Auction Property. ********* AUCTION! Open to the public. List price is the Opening Bid**** Auction held LIVE ONSITE at the property SAT Nov 16th at 10am. Sold free and clear of all liens. SELLER FINANCING AVAILABLE. Light Industrial Opportunity. One (1) Free Standing Warehouse on this parcel and an additional two (2) next door are also available at the Auction. This building is occupied by a single tenant at an annual rent of $148, 000. One (1) year remains on the lease with the tenant having options to exercise if they choose. Nicely laid out offices and conference room totaling 12, 000 SF, of which 10, 300 is warehouse. Two (2) electric meters four roll-up doors, and one loading will make for easy access. ***********************The parcel adjacent consists of two (2) similar buildings that are or will be vacant at closing. Building 1 is 4, 640 total with 2, 560 being warehouse. Building 2 is 10, 000 SF total with 8, 800 being warehouse. Both have multiple electric meters, roll up doors and offices. A truly rare opportunity to own these assets.
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William Raveis Mortgage, LLC
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Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
Monthly Tax Payment | $435 | $435 | $435 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,868 | $3,722 | $4,723 |
Total Monthly Payment | $4,395 | $4,249 | $5,250 |
* 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.