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Unlock the potential of this premium commercial building in a high-demand location. Spanning over 30, 000 square feet and benefiting from an impressive daily traffic count of 63, 841 this property offers maximum visibility and unmatched investment potential. Situated adjacent to a bustling shopping plaza featuring The Fresh Market, Barnes and Noble, Petco, and Hand & Stone, this building benefits from consistent foot traffic and strong local demand. This two-story building features recent upgrades, including a brand-new roof installed in 2024 and four updated bathrooms, enhancing its long-term durability and convenience. The first floor offers 14 doors with over 50 individual offices, with multiple tenants on yearly leases, generating steady income. The expansive second floor consists of 21 offices, four conference rooms, a party room, a kitchen, and two reception desks, currently owner-occupied but ideal for an executive suite setup. With 103 dedicated parking spaces, additional shared access parking, and an elevator this property ensures convenience for tenants and clients. The current yearly lease structure provides flexibility, allowing a new owner to extend tenant agreements or transition to vacant possession depending on their investment strategy. This building presents a unique chance for buyers to dramatically maximize its rental potential while also seizing a rare opportunity to acquire a spacious, well-located office property with endless possibilities for office suites, co-working spaces, or a corporate headquarters. Don’t miss out—contact us today for a private tour and secure your place in this thriving commercial hub.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,200,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $6,560,000 | $6,560,000 | $6,560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.375% | 6.625% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.109% | 6.764% | 6.581% |
Monthly Tax Payment | $4,449 | $4,449 | $4,449 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $40,926 | $42,004 | $56,695 |
Total Monthly Payment | $45,500 | $46,578 | $61,269 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.