Versatile Industrial Flex Condo in Newburyport – 1, 397 sq ft ---This 1, 397 square foot industrial flex condominium in Newburyport is the ideal blend of Class B office and open warehouse space. ------ Recently renovated in 2023, the property offers a modernized layout with potential for expansion by adding a second floor. ---------Key Features: ---Office Space: ------- Open layout with a kitchen/break room and restroom, perfect for a collaborative work environment. -------- Warehouse/Shop Floor: Features 3-phase power, 16-18' ceilings, a grade-level loading door, and a wet sprinkler system. --------- Location: Situated in a bustling industrial park near I-95 and I-495, with easy access to downtown Newburyport’s shops, dining, and amenities. -------- Ideal for businesses looking for a strategic location and a versatile workspace, this property is a sought-after option in today’s market. --------------------NNN Lease Available
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William Raveis Real Estate
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VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 617.281.4872
Kate.Rockett@raveis.com
NMLS Mortgage Loan Originator ID 1500191
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $1 | $1 | $1 |
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 | $190 | $190 | $190 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $0 | $0 | $0 |
Total Monthly Payment | $265 | $265 | $265 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.