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New first-class retail or professional office space to be built at one of the primary routes into Amesbury. Situated at the intersection of MA Route 110 and MA Route 150, the traffic, demographics & exposure are phenomenal. Busy retail artery benefits from the new Maples Crossing sports, office & entertainment complex, The Heights Amesbury apartment complex, and more housing proposed nearby. The retail/ office space will be on the ground floor of this new mixed-use building, and can be demised into two 1, 000sf spaces or one 2, 000sf space. The spaces will lease for $3, 000/ month for each space (1, 000sf +-), or $5, 800/ month for both spaces (2, 000sf +/-), NNN. Ample on-site parking is available. All information was obtained from the property owner and public records, prospective tenants are encouraged to perform due diligence regarding suitability for their purpose. The estimated completion of this project is Q4 2023. Five-year lease minimum. Tenant improvement allowance is negotiable.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $2,400 | $2,400 | $2,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.875% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.058% | 7.025% | 6.132% |
Monthly Tax Payment | $936 | $936 | $936 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $15 | $16 | $20 |
Total Monthly Payment | $1,026 | $1,027 | $1,031 |
* 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.