Located in the vibrant city of Lake Mary, Florida, this upcoming commercial property offers a fantastic opportunity for businesses looking for a well-positioned space in a bustling area. Owner is offering $30k in TIA. Situated at 938 International Parkway, Suite 1510, this property is strategically situated near prominent establishments including Starbucks and various restaurants, making it an ideal location for attracting foot traffic and potential customers. The property boasts a spacious and flexible floor plan, allowing for various layout options to suit different business needs. With 1700 square feet of space, this property provides ample room for medical or business office, or service-oriented ventures.
The property is available under a modified gross lease, which typically means that the tenant will be responsible for base rent plus a portion of the operating expenses, including utilities, and insurance. This type of lease offers a degree of cost predictability while still maintaining a shared responsibility for certain expenses.
While the property is yet to be built out, tenants will have the advantage of tailoring the space according to their specific requirements. This provides a unique opportunity to design the interior to match the branding and functionality of the tenant's business. Positioned in a prime area, this property benefits from its proximity to nearby popular establishments, such as Starbucks and various restaurants. This not only ensures a steady flow of foot traffic but also offers convenience to both customers and employees. The property offers ample parking space for both tenants and customers, eliminating parking-related hassles and ensuring easy accessibility. With its strategic location, flexible lease terms, and the opportunity to customize the build-out, this commercial property at 938 International Pkwy Suite 1510, Lake Mary, FL 32746, holds great potential for businesses seeking a modern and accessible space in a thriving area.
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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 | $4,012 | $4,012 | $4,012 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.153% | 7.159% | 6.276% |
Monthly Tax Payment | $645 | $645 | $645 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $26 | $27 | $34 |
Total Monthly Payment | $746 | $747 | $754 |
* 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.