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Presented by![]() Michael Hall |
FULLY LEASED!! LUXURIOUS WATERFRONT OFFICE BUILDING. This desirable location features 400 feet frontage on busy US-41 in North Tampa. Perfect for a 1031 exchange. The building contains 5 waterfront tenant suites, each under 2, 000 s. f. with separate utilities, street addresses and drive-up private entries. Silver oak porcelain tile and Benjamin Moore finishes create a notable welcome to all entry lobbies. Solid core interior doors with premium hardware throughout. The interior environment is controlled by programmable thermostat HVAC systems within a heavily insulated Icynene spray foam enclosed attic which keeps utility costs low. The Magnolia Center is a unique 4 building (all lakefront) park-like executive office center. The buildings feature timeless Southern architecture including premium designer shingles, hand-cast concrete Corinthian columns, herringbone brick walkways and abundant parking. Frontier (high-speed fiber optic internet), Spectrum and Level 3 Communications are also on site. Replacement costs for this high-quality attractive property certainly exceed the asking price! Conveniently located to I-275, Carrollwood, University of South Florida, Moffit Cancer Center, New Tampa, and the explosive growth of Pasco County (Lutz, Land O'Lakes, Wesley Chapel). This incredible location is all within a short distance (walk) to Avila, Publix and a new Starbucks! NO SIGN, DO NOT CONTACT TENANTS.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$2,590,000
Sales Associate
William Raveis Real Estate
Phone: 508.945.9738
Michael.Hall@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 508.740.5922
Frank.Merola@raveis.com
NMLS Mortgage Loan Originator ID 1020051
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,072,000 | $2,072,000 | $2,072,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 6.375% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.811% | 6.475% | 6.309% |
Monthly Tax Payment | $2,131 | $2,131 | $2,131 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,423 | $12,927 | $17,625 |
Total Monthly Payment | $14,679 | $15,183 | $19,881 |
* 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.