INDUSTRIAL SPACE w THREE (3) DRIVE-IN DOORS - The premises is Unit 1 of this two-unit Industrial style building, about 1, 740 square feet in size plus an unmeasured mezzanine. You will have three (3) 10X10 drive-in doors that take you into clean ground level space about 58-feet wide by about 30-feet deep that includes office space off to the right accessible by private entrance with an in-unit bathroom. 11R Putnam Street is an Industrial garage type building uniquely situated just off Elm Street in downtown Danvers Square. Its central proximity to Routes 95/1 to the west and Route 128 to the east is complimented by quick access to the Liberty Tree Mall and Route 114. The tenant in Unit 1 takes care of the water bill and snow plowing as part of their NNN lease. Visit our website for full zoning description and link to bylaws and schedule of uses. Three (3) 10X10 drive-in bays plus office and in-unit bathroom for $3, 190 per month on a NNN basis.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $2,552 | $2,552 | $2,552 |
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 | $0 | $0 | $0 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $17 | $17 | $22 |
Total Monthly Payment | $92 | $92 | $97 |
* 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.