hird Avenue - Cloudinary
1161 hird Avenue
±2,800 SF OFFICE FOR SALE OR LEASE
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
EXCELLENT OWNER-USER OPPORTUNITY IN CHULA VISTA KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President 858.458.3345 [email protected]
Senior Vice President 858.458.3340 [email protected]
4747 Executive Dr., Suite 800, San Diego, CA 92121
•
858.453.0505
•
858.408.3976 Fax
•
Lic #01991785 | www.voitco.com
1161 hird Avenue
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
PROPERTY FEATURES »» Terrific Owner-User Opportunity »» ±2,800 SF available for sale or lease »» Medical built-out, custom features - perfect for office use, HVAC »» Excellent Parking »» Includes twelve (12) private offices, three (3) restrooms, and one (1) conference room »» Between the 805 & 5 freeway with quick access to both »» 3rd Avenue street visible signage
SALE PRICE: $795,000 ($283.93/SF) LEASE RATE: $1.75 NNN (NNN = $0.25)
KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President | 858.458.3345 [email protected] | Lic. #01405420
Senior Vice President | 858.458.3340 [email protected] | Lic. #00780529
±2,800 SF OFFICE FOR SALE OR LEASE
1161 hird Avenue
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
PROPERTY SITE PLAN
KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President | 858.458.3345 [email protected] | Lic. #01405420
Senior Vice President | 858.458.3340 [email protected] | Lic. #00780529
Licensed as a Real Estate Broker and Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
FLOOR PLAN
1161 hird Avenue
OWN VS. LEASE ANALYSIS
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11 OWN
LEASE
PURCHASE ASSUMPTIONS Size (Square Feet) Purchase Price plus improvements
2,800 SF $795,000
START-UP COSTS 10% Down Payment
$79,500
Total out of pocket costs
$79,500
MONTHLY COST TO OWN Mortgage payment Operating Exp/CAM Property Taxes Total Monthly Costs
PER SQ FT $1.48 $0.05 $0.26
$4,158 $140 $729 $5,027
MONTHLY OWNERSHIP BENEFITS (ESTIMATED)
TOTAL EFFECTIVE MONTHLY COST:
2,800 SF $1.75 $4,900
START-UP COSTS Prepaid Rent/Security Deposit Improvements Total out of pocket costs MONTHLY COST TO LEASE Lease Payment Operating Exp/CAM Property Taxes Total Monthly Costs
$9,800 $0 $9,800 PER SQ FT $1.75 $0.05 $0.00
$4,900 $140 $0 $5,040
MONTHLY OWNERSHIP BENEFITS (ESTIMATED)
TAX BENEFITS Mortgage int. deduction (5yr avg) Operating Exp/CAM deduction Property Tax deduction Depreciation deduction OTHER BENEFITS Rental Income Average Appreciation Total Ownership Benefits
LEASE ASSUMPTIONS Size (Square Feet) Lease rate per sq ft/mnth mod gross Monthly Lease
$1,114 $56 $292 $544
0.0%
$0 $0 $2,005 $3,021
TAX BENEFITS Mortgage int. deduction Operating Exp/CAM deduction Property Tax deduction Lease deduction
n/a $56 $0 $1,960
OTHER BENEFITS Rental Income Average Appreciation Total Lease Benefits
$0 n/a $2,016
TOTAL EFFECTIVE MONTHLY COST: ADDITIONAL BENEFITS OF OWNERSHIP Annual Effective Cost Difference Average Annual Principal Paydown Annual Wealth Creation 15 Year Wealth Creation
$35 $16,463 $16,498 $247,473
$3,024
1161 hird Avenue
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
FINANCING
COMMERCIAL REAL ESTATE FINANCING 1161 Third Avenue, Chula Vista
INPUT PROJECT INFORMATION PROJECT DETAILS Property Purchase Price: Tenant Improvements: Total project amount:
SBA 7A Loan terms: 15 year fixed rate 20 year fixed rate 25 year fixed rate
$795,000 $0 $795,000
Today's Rates 4.35% 4.87% 4.94%
Amort. Years 15 20 25
Today's
Amort.
