OFFICE CONDO 2035 LYNDELL TERRACE - LoopNet · OFFICE CONDO 2035 LYNDELL TERRACE SUITE 120, DAVIS, CA. This information supplied herein is from sources we deem reliable. It is provided

FOR SALE: $1,300,000

±3,387 MARKETABLE SF OFFICE CONDO

2035 LYNDELL TERRACESUITE 120, DAVIS, CA

This information supplied herein is from sources we deem reliable. It is provided without any representation, warranty, or guarantee, expressed or implied as to its accuracy. Prospective Buyer or Tenant should conduct an independent investigation and verification of all matters deemed to be material, including, but not limited to, statements of income and expenses. Consult your attorney, accountant, or other professional advisor.

KIDDER.COM

JIM GRAY, LEED AP, CCIM

[email protected] N° 00775072

NAHZ ANVARY, CCIM

916.284.8385nahx.anvarykidder.comLIC N° 01468557

SUITE 120, DAVIS, CA

FOR LEASE SALE

2035 Lyndell Terrace

±3,387 Marketable SF 2035 LYNDELL TERRACE, SUITE 120 presents a rare opportunity to buy move-in ready ±3,387 marketable SF medical or professional office condo. The Lyndell Terrace Office Complex is one of Davis’ newest and most modern medical and professional office buildings specifically designed to accommodate medical and professional businesses. This is the first time that one of the suites has come to market for re-sale. Owner occupants include ophthalmologist, oral surgeon, rehab/physical therapist, and two dental practices. It is a fabulous location, with a professional atmosphere, and offers great natural light for medical professionals, dentists, or professional service firms. Highlights include:

• Glass lines with an abundance of natural light

• Reception/seating area, 4 private offices (all with windows), large conference room, 3 exam rooms, copy/file storage room, break room, and interior restrooms.

• Generous parking ratio of 5 parking spaces per every 1,000 square feet

• Fiber/Internet connectivity, security features, and monument signage

LOCATION FEATURES

• Very accessible and visible location, directly off Covell Blvd and adjacent to the Sutter Hospital Campus.

• Easy access to Highway 113, the connector to Interstates 80 and 5.

• Immediate proximity to many amenities and restaurant establishments, including Starbuck’s and Marketplace Shopping Center (Safeway, Peets, Noah’s Bagels, Jamba Juice, Dos Coyotes, Plutos).

$1,300,000ASKING PRICE

5/1,000PARKING RATIO

CLASS A2-STORY OFFICE


FOR LEASE SALE



916.947.5142 | [email protected] N° 00775072

NAHZ ANVARY, CCIM

916.284.8385 | nahz.anvarykidder.comLIC N° 01468557

Waiting and Reception Area

Sample Exam Room

Large Conference Room

Kitchen and Break Area

Sample Private Office

Small Conference Room



NAHZ ANVARY, CCIM


First Floor | Suite 120


FOR LEASE SALE


OFFICE13 X 13

OFFICE10 X 12

EXAM10 X 12

EXAM9 X 12

EXAM9 X 10

INTAKE OFFICE

BREAK ROOM

BUILDING ELECTROOM

OFFICE10 X 17

SUPPLY / FILE

8 X 10

REST ROOM

REST ROOM

RECEPTION

RECEPTIONCOPY

COMMON STAIRSEXISTING

CORRIDOR

OFFICE13 X 13

LARGE CONFERENCE ROOM

13 X 21

(NOT TO SCALE)

Site Plan & Condo Map


FOR LEASE SALE


SUBJECT PROPERTY

APN 036-762-002-000

Parcel Map



NAHZ ANVARY, CCIM


Potential Financing


FOR LEASE SALE


SBA 504 Financing Analysis; 2035 Lyndell Terrace, Suite 120, Davis, CAAnalysis by: California Statewide CDC - Mark Schwan/916.804.1972/[email protected]

SBA 504 StructureProject Uses:Building Purchase $1,300,000Improvements/Other $0Total: $1,300,000

Project Sources:Bank 1st Deed of Trust $650,000 50%SBA 504 2nd Deed of Trust (net) $520,000 40%Borrower Down Payment $130,000 10%TOTAL PROJECT $1,300,000 100%

Bank Loan CSCDC Loan TOTALNet Loan Amount $650,000 $520,000 $1,170,000Interest Rate 4.75% 4.01% Years Amortized 25 25Term 10 25Bank Loan Fee $3,250 $0 $3,250Lender Participation Fee $3,250 $0 $3,250CDC/SBA Fees (2.65%)* $0 $13,780 $13,780Document/Attorney Closing Fee $0 $2,500 $2,500Environmental Report (TBD)** $2,500 $0 $2,500Appraisal ** $3,000 $0 $3,000TOTAL FEES $12,000 $16,280 $28,280

