$1,575,000
DESCRIPTION WHOLESALE SHOWROOM OFFERING ADJOINING SAN PEDRO WHOLESALE MART!!! This Prime location is situated in the world famous Fashion Alley of the Los Angeles Fashion District. This 1,510 square foot Showroom and garment wholesale location boasts newly remodeled renovations including a high profile glass façade, wood flooring, high ceilings, and a stone facade. The high density of surrounding retailers creates what is commonly known as efficient congestion. The walking outdoor corridor access makes this an attractive location for any retailer/wholesaler. Fashion Alley caters toward the women s wear target market. As the creative center of the fashion industry, the Los Angeles Fashion District is a top destination for wholesale buyers, retail shoppers, designers, fashion students and Hollywood stylists. Over one and a half million people from all around the world visit the District annually. And with the addition of residents, the Fashion District is now positioned to become a 24 hour destination. The District is alive with creative energy that is infused in the workers, residents, shoppers, businesses and visitors who all converge here; making the LA Fashion District downtown s most vibrant neighborhood. In the Fashion District you will encounter product grouping stores and products (women s wear, men s wear, kid s wear, etc.) are grouped together in close proximity. The subject location is situated next to the Wholesale Marts district notably the famous San Pedro Wholesale Mart. This Suite is an ideal location of any owner user or real estate investor. An owner occupant could acquire this facility with financing up to 90% LTV by means of the Small Business Administration. Opportunities like this rarely come available in the San Pedro Wholesale Mart! PROPERTY SPECIFICS Property Type: Showroom/Wholesale Square Footage: 1,510 Sq Ft Approximately Year Build: 2010 Ownership: Condominium Monthly Dues: $750.00 Suite: Inline APN 5132-011-249 Stories: 2 Security Gate: Yes Zoning: LAM2
FOR SALE $1,975,000 732 EAST 10TH ST STE 104 LOS ANGELES, CA PICTURES
FOR SALE $1,975,000 732 EAST 10TH ST STE 104 LOS ANGELES, CA MAPS SUBJECT
LOAN SCENARIOS SBA 504 (Estimated Terms) SBA 7A (Estimated Terms) Conventional (Estimated Terms) Project Cost $1,975,000 $1,975,000 $1,975,000 Down Payment $197,500 10% $197,500 10% $493,750 25% Bank First Loan Loan Request $987,500 50% Loan + Fees $1,011,325 51% Annual Interest Rate 4.200% Rate Fixed, Years 5 Amortization, Years 20 Loan Term, Years 10 Monthly Payment $6,235.53 Pre-Payment Penalty 5:4:3:2:1 SBA Second Loan Bank First Loan Bank First Loan Loan Request $790,000 40% $1,777,500 90% $1,481,250 75% Loan + Fees $853,595 43% $1,837,270 93% $1,498,656 Annual Interest Rate 4.830% 5.150% 4.50% Rate Fixed, Years 20 25 10 Amortization, Years 20 25 30 Loan Term, Years 20 25 10 Monthly Payment $5,553.50 $10,901.67 $7,593.47 Pre-Payment Penalty 10 Year Step Down 5:3:1 5:4:3:2:1 or Modified Yield Maint Total Loan Payments Monthly Payment $11,789.03 $10,901.67 $7,593.47 Yearly Payment $141,468.36 $130,820.08 $91,121.65 Estimated Fees SBA Guarantee Fee $63,595.00 $49,770.00 $0.00 Bank Loan Fee $9,875.00 1.00% $0.00 0.00% $7,406.25 0.50% Bank Bridge Fee $3,950.00 0.50% $0.00 0.00% $0.00 Broker Fee $17,775.00 1.00% $17,775.00 1.00% $14,812.50 1.00% Appraisal $3,500.00 $3,500.00 $3,500.00 Environmental $2,500.00 $2,500.00 $2,500.00 Title and Escrow $3,500.00 $3,500.00 $3,500.00 Miscellaneous $500.00 $500.00 $500.00 Total Estimated Fees $105,195.00 $77,545.00 $32,218.75 Out of Pocket $17,775.00 $17,775.00 $32,218.75