Airport Congonhas National Airport, Guarulhos International Airport, Viracopos/Campinas International Airport
Total Cargo (millions of U.S. tons) N/A
Seaport Port of Santos
TEU Volume - 2017 (millions) 3.85
Major Highways Rodovia Anhangüera
Rodovia Castelo Branco
Rodovia dos Bandeirantes
Rodovia Presidente Dutra / Régis Bittencourt
Rodovia Raposo Tavares
Number of Intermodal Rail Hubs 1
Number of Class I Rail Lines 2
What is the term of a typical lease? 3-5 years
How is the rent quoted? Net monthly
What is the tenant's option for termination or break? Typically, the tenant has the right to terminate the lease with 3 months’ notice.
Does the tenant have the option to renew? What is the length of the typical option? Tenant has the right to renew for an equal term, typically 5 years.
How is the rent determined at renewal? Rents are determined according to current market rates for similar properties inserted in the same region.
What is the typical rent-free period, if any? 2-6 months
What is the typical rent escalation? Ranges from 4% to 6%, annually.
Does the tenant have the right to sublet? Typically to a related/subsidiary company.
Otherwise, sublets require the landlord’s written approval.
What is the average rent for a warehouse greater than 50K sq. ft.? Depends on location and quality of the warehouse
What is the average rent for a manufacturing facility greater than 50K sq. ft.? Depends on location and quality of the warehouse
Is there a rent review during the lease? Yes
What are the average service charges (OPEX)? Benchmark for Stand Alone Properties will range from R$ 5 to R$ 10 per sq. m. and for Industrial Parks from R$ 2 to R$ 8 per sq. m.
Who is responsible for the service charges? Tenant
What are the average taxes paid on the lease? IPTU and Foro tax
Who is responsible for the property taxes? Tenant
Who is responsible for the utilities? Tenant
Who is responsible for the fit-out costs, if any? Tenant
What is the typical security deposit? 3 months’ rent
How is car/truck parking paid? Usually included in rent
Any other occupancy costs? Building insurance
What is the typical land tenure? Once a property is acquired, tenant (buyer) has full ownership.
What is the terminology of the purchase agreement? Compromisso de Compra e Venda "CCV"
What is the average cost? Depends on location and quality of the warehouse
What is the agency fee and who pays? 3%-6% paid by seller
What is the typical LTV? 70% - 80%
What is the average borrowing rate? 7% - 10%
What is the mode of payment? Down payment of average 10% - 20% of the agreed value is paid in cash (bank transfer) when SPA signed and remainder 30 to 180 days later.
What are the average transaction (closing) costs? Transfer taxes, depending on the municipality, from 2% to 5% of the transacted value. Notary costs will vary depending on location.
What is the average clear ceiling height? 8-12 meters
Average number of dock doors? 40-140
Typical column spacing? 22 x 25 meters
Average parking ratio? 10 - 50 per sq. m.
Sprinkler system? According to local state firefighters’ legislation.
What is the typical power supply? 30 KVA per each 600-sq. m area, depending on property location.