This 2, 020 SF office condominium is located in the Lutz Landing Office Park, a quiet tree lined professional medical park located just off of US 41 N. The building has a premium location, sitting just beyond the entrance to the park, with great visibility and ample parking access with a nice view to the adjacent pond. The building was originally set up as two spaces with two independent entrances yet currently is occupied entirely by the seller. The main entryway opens to a comfortable waiting room which accommodates 5-6 people and a second door opens into the secondary space which also has a reception area for 3-4 people. Each side has access to 3-4 offices / exam rooms, as well as one restroom each.
The seller is offering Seller Financing (20% down payment) and will lease back half of their building for 3 years. This is a perfect opportunity to open your business and receive some rental income while you await potential expansion into the space. Financing and rental details will be negotiated with the contract.
Traffic count of 45, 000 VPD on US 41
Condominium Association fees currently total $5, 000 annually ($1, 000 per quarter fee for operating expenses and a $1, 000 annual capital reserve fee) and covers water, septic, building insurance, roof maintenance and replacement, all exterior maintenance, landscaping, outdoor lighting, and parking lot maintenance. Includes part ownership in common area.
Located just off N. Nebraska Avenue (41) and close to the 41 / I-275 apex, offering easy access to surrounding areas.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
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 | $383,200 | $383,200 | $383,200 |
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 | $433 | $433 | $433 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,582 | $2,547 | $3,232 |
Total Monthly Payment | $3,090 | $3,055 | $3,740 |
* 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.