owner/user medical building - loopnet · appraisal & phase 1 $5,300 escrow, title, legal, etc...
TRANSCRIPT
THE PROPERTY
> High quality 2,574 SF medical office built in 1990, masonry construction.
> Ideal for a variety of medical, dental or general office users.
> The building was designed with future expansion in mind, making an addition
simple and cost effective.
> Centrally located one block from Tuality-Forest Grove Hospital, near Pacific
University and many restaurants and shops.
> Occupant will enjoy a private setting, situated on a large .49 acre parcel with
beautiful landscaping.
> Monument and exterior building signage options available.
> Abundant parking: 18 off-street stalls (Ratio 7:1000 SF) plus street parking.
> Zoning: CC (allows for a variety of uses). Inside city healthcare district.
> 2014 Property Taxes: $6,672.00
AVAILABILITY
> FOR SALE: Offered at $575,000 ... ($223.00/SF)
Owner/User Medical Building3307 19th Avenue, Forest Grove OR 97116
FOR SALE
Hayden Group LLC505 SE Washinton StreetHillsboro, OR 97123
Nick Baldwin, BrokerMob (503) [email protected]
CONTACT
Please do not disturb tenant
FOR SALE
Owner/User Medical Building3307 19th Avenue, Forest Grove OR 97116
*
Proximity to many healthcare businesses, assisted
living, retirement and nursing homes.
FOR SALE
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Owner/User Medical Building3307 19th Avenue, Forest Grove OR 97116
FLOOR PLAN
Reception, waiting, 4 exam rooms w/ sink, Dr’s. office w/ private terrace, business
office, conference room w/ kitchenette, lab w/ sink, 3 restrooms (1 ADA), nurses
station w/ vaulted ceilings, storage room. Extensive cabinetry throughout.
Owner/User Medical Building3307 19th Avenue, Forest Grove OR 97116
FOR SALE
Hayden Group LLC505 SE Washinton StreetHillsboro, OR 97123
Nick Baldwin, BrokerMob (503) [email protected]
CONTACT
Real Estate Purchase Scenario3307 19th Avenue
$590,000Financing Offered By:
CapitalSource BankBrad Benson: 503-698-4109
SBA Loan StructureBuilding Purchase $590,000Building Improvements (opt) $25,000Moving Costs (opt) $0Appraisal & Phase 1 $5,300Escrow, Title, Legal, Etc $9,700Total Project Costs $630,000Borrower Down-Payment: $10,000CapitalSource Loan Amount $620,000
LOAN TERMS & CONDITIONSLoan Term 25 Years Fully AmortizedInterest Rate: 5.25%Monthly Loan Payment $3,715Prepayment Fee 3 Yrs only-5%, 3%, 1%
OWNERSHIP BENEFIT ANALYSIS - Assuming 35% combined Tax Bracket
Rental Income from tenant 0Tax Benefit - Depreciation ($490)Average Monthly Principal Reduction (5 yrs) ($1,096)Effective Monthly Ownership Costs $2,129
Equity in Investment after 5 years: 3% Appreciation $158,715*The information on this sheet is not a commitment to lend. These are estimates based on basic informationprovided. Rates and structure subject to change as parameters are defined. Please consult your tax advisor
Purchase Price:
Mortgage Payment
Annual Rate:
Only $17.30 Per SF
Effective Ownership
Cost Annual Rate:
Only $9.92 Per SF
WHY LEASE WHEN YOU
CAN OWN FOR LESS?