Total "Out of Pocket" Fees $12,000 $0 $12,000

TOTAL LOAN AMOUNT $650,000 $534,000 $1,184,000(rounded up)

NotesBank rate is an estimate; rate will vary based on term and reset period.The rate on the SBA 2nd deed of trust loan is set at the time of funding (10 year TCM + spread).The SBA 504 rate assumed is the rate for loans being funded in July, 2019; actual rate on thisproject will be set in the month the SBA 504 debenture is funded.Fees on SBA 504 debenture of 2.65% are financed over 25 yearsFees shown do not include title and escrow charges** Estimate; appraisal and environmental report costs vary depending upon scope of work

FINANCING SUMMARYBank 1st Deed CSCDC 504 2nd Blended/Total

Loan Amount $650,000 $534,000 $1,184,000Amortization 25 25Due in 10 25Monthly Financing Payment $3,730 $2,822 $6,552Annual Financing Payment $44,766 $33,859 $78,625Interest Rate 4.75% 4.01% 4.42%Borrower Down Payment $130,000

Disclaimer: This analysis is based on a series of assumptions, including loan interest rates and other costs, and is meant only to beillustrative in nature. The analysis is not a guarantee of any actual results of any loan or purchase transaction or ownership of anyreal property, all of which are subject to risks, uncertainties and assumptions that are difficult to predict and which are beyond ourcontrol. SBA 504 financing is provided subject to eligibility and credit approval requirements. No warranties or representations,express or implied, are made as to the accuracy of the information contained herein, and same is submitted subject to the possibilityof errors, omissions, change of price, rental or other conditions, withdrawal without notice, prior sale, lease or financing. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent future performance of the property.You and your financial, tax and legal advisors should conduct your own investigation of the transaction.

7/18/2019

WHAT IS AN SBA 504 LOAN?

An SBA 504 Loan is a fully amortized 10- or 20-year loan specifically meant for business owners looking to expand through the acquisition of long-term assets (building purchase, new construction or long-term machinery and equipment). In partnership with a lender, 90% financing is available. With only 10% down, you can get the money you need to grow your business.

WHO IS ELIGIBLE FOR AN SBA 504 LOAN?

An SBA Loan is businesses that meet the following criteria:

• An operating, for profit business, such as Corporation, Sole Proprietorship or LLC, etc.

• With your affiliates, have tangible net worth of more than $7 million and profit after taxes less than $2.5 million

• Occupy at least 51% of the subject property

Highlights of sample $1,170,000 loan:

• Low 10% down payment $130,000 down payment• Below market fixed interest rate and fully amortized loan: $6,552 monthly

paymentFor more SBA Loan Information or to Pre-Qualify contact:

California Statewide Certified Development Corporation is licensed by the U.S. Small Business Administration to provide second mortgage financing to expanding small businesses through the SBA 504 Program. The information contained herein has been secured from sources we believe to be reliable. Kidder Mathews has no reason to doubt its accuracy, but we do not guarantee it.

Disclaimer: This analysis is based on a series of assumptions, including loan interest rates and annual appreciation rates, and is meant only to be illustrative in nature. The analysis is not a guarantee of any actual results of any loan or purchase transaction or ownership of any real property, all of which are subject to risks, uncertainties and assumptions that are difficult to predict and beyond our control. No warranties or representations, express or implied, are made as to the accuracy of the information contained herein, and same is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, withdrawal without notice, prior sale, lease or financing. We include projections, opinions, assumptions or estimates for example only, and they may not represent future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

Mark Schwan 916-804-1912 [email protected]



NAHZ ANVARY, CCIM



FOR LEASE SALE


SUBJECT PROPERTY

LYNDELL TERRA

CE

W COVELL BLVD

HW

Y 1

13

R

Great views, natural lighting and window line

Part of a well-run and efficient condo association

Condo fees are approximately $.49/SF/month

Plenty of parking

Within walking distance of Starbuck’s and Subway. Other retail amenities within minutes.

Great proximity to Interstate 80 and Highway 113. Adjacent to Sutter Davis Hospital.

Amenities



NAHZ ANVARY, CCIM


Documents

OFFICE CONDO 2035 LYNDELL TERRACE - LoopNet · OFFICE CONDO 2035 LYNDELL TERRACE SUITE 120, DAVIS, CA. This information supplied herein is from sources we deem reliable. It is provided