NEW LEASE RATE STRUCTURE 5 Buildings (1, 2, 4, 5, 6, 7) with sizes from 1725sf, 1875sf and 2250sf ranging in price from $13/sf/yr base rent to $18/sf/yr base rent - Contact broker by email. This listing is only 1 of the buildings. Welcome to Timber Ridge Commons, a newly constructed multi-building retail/office development located in the path of new development. With its prime location and high volume of daily traffic, your business will be highly visible and accessible with multiple points of ingress and egress. Units range from 1, 725sf to 11, 400sf. The Base Rent price is AS IS - as currently configured as a raw unfinished shell of a building with concrete floors, 2 hour fire demising wall between each unit and a room suitable to become a single bathroom in the rear. Units have a potable water line supply, an empty electrical line conduit from exterior meter raceway, an empty low voltage conduit, and a sewer line stub all located at the back wall of each suite. Certain units also have a Grease Trap with 1250 Gallon interceptor. Landlord provides a Tenant Improvement Allowance which is negotiated based on tenant's Use, Term and Credit. Tenant provided a free period to perform the buildout. Landlord will not amortized buildout into the rent or perform buildout. Pylon sign placement is also available. 4. 15/1000sf parking is first come, first served. NNN Rent price is estimated at $4. 75/sf/yr.
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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 | $27,000 | $27,000 | $27,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.875% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.616% | 7.055% | 6.256% |
Monthly Tax Payment | $1,316 | $1,316 | $1,316 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $182 | $177 | $228 |
Total Monthly Payment | $1,573 | $1,568 | $1,619 |
* 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.