TO BE CLEAR, this listing is for a ground lease of $8, 900/mo. Site also listed for sale listing # 181189. Please note: Before the new PUD address, this site was know as 840 SR 16. Owners looking for a long term vacant land (ground) lease. Will strongly consider a Build to Suit (BTS) agreement. The BTS would need to be a corporate owned Nationally recognized organization subject to the owners approval. This is by far the best of the last remaining smaller sites on SR 16. Looking for the owners to help out in a BTS situation? Well they already have. This site is virtually pad ready and the owners will even put in the pad if the deal makes sense. This Master Planned Site already has the following site upgrades: Median turn lane, decel lane, lighted landscaped driveway, retention pond (placed on neighbors property to the N. ) lift station, sanitary and storm sewer lines, fire hydrant, concurrency for a 3 lane drive-thru, entitlements for a 6, 000 ft bldg which can be upgraded to 8, 000. The upgrade to 8, 000 is done internally as a minor modification and does not require a county commission vote. It is fair to say there is approx $1M in site upgrades already completed. This $1M includes engineering, county tap, concurrency as well as county and state permitting fees. Since the retention pond is purposely located offsite to the N. it makes this site 100% buildable with no wetlands but in need of some fill. The following reports/documents available upon request. Geotech borings analysis, survey, phase 1 environmental, recorded minor modification to PUD. master planning details and drawings.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $7,120 | $7,120 | $7,120 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.563% | 7.159% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $47 | $47 | $60 |
Total Monthly Payment | $122 | $122 | $135 |
* 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.