PRICE REDUCTION <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< For Sale $1,450,000 ±5,648 Square Feet Property Highlights Property: Price: $1,450,000 Building Size: 5,648 sq. ft. Lot Size: 25,700 sq. ft. (.59 acres) Best uses: Medical, Veterinary, Business Parking: 22 spaces, including 1 ADA APN: 144-291-026 Year Built: 1989 Zoning: CE (Commercial, East Cotati Avenue Corridor) Zoning District (Click Here)
Area Amenities Location: Less than one mile from the US 101, this property is conveniently situated on the East Cotati Corridor. Within walking distance to a local market, restaurants, coffee, and services. Property Summary: Single tenant office building, could potentially host two businesses with separate entrances. Tucked off East Cotati Avenue, this building consists of 12 offices, 2 conferences rooms, and 4 restrooms. The interior was renovated in 2012 and includes 3 heating and cooling systems. The well maintained back yard, which hosts a large deck/patio area, is fully fenced in and includes a fountain and pond.
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SBA 504 Loan Sample Structure Prepared for: Property Address: Cushman & Wakefield 429 E. Cotati Ave, Cotati Project Details Purchase Price $1,450,000 Property Address 429 E. Cotati Ave, Cotati Improvements Building Size (s.f.) 5,648 Other Price Per Sq. Ft. $256.73 Total Project Cost $1,450,000 SBA 504 Financing Structure Source of Funds % of Total Project Amount Rate Amortization Maturity Monthly Payment Bank (1st) 50% $725,000 5.25% 25 25 $4,345 SBA (2nd)* 40% $595,000 4.64% 20 20 $3,905 Injection - Borrower's Cash 10% $145,000 * Includes financed SBA fee of $15,000 Total Monthly Payment $8,250 Total Payment PSF $1.46 Monthly Ownership Costs Out of Pocket Costs Mortgage Payments $8,250 Down Payment $145,000 Insurance & Property Tax $1,571 Estimated Bank Fees $5,438 Depreciation Write-Off ($2,324) Appraisal & Environmental Reports $5,450 Title & Escrow Charges $10,875 Total Monthly Ownership Costs $7,497 Total Out of Pocket Costs $166,763 Assumptions The following assumptions were used for this scenario, and can be modified if there are any specific values you would like to use. Bank rate, terms, and fees are estimates and vary depending on lender. SBA fee is 2.15% of the SBA loan amount plus a $2,000 attorney flat fee. These fees are financed. Title & Escrow Charges are estimated at.75% of the Purchase Price, and do not include Pro-Rata Real Estate Taxes due at Closing. The current SBA rate is used here. Actual rate is set at debenture sale at time of funding. All costs and expenses are estimates. Bank Fees are estimated at.75% of bank loan. Insurance & Property Tax estimated at 1.3% of purchase price. Depreciation is estimated at a 75% basis over 39 years. 90% Financing For more information contact: Claudia Cohen Capital Access Group SVP / Director of Marketing 415-217-7604 ccohen@capitalaccess.com SBA (2nd)* 40% Injection - Borrower's Cash 10% Bank (1st) 50% 150 California Street, Suite 250 San Francisco, CA 94111 tel 415 217 7600 fax 415 217 7610 web CAPITALACCESS.COM Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing