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Unit 1 Technology Lane was built in 2006 and incorporated contemporary space with thoughtful design and ease of occupancy. It has been 100% occupied since it opened and typically has a waiting list for office space. The facility features multiple office suites for both small and medium size companies and has acted as an incubator for start ups. There are multiple offices, three meeting spaces, a kitchenette and two full bathrooms with showers. Parking is more than adequate and the private road is directly off Route 16. The signage on Route 16 is very visible and there is further signage available inside the Technology Village. This unit is part of a condominium with Unit 2 and shares about 3600 square feet of common space as well as the exterior grounds and lots. Use of the space could be perfect for a small growing company looking for square footage with the ability to earn some income on the other rents to offset or cover expenses.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $660,000 | $660,000 | $660,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.613% | 6.183% |
Monthly Tax Payment | $1,234 | $1,234 | $1,234 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,747 | $4,172 | $5,569 |
Total Monthly Payment | $5,073 | $5,498 | $6,895 |
* 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.