Beautiful commercial retail light industrial built in 2006. Ideal location for commuters, 2 miles to Seabrook exit 1 Rt. 95, and easy access to Route 1, 101 and I-495. Near MA border. This multi level space is approximately 3400 square foot consisting of 14' overhead garage door entering into open work/storage/warehouse area on concrete slab. The finished space space is open and easy to modify. Ideal for a retail location, light commercial industrial, and offices. The unit is configured with a 686± SF front office section with two open work spaces and a full kitchenette, two half baths on ground floor as well as a 1, 094± SF finished mezzanine level with 4 individual office suites, reception area and a ¾ bath. The office spaces are finished and have suspended ceilings, with carpeting on the first floor and wood veneer flooring on the mezzanine level. The rear section consists of a 1, 620± SF open shop area with 20’- 24’ clear ceiling height and a 14’ overhead door along the rear of the unit. There is an enclosed side stairwell that access the mezzanine level from both the office area and the shop space. The current condominium fee equals $250 per month, or $3, 000 annually ($0. 88 PSF). No special assessments are anticipated. The monthly fee includes exterior site and building maintenance and repairs, insurance, snow removal, landscaping, septic maintenance, and trash removal. Great parking and visibility. Excellent opportunity to own this spacious commercial condo unit.
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $359,200 | $359,200 | $359,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.250% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.386% | 6.623% |
Monthly Tax Payment | $414 | $414 | $414 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,390 | $2,450 | $3,104 |
Total Monthly Payment | $2,879 | $2,939 | $3,593 |
* 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.