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The subject property is a single story office use building that contains 14, 440 square feet. Built in 1998, the property is on a slab on grade founda-tion with a decorative block and metal sided exte-rior; there are fixed framed windows and a pitched metal roof. The building has three 10 foot by 10 foot overhead doors and one, 14 foot by 10 foot overhead doors at ground level. The over-head doors are located at the rear of the building; this area is accessible through a fenced in portion of the site that is utilized by the anchor tenant for vehicle and equipment storage , Spectrum. The interior is divided into two tenant occupied units. Pittsfield Community Television occupies 4, 608 square feet of updated office type space and utilizes it as a television studio and office space. This unit unit includes a waiting room and reception area, five private offices, two 'edit rooms', a sound control room, a live radio studio and a live television studio as well as three half bathrooms. This space appeared updated and modern with extensive electronics, tenant's personal property, utilized in the daily operation of the unit. This unit is in very good condition. The second unit contains 9, 792 square feet and is occupied by Spectrum Charter, formerly Time Warner. This unit includes a retail area, 14 private offices, a large conference room- training room, a break area as well as 2, 416 square feet of dedicated warehouse- storage space at the rear of the site accessible via the four overhead doors. This unit appeared well maintained and in average-good condition. The entire building is sprinklered with central air conditioning to nearly all of the building. Overall, the property was in good condition with good utility based on the majority finished office space, the desirable buildouts and the leases in place. Close proximity to all major Routes: Routes 7 - 4 miles and Routes 8 & 20 . 5mile for ease of access for trailer trucks etc. Copy: Appraisal 2021.
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,680,000 | $1,680,000 | $1,680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.235% | 6.058% |
| Monthly Tax Payment | $3,796 | $3,796 | $3,796 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,539 | $10,208 | $14,064 |
| Total Monthly Payment | $13,460 | $14,129 | $17,985 |
* 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.