Premier Marin County office condos for sale

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Ashley Sutton
7 years ago
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1 Premier Marin County office condos for sale 350 Ignacio Boulevard Novato, CA Premier Office Condo Project Excellent Southern Novato Location 90% Financing Available Convenient to Many Amenities Pride of Ownership Financing Provided By: You Have Nothing to Lose but Your Landlord! California license &

2 HOME SUITE 101 SUITE 103 SUITE 105 SUITE 201 SUITE 101-1,138 SQUARE FEET ESTIMATED COST OF OWNERSHIP Purchase Price $ 369,850 Loan Amount $ 335,865 Includes SBA/CDC Fees (currently.65%)* Loan to Value 90% Debt Interest Rate 6.25% Blended SBA 504 Rate* Amortization Period (years) 22.5 Blended amortization* Sold! Down Payment $ 36,985 10% Lender Points $ 1,849 1% of First Loan - Estimated Appraisal Leased! $ 3,500 Estimated Escrow fees $ 5,000 Estimated Total Cash Required $ 47,334 *Contact David Griffis, TMC Development, (415) Per Year Per Month Per SF Per Month Debt Service $ 27,839 $ 2,320 $ 2.04 Equity Build in Year One ($ 7,047) ($ 587) ($ 0.52) Net Cost before Expenses $ 20,792 $ 1,733 $ 1.52 Condo Association Dues $ 6,828 $ 569 $ 0.50 Property Insurance (included) (Ask brokers regarding availability for purchase) Utilities PG&E, Water (included) Maintenance & Repairs (included) * Floor plans are illustrative - Reserves (included) can be built to suit. Real Estate Taxes (estimated) $ 4,253 $ 354 $ 0.31 Interior Janitorial Service (est.) $ 956 $ 80 $ 0.07 Total Annual Expenses (estimated) $ 12,037 $ 1,003 $ 0.88 Depreciation (estimated) ($ 7,587) ($ 632) ($ 0.56) Total Cost to Own $ 25,242 $ 2,104 $ 1.84 Suite 101 Note: 1) Association dues based on 2010 operating budget and real estate taxes based on tax rates. 2) Each prospective buyer is encouraged to review this information with his/her tax consultant or advisor, as each purchase transaction and associated benefits vary from buyer to buyer.

3 HOME SUITE 101 SUITE 103 SUITE 105 SUITE 201 SUITE 103-1,876 SQUARE FEET ESTIMATED COST OF OWNERSHIP Purchase Price $ 609,700 Loan Amount $ 553,973 Includes SBA/CDC Fees (currently 2.15%)* Loan to Value 90% Debt Interest Rate 6.25% Blended SBA 504 Rate* Amortization Period (years) 22.5 Blended amortization* Sold! Down Payment $ 60,970 10% Lender Points $ 3,049 1% of First Loan - Estimated Appraisal $ 3,500 Estimated Escrow fees $ 5,000 Estimated Total Cash Required $ 72,519 *Contact David Griffis, TMC Development, (415) Per Year Per Month Per SF Per Month Debt Service $ 45,917 $ 3,826 $ 2.04 Equity Build in Year One ($ 11,623) ($ 969) ($ 0.52) Net Cost before Expenses $ 34,294 $ 2,857 $ 1.52 Suite 103 Condo Association Dues: $ 11,256 $ 938 $ 0.50 Property Insurance (included) Utilities PG&E, Water (included) Maintenance & Repairs (included) Reserves (included) Real Estate Taxes (estimated) $ 6,724 $ 560 $ 0.30 Interior Janitorial Service (est.) $ 1,576 $ 131 $ 0.07 Total Annual Expenses (estimated) $ 19,556 $ 1,629 $ 0.87 * Floor plans are illustrative - can be built to suit. Depreciation (estimated) ($ 12,507) ($ 1,042) ($ 0.56) Total Cost to Own $ 41,343 $ 3,444 $ 1.83 Note: 1) Association dues based on 2010 operating budget and real estate taxes based on tax rates. 2) Each prospective buyer is encouraged to review this information with his/her tax consultant or advisor, as each purchase transaction and associated benefits vary from buyer to buyer.

4 HOME SUITE 101 SUITE 103 SUITE 105 SUITE 201 Purchase Price $ 546,000 SUITE 105-1,680 SQUARE FEET ESTIMATED COST OF OWNERSHIP Loan Amount $ 496,096 Includes SBA/CDC Fees (currently 2.15%)* Loan to Value 90% Debt Interest Rate 6.25% Blended SBA 504 Rate* Amortization Period (years) 22.5 Blended amortization* Down Payment $ 54,600 10% Lender Points $ 2,730 1% of First Loan - Estimated Appraisal $ 3,500 Estimated Escrow fees $ 5,000 Estimated Total Cash Required $ 65,830 Suite 105 Sold! *Contact David Griffis, TMC Development, (415) Per Year Per Month Per SF Per Month Debt Service $ 41,120 $ 3,426 $ 2.04 Equity Build in Year One ($ 10,408) ($ 867) ($ 0.52) Net Cost before Expenses $ 30,711 $ 2,559 $ 1.52 Condo Association Dues: $ 10,080 $ 840 $ 0.50 Property Insurance (included) Utilities PG&E, Water (included) Maintenance & Repairs (included) Reserves (included) Real Estate Taxes (estimated) $ 6,021 $ 502 $ 0.30 Interior Janitorial Service (est.) $ 1,411 $ 118 $ 0.07 Total Annual Expenses (estimated) $ 17,512 $ 1,460 $ 0.87 * Floor plans are illustrative - can be built to suit. Depreciation (estimated) ($ 11,200) ($ 933) ($ 0.56) Total Cost to Own $ 37,023 $ 3,086 $ 1.83 Note: 1) Association dues based on 2010 operating budget and real estate taxes based on tax rates. 2) Each prospective buyer is encouraged to review this information with his/her tax consultant or advisor, as each purchase transaction and associated benefits vary from buyer to buyer.