Rates 4.75% 5.33% 5.40%
Years 20 20 25
4.59% 4.58% Today's Rates 3.75% 4.65% 4.75%
20 20 Amort. Years 30 30 20
SBA 504 1st TD Loan terms: 10 year fixed 20 year fixed 25 year fixed 2nd TD - Per SBA CDC 10 year fixed 20 year fixed
CONVENTIONAL Loan terms: 5 year fixed rate 10 year fixed rate 20 year fixed rate
View Results to the right
SBA 7a
SBA 504
Conventional
Conventional
90% LTV
90% LTV
80% LTV
80% LTV
Total project amount: Down payment:
$795,000 $79,500
$795,000 $79,500
$795,000 $159,000
$795,000 $159,000
Conventional 1st TD amount: CDC/SBA 2nd TD amount: Amort - Lender 1st TD (yrs): Amort - SBA 2nd TD (yrs): Bank Lender Interest Rate:
$715,500 na 25 na 4.94% na
$397,500 $318,000 25 20 5.40% 4.58%
$636,000
$636,000
CDC rate (based on pmt in yrs 1-5):
Bank Lender Monthly Pmt: CDC/SBA monthly pmt:
Total payments:
$4,158 na
$2,417 $2,085
$4,158
$4,502
$0 $0
$0 $1,988
30 na 4.65% na
20 na 4.75% na
$3,279 na
$4,110 na
$3,279
$4,110
Estimated Loan Costs Bank and SBA : Loan documentation fee: Lender loan fee (incl .5% to SBA): Third Party Fees: SBA or SBA/CDC loan fee: Title Insurance/Escrow: Appraisal and review: Environmental: Est 1st TD refi costs, year 10:
$19,140 $3,500 $3,500 $3,000 $0
$9,337 $3,500 $3,500 $3,000 $0
$0 $3,500 $3,500 $3,000 $0
$0 $3,500 $3,500 $3,000 $0
Total Fees:
$29,140
$21,325
$10,250
$10,250
Rates and terms are subject to change. Not a commitment to lend.
$0 $250
$0 $250
1161 hird Avenue
T
DEMOGRAPHICS
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11 THE CITY OF CHULA VISTA | DEMOGRAPHIC STATS & FUN FACTS
CALIFORNIA | SAN DIEGO
32°37’40’N 117°2’53’W
CHULA VISTA
(CHOO - luh - VIHS -tuh)
TRANSLATION | “BEAUTIFUL VIEW”
LANDMARKS
CALIFORNIA
SOUTHBAY REGION IS CONSIDERED ONE OF THE
SLEEP TRAIN AMPHITHEATER SEAWORLD AQUATICA
CHULA VISTA OLYMPIC TRAINING CENTER
POPULATION
265,757
2
nd LARGEST CITY IN SAN DIEGO
14
“THE CITY OF ALLURE”
RICHEST ECONOMIC & CULTURALLY DIVERSE ZONES IN THE UNITED STATES
th LARGEST CITY IN CALIFORNIA
SQUARE MILES
52
7.5 MILES FROM MEXICO BORDER
HEALTHCARE TOP INDUSTRY
AVERAGE HOUSEHOLD INCOME
$67,911
71.9
AVERAGE HIGH
28,687
BACHELOR DEGREE
Hilltop High School
Chula Vista Center
5
Chula Vista High School
San Diego Country Club
805
SITE Castle Park High School
5 KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President | 858.458.3345 [email protected] | Lic. #01405420
Senior Vice President | 858.458.3340 [email protected] | Lic. #00780529
Montgomery High School
Licensed as a Real Estate Broker and Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2017 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
Sharp Chula Vista Medical Center
±2,800 SF OFFICE FOR SALE OR LEASE
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
EXCELLENT OWNER-USER OPPORTUNITY IN CHULA VISTA KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President 858.458.3345 [email protected]
Senior Vice President 858.458.3340 [email protected]
4747 Executive Dr., Suite 800, San Diego, CA 92121
•
858.453.0505
•
858.408.3976 Fax
•
Lic #01991785 | www.voitco.com
1161 hird Avenue
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
PROPERTY FEATURES »» Terrific