Office Space for Lease in Makati

₱368,793/mo₱900/sqm/mo
409.77 sqm
Floor Area
2
Parking

About this property

A 409.77 sqm Grade A office for lease in Salcedo Village on Ayala Avenue, handed over semi-fitted with carpeted floors, an open work area and meeting rooms already built. The building operates 24/7 with full emergency backup power, multiple telco providers and PEZA accreditation. Two parking slots are included. The combination of a fitted handover and PEZA status makes this a straightforward move for an outsourcing team that needs to start operating quickly and qualifies for locator incentives. Monthly rent is ₱368,793, or roughly ₱900 per square meter.

Highlights

    Investment Analysis

    Investment Calculator

    Cap Rate
    5.70%
    Cash-on-Cash
    -4.42%
    Net Operating Income
    ₱3,153,180/yr
    Monthly Loan Payment
    ₱323,897
    Annual Cash Flow
    ₱-733,583/yr
    Down Payment
    ₱16,595,685
    Principal Paid (yr 1)
    ₱788,902/yr
    All-Cash Yield
    5.70%
    Total year-1 return (cash flow + principal repaid)
    ₱55,319/yr (0.33% on cash in)
    Why the cash flow is negative

    The property yields 5.70% but the loan costs 8%. Borrowing above the yield pulls cash flow down, which is normal for prime assets bought for location and long-term value rather than immediate income. Raise the down payment, lengthen the term, negotiate the price, or achieve a higher rent to close the gap. A cash purchase returns the full 5.70%.

    Estimates only — for illustration, not financial advice. Adjust the inputs to model your own scenario.

    Location

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