The property is located in the heart of the downtown business district of Willimantic. The building recently renovated in 2022 has created an above grade versatile facility. This offer includes the (Lower Level 9834 SF) and (1st FLR 11120 SF) 20958 SF. The (Lower Level) space includes a secure private entrance from Riverside Drive with a reception area and office, 5 versatile offices, conference room, Recreational fitness auditorium with 8 offices, elevator access, ADA accessible, security system, private gender restrooms, Central air conditioning climate control and plenty of Public parking. The 1st FLR 10693 FS with the most recent renovations offers 3 separate use specific areas to accommodate multiple programs or services all at one location. Area 1- 16 office layout, lounge area and kitchen. Area 2 - Administrative offices and meeting rooms and Area 3- Reception and easy access service area (See Floor plan and photos). Ideal for Corporate training and education, Behavioral services, Medical services, Doctors office or other specialty services. The offering is a 1-5-year base net lease at $12. 00 per SF (Below Market). Utilities and CAM charges negotiable. Note each floor has separate heat, A/C and electric zones. Satisfactory Credit check required, 1st payment, security and last payment due a signing.
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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 | $10 | $10 | $10 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $75 | $75 | $75 |
* 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.