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Pre-Construction. To be built. This property has very flexible zoning, Currently Zoned RAC/SPUD which allows many different commercial, industrial and self-storage uses. Fully approved and entitled for 650-unit climate-controlled self-storage facility. 100, 000 SQFT Facility; 86, 175 Net Rentable SQFT; Single level building. Low inventory in area for self-storage facilities. Heavy development taking place in adjacent parcels with new single-family homes and apartments, contributing to increased need for self-storage.
Sold with Guaranteed Building Rights for a self-storage facility, but the buyer can decide what they would like to do with the vacant land. If buyer needs any changes to the current plans, our GC/Builder is here to help! More information is available under the attachments section of Stellar MLS.
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William Raveis Real Estate
Phone: 888.699.8876
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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 | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.000% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.300% | 6.110% | 6.097% |
| Monthly Tax Payment | $218 | $218 | $218 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,206 | $5,276 | $7,367 |
| Total Monthly Payment | $5,549 | $5,619 | $7,710 |
* 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.