Half Moon Bay Office Building

Transcription

1 700 SALE PRICE > $2,800,000 LEASE PRICE > $2.50 PSF NNN Building Highlights > ±5,800 Square Foot Class A Office Building > Private Offices, a Conference Room & Kitchen > ±27,000 Square Foot Lot > ADA Compliant > Modern Plug & Play Space > Large Private Parking Lot > High-End Furnishings Included > Walking Distance to Downtown Amenities > Green Office Building with Solar Panels > A Very Walkable Walk Score of 71 > Abundant Natural Light > Less than 1 Mile to Half Moon Bay State Beach > ±10-15 Ceiling Height with Sky Lights > Zoned C-R: Medical, Office, School > New LED Lighting Throughout > SBA Loan Approved & Seller Financing Available EO MAT N A S ILES 13 M TO BEACH < 1 MILE Walk Score 71

2 > Modern Plug & Play Office FLOOR PLAN > ±5,800 SF Building on a ±27,000 SF Lot > Green Office Building > Commercial Solar Panels > Double Pane Windows > ±10-15 Clear Height > ADA Compliant > Large Private Parking Lot > Available for Sale or Lease > SBA Loan Approved

3 > Class A Office Building > Abundant Natural Light > Plenty of Windows & Sky Lights > Fully Furnished Space > High-End Furnishings Included > Large Conference Room > Private Offices & Workstations > Home-Style Kitchen > New LED Lighting Throughout

4 SBA 504 OWNER-USER LOAN > 90% Financing Purchase Price $483 psf $ 2,800,000 Tenant Improvements $0 psf 0 SBA Fees (2.15% financed by CDC, inc. in loan amt.)** 25,000 SBA Legal Fee 2,000 Bank Loan Fee 1.00% of Bank Loan 14,000 Estimated appraisal, environmental report, escrow & title 7,000 Project Cost $ 2,848,000 Down Payment 10% of Purchase Price $ 280,000 Bank Loan Fee & Closing Costs 23,000 Total Borrower Costs $ 303,000 Bank Loan* 1,400,000 SBA 504 Loan** 1,145,000 $ 2,848,000 Monthly Costs Year 1 Bank (Principal & Interest) $ 8,389 SBA (Principal & Interest) 7,343 Property Taxes 1.125% of FMV 2,625 Insurance 292 Total Monthly Payment $ 18,649 Before Tax Cost of Ownership $ 3.22 psf for entire bldg. Monthly Ownership Benefits Year 1 Interest Deduction (40% Tax Bracket)*** (4,181) Depreciation (40% Tax Bracket)*** (1,556) Total Adjusted Monthly Costs $ 12,912 After Tax Cost of Ownership**** $ 2.23 psf for entire bldg. 90% SBA Financing Financing Package Loan Size Term Rate Type Bank Loan $1,400, Yr Amort, 20 Yr Term 5.25% Fixed for 20 SBA 504 Loan $1,145, Years 4.66% Fixed for 20 * Bank Loan has a pre-payment penalty for the first ten years. ** SBA 504 Loan has a pre-payment penalty for the first ten years. *** This analysis assumes that the buyer is in a 40% annual income tax bracket. **** Please consult your accountant and real estate professional regarding your actual after-tax benefits.

5 700 AMENITIES FOOD & DRINKS SAN FRANCISCO 29 MILES O TE MA LES N I SA 3 M 1 Half Moon Bay HMB STATE BEACH TO BEACH < 1 MILE ARK North Indian Grill Barterra Winery Moonside Bakery & Cafe Main Street Grill Nano s Yogurt Shack Cafe Capistrano Spanishtown Mexican Spice Me Thai Half Moon Bay Bakery It s Italia Sushi Main Street Chez Shea San Benito House Fish n Frites Pasta Moon Romesco Bistro & Tapas Sacrilege Brewery + Kitchen Mercado Restaurant Dad s Luncheonette Taqueria Tres Amigos Taqueria La Mexicana Half Moon Bay Coffee Seville Tapas Old Princeton Landing Jersey Joe s Coastside Peet s Coffee Dunkin Donuts Burger King Round Table Pizza Starbucks Cafe Society Subway McDonald s Taco Bell Raman s Coffee & Chai Joe s Mullins Bar & Grill Navio The Ocean Terrace Cameron s Pub VIA UNO Cucina Italiana & Bar The Barn Miramar Beach Hop Dogma Brewing Co. Sam s Chowder House India Beach Caffé Mezzaluna Spicoli Pizza Half Moon Bay Brewing Co. Barbara s Fishtrap Mezzaluna Italian Restaurant MARKETS Safeway New Leaf Community Markets Half Moon Bay Fish Market Harbor Village Cunha s Country Store Andreotti Family Farm Orlando s Placita Market Mercado Mi Familia El Granada General Store Spangler s Market