BUILD EQUITY – SAVE FOR RETIREMENT: 712 Clark Place is a newly constructed, 24,000 square feet, (10 condo units) concrete-block office/ warehouse project located near Powers & Platte for sale. This is not a metal building. It’s pride of ownership property.
There are ten 2,400 square feet (30’ x 80’) condo units which can be purchased separately or combined. Each unit has approximately 600 square feet of office and 1,800 square feet of high-cube warehouse with 3-phase, 200-amp power, 16’ clear-ceiling heights and a 12’ overhead door. Floor plans can be customized.
Financing is easy. Conventional loans: 20% – 25% down, 20-year amortization at 5.35% interest with a 10- year rate adjustment. With 25% down, the monthly payment would be approximately $1,820. Conventional loans can close within 45 days from the date of contract.
SBA (Small Business Administration) loans: 10% down with the same general terms as a conventional loan except, (because the down payment is 1?2), the monthly payment increases to approximately $2,185 per month. SBA loans can close within 45 days from the date of contract.
The monthly COA cost is about $275 and pays for building insurance, maintenance, snow removal, trash removal, and a capital reserve. Property taxes are estimated at $1.00 per square foot per year.