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STEVEN LEONARDManaging DirectorLic. #00909604415 451 [email protected]
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1415 N McDowell Blvd Petaluma, California 94954
OFFICE / FLEX / WAREHOUSEFOR SALE OR LEASE
BRIAN FOSTERManaging DirectorLic. #01393059 415 451 [email protected]
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HIGHLIGHTS:Free standing office/flex/warehouse building for sale or lease
Currently configured as 1/2 office and 1/2 warehouse. Could be delivered as 100% warehouse.
3 grade level roll up doors & 1 dock high loading door
Sale price – $6,200,000 | ($200 PSF)
Lease rate $1.10 psf NNN
New roof 2016
New HVAC and Building mechanical systems in 2017
Building painted in 2020
31,010 SF FREE STANDING OFFICE / FLEX / WAREHOUSE
1 Reception Desk
2 IT Room
3 Open Space
4 General Lab
5 Mechanical Room
6 Demo Room
78
KitchenDock High Loading Door
Floor PlanN
3
2
1
3
4
5
68
7
4
BuildingHighlights
ADDRESS:
SIZE:
ZONING:
PARKING:
APN:
YEAR BUILT:
PARCEL SIZE:
CONSTRUCTION TYPE:
1415 N MCDOWELL BLVD
31,010 SQ. FT.
BP (SEE ATTACHED)
4:1,000 (124 Spaces)
047-360-021
1995
APPROXIMATELY 0.68 ACRES
CONCRETE TILT UP
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1. 1415 N. MCDOWELL BLVD
2. APPLEBEE’S GRILL + BAR
3. HWY 101
4. STARBUCKS
5. MOTEL 6 N
3
4
5
76
10
9
8
1
2
6. SYNERGY HEALTH CLUB
7. KOHL’S
8. MICHAEL’S
9. HENHOUSE BREWERY
10. LAGUNITAS BREWERY
Prepared for: Cushman & WakefieldProperty Address: 1415 N. McDowell Blvd, Petaluma
Purchase Price $6,200,000 Property Address 1415 N. McDowell Blvd, Petaluma
Improvements Building Size (s.f.) 30,010Price Per Sq. Ft. $206.60
Total Project Cost $6,200,000
Source of Funds% of Total
Project Amount Rate Amortization Maturity Monthly PaymentBank (1st) 50% $3,100,000 3.30% 25 25 $15,189SBA (2nd)* 40% $2,548,000 2.76% 25 25 $11,767Down Payment 10% $620,000
* Includes financed SBA fee of $68,000 Total Monthly Payment $26,956Total Payment PSF $0.90
Monthly Ownership Costs Out of Pocket CostsMortgage Payments $26,956 Down Payment $620,000Insurance & Property Tax $6,717 Estimated Bank Fees $15,500Average Principal paydown benefit ($12,748) Appraisal & Environmental Reports $5,500
Total Effective Monthly Ownership Costs $20,925 Total Out of Pocket Costs $641,000
SBA 504 Loan Sample Structure
150 California Street, Suite 250 | San Francisco, CA 94111tel 415 217 7600 fax 415 217 7610 web CAPITALACCESS.COM
Bank Fees are estimated at .5% of bank loan amount. Insurance & Property Tax estimated at 1.3% of purchase price. Effective cost of ownership is Total Monthly Payment less annual Principal paydown.
The following assumptions were used for this scenario, and can be modified if there are any specific values you would like to use.
Project Details
SBA 504 Financing Structure
Assumptions
Bank rate, terms, and fees are estimates and vary depending on lender. SBA fee is 2.65% of the SBA loan amount plus a $2,000 attorney flat fee. These fees are financed. The current SBA rate is used here. Actual rate is set at debenture sale at time of funding. All costs and expenses are estimates.
**Date Prepared: 6/3/2020
For more information contact:Claudia CohenCapital Access GroupSVP / Director of Marketing [email protected]
Bank (1st) 50%
SBA (2nd)*40%
Down Payment
10%
90% Financing
Cushman & Wakefield Copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
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Cushman & Wakefield Copyright 2020. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
cushmanwakefield.com
STEVEN LEONARDManaging DirectorLic. #00909604415 451 [email protected]
BRIAN FOSTERManaging DirectorLic. #01393059 415 451 [email protected]
