700
FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY CLASS A OFFICE
Half Moon Bay Office Building
MONTE VISTA LANE
SALE PRICE > $2,800,000 LEASE PRICE > $2.50 PSF NNN
HALF MOON BAY, CA
Building Highlights > ±5,800 Square Foot Class A Office Building
> Private Offices, a Conference Room & Kitchen
> ±27,000 Square Foot Lot
> ADA Compliant
> Modern Plug & Play Space
> Large Private Parking Lot
> High-End Furnishings Included
> Walking Distance to Downtown Amenities
> Green Office Building with Solar Panels
> A “Very Walkable” Walk Score of 71
> Abundant Natural Light
> Less than 1 Mile to Half Moon Bay State Beach
> ±10’-15’ Ceiling Height with Sky Lights
> Zoned C-R: Medical, Office, School
> New LED Lighting Throughout
> SBA Loan Approved & Seller Financing Available
EO MAT N A S ILES 13 M
TO BEACH < 1 MILE
Walk Score
71
RYAN YOUNG +1 650 486 2229
[email protected] CRAIG WALSH +1 650 486 2230
[email protected] CA License No. 01947604
CA License No. 00896189
700
FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY CLASS A OFFICE
Half Moon Bay Office Building
MONTE VISTA LANE HALF MOON BAY, CA
> Modern Plug & Play Office
FLOOR PLAN > ±5,800 SF Building on a ±27,000 SF Lot
> Green Office Building > Commercial Solar Panels > Double Pane Windows > ±10’-15’ Clear Height > ADA Compliant > Large Private Parking Lot > Available for Sale or Lease > SBA Loan Approved
For more information, contact: RYAN YOUNG +1 650 486 2229
[email protected] CA License No. 01947604
CRAIG WALSH +1 650 486 2230
[email protected] CA License No. 00896189
COLLIERS INTERNATIONAL 203 Redwood Shores Parkway Suite 125 Redwood City, CA 94065 colliers.com/redwoodcity
700
FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY CLASS A OFFICE
Half Moon Bay Office Building
MONTE VISTA LANE HALF MOON BAY, CA
> Class A Office Building > Abundant Natural Light > Plenty of Windows & Sky Lights > Fully Furnished Space > High-End Furnishings Included > Large Conference Room > Private Offices & Workstations > Home-Style Kitchen > New LED Lighting Throughout
For more information, contact: RYAN YOUNG +1 650 486 2229
[email protected] CA License No. 01947604
CRAIG WALSH +1 650 486 2230
[email protected] CA License No. 00896189
COLLIERS INTERNATIONAL 203 Redwood Shores Parkway Suite 125 Redwood City, CA 94065 colliers.com/redwoodcity
700
FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY CLASS A OFFICE
Half Moon Bay Office Building
MONTE VISTA LANE HALF MOON BAY, CA
Prepared for Craig Walsh, Colliers International
SBA 504 Owner-User 90% Finanancing
as of 05/31/17
SBA 504 LOAN > 90% Financing 700 OWNER-USER Monta Vista Lane, Half Moon Bay, CA 94019 5,800 Square Foot Commercial Building
Purchase Price $483 psf Tenant Improvements $0 psf SBA Fees (2.15% financed by CDC, inc. in loan amt.)** SBA Legal Fee Bank Loan Fee 1.00% of Bank Loan Estimated appraisal, environmental report, escrow & title Project Cost
$
Down Payment Bank Loan Fee & Closing Costs
$
280,000 23,000
$
303,000 1,400,000 1,145,000 2,848,000
10% of Purchase Price
Total Borrower Costs Bank Loan* SBA 504 Loan** Monthly Costs Year 1 Bank (Principal & Interest) SBA (Principal & Interest) Property Taxes Insurance Total Monthly Payment
$
$ $ 1.125% of FMV $
Before Tax Cost of Ownership Monthly Ownership Benefits Year 1 Interest Deduction (40% Tax Bracket)*** Depreciation (40% Tax Bracket)*** Total Adjusted Monthly Costs After Tax Cost of Ownership****
2,800,000 0 25,000 2,000 14,000 7,000 2,848,000
8,389 7,343 2,625 292 18,649
For more information, contact:
$
3.22 psf for entire bldg.
$ $
(4,181) (1,556) 12,912 2.23 psf for entire bldg.
RYAN YOUNG +1 650 486 2229
[email protected] CA License No. 01947604
CRAIG WALSH +1 650 486 2230
[email protected] CA License No. 00896189
90% SBA Financing Financing Package Bank Loan SBA 504 Loan
Loan Size $1,400,000 $1,145,000
Term 25 Yr Amort, 20 Yr Term 20 Years
* Bank Loan has a pre-payment penalty for the first ten years. ** SBA 504 Loan has a pre-payment penalty for the first ten years. *** This analysis assumes that the buyer is in a 40% annual income tax bracket. **** Please consult your accountant and real estate professional regarding your actual after-tax benefits.
Broker :
Banker :
Rate 5.25% 4.66%
Type Fixed for 20 Fixed for 20
COLLIERS INTERNATIONAL 203 Redwood Shores Parkway Suite 125 Redwood City, CA 94065 colliers.com/redwoodcity
700
FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY CLASS A OFFICE
Half Moon Bay Office Building
MONTE VISTA LANE HALF MOON BAY, CA
AMENITIES FOOD & DRINKS SAN FRANCISCO 29 MILES
O TE MA LES N I SA 3 M 1
Half Moon Bay HMB STATE BEACH
TO BEACH < 1 MILE
ARK North Indian Grill Barterra Winery Moonside Bakery & Cafe Main Street Grill Nano’s Yogurt Shack Cafe Capistrano Spanishtown Mexican Spice Me Thai Half Moon Bay Bakery It’s Italia Sushi Main Street Chez Shea San Benito House Fish ‘n Frites Pasta Moon Romesco Bistro & Tapas Sacrilege Brewery + Kitchen Mercado Restaurant Dad’s Luncheonette Taqueria Tres Amigos Taqueria La Mexicana Half Moon Bay Coffee Seville Tapas Old Princeton Landing Jersey Joe’s Coastside Peet’s Coffee Dunkin’ Donuts Burger King Round Table Pizza Starbucks Cafe Society Subway McDonald’s Taco Bell
Raman’s Coffee & Chai Joe’s Mullins Bar & Grill Navio The Ocean Terrace Cameron’s Pub VIA UNO Cucina Italiana & Bar The Barn Miramar Beach Hop Dogma Brewing Co. Sam’s Chowder House India Beach Caffé Mezzaluna Spicoli Pizza Half Moon Bay Brewing Co. Barbara’s Fishtrap Mezzaluna Italian Restaurant
MARKETS Safeway New Leaf Community Markets Half Moon Bay Fish Market Harbor Village Cunha’s Country Store Andreotti Family Farm Orlando’s Placita Market Mercado Mi Familia El Granada General Store Spangler’s Market