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12, 600 SF | Top-Tier Block Construction with Immediate Income and Occupancy Options This is an opportunity to own one of the best-built properties in the region. The 12, 600 S. F. block construction building features durable concrete truss ceilings and has seen many recent, high-value upgrades. Currently, the property is 100% leased, providing a stable income stream. However, for a buyer looking to establish or expand operations, there is an owner-occupancy opportunity for up to 3, 900 S. F. of space. The building was constructed to offer maximum versatility (originally 16 self-contained spaces) and can easily accommodate a wide range of needs, such as dedicated retail up front and functional warehouse space in the back, complete with a roll-up door. Recent Capital Improvements: New digital sign installed last year ($15, 000). Roof sealing completed on the TPO roof. New soffit lighting and professional paint touch-ups.
Located in the Volusia County Unincorporated Area, the property is ideal for many commercial uses. Qualified buyers are encouraged to inquire about the possibility of partial owner financing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,899,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
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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 | $1,519,200 | $1,519,200 | $1,519,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.750% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.251% | 6.110% | 6.164% |
| Monthly Tax Payment | $1,123 | $1,123 | $1,123 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,866 | $9,108 | $12,820 |
| Total Monthly Payment | $10,114 | $10,356 | $14,068 |
* 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.