5 HOME SUITE 101 SUITE 103 SUITE 105 SUITE 201 SUITE 201-2,895 SQUARE FEET ESTIMATED COST OF OWNERSHIP Purchase Price $ 868,500 Loan Amount $ 789,119 Includes SBA/CDC Fees (currently 2.15%)* Loan to Value 90% Debt Interest Rate 6.25% Blended SBA 504 Rate* Amortization Period (years) 22.5 Blended amortization* Down Payment $ 86,850 10% Lender Points $ 4,343 1% of First Loan - Estimated Appraisal $ 3,500 Estimated Escrow fees $ 5,000 Estimated Total Cash Required $ 99,693 *Contact David Griffis, TMC Development, (415) Per Year Per Month Per SF Per Month Debt Service $ 65,407 $ 5,451 $ 1.88 Equity Build in Year One ($ 16,556) ($ 1,380) ($ 0.48) Net Cost before Expenses $ 48,851 $ 4,071 $ 1.40 Condo Association Dues $ 17,370 $ 1,448 $ 0.50 Property Insurance (included) Utilities PG&E, Water (included) Maintenance & Repairs (included) Reserves (included) Real Estate Taxes (estimated) $ 9,578 $ 798 $ 0.28 Interior Janitorial Service (est.) $ 2,432 $ 203 $ 0.07 Total Annual Expenses (estimated) $ 29,380 $ 2,449 $ 0.85 Depreciation (estimated) ($ 17,815) ($ 1,485) ($ 0.51) Total Cost to Own $ 60,416 $ 5,035 $ 1.74 * Floor plans are illustrative - can be built to suit. Note: 1) Association dues based on 2010 operating budget and real estate taxes based on tax rates. 2) Each prospective buyer is encouraged to review this information with his/her tax consultant or advisor, as each purchase transaction and associated benefits vary from buyer to buyer.

6 Newly Renovated Pacheco Plaza 350 Ignacio Blvd. Ignacio Blvd. Hamilton Marketplace California license &

7 location highlights Premier Location Minutes from US 101 Reverse Commute Walk to Restaurants Shops & Services 350 Ignacio Boulevard Novato, California Ignacio, located approximately 21 miles north of San Francisco, is located in the convenient Ignacio area of Southern Novato. Novato, one of Marin counties two largest employment centers, is convenient to Sonoma County, Southern Marin, and the East Bay via Highways 37 & 580. The project is located just off of Highway 101 at the Ignacio Boulevard exit. It is immediately adjacent to the newly renovated Pacheco Plaza Shopping Center and within close proximity to the brand new Hamilton Marketplace and Bel Marin Keys Business Park. California license &

8 Benefits of marin county office condo ownership Go GREEN in order to gain increased incentives for investing in your own company.* Buy with only 10% down with SBA financing and lock in your mortgage payment long term. Low SBA financing - fees are amortized into the mortgage payments. Increase YOUR bottom line. Build equity and enjoy the benefits of depreciation!* Control your operating expenses. Eliminate future rent increases - NEVER negotiate a new lease again! Customize your interior improvements the way YOU like - When you own, YOU are in control and YOU get the benefit! Enjoy one of the strongest real estate markets in the country with the safety of strong intrinsic value and historically strong appreciation. * Consult your CPA or Certified Finanacial Planner for details California license &

9 OWNER - USER OPPORTUNITY Property Address: 350 Ignacio Boulevard Gross Building Area: 18,369 sq.ft. Novato, CA Parking: 3.5 / 1,000 (Net) including deeded parking for each unit and shared parking with adjacent buildings. Property Type: Office Condominium Zoning: BPO - Business & Professional Office Description of Improvements & Location: 350 Ignacio Boulevard offers premier office condominiums in a completely remodeled, professional office building. Neighboring amenities and close proximity to US Highway 101 make this an excellent location for your business. Suite Square Feet Price 103 1,876 $745,000 NOW: $609, ,680 $669,000 NOW: $546, ,895 $1,140,000 NOW: $868,500 California license &

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Buyer s Guide BASIC INFORMATION: Buyer s Guide Buying an apartment in NYC can be overwhelming. Our Buyer s Guide provides useful information that can help you familiarize yourself with the process. BASIC INFORMATION: Financing: Find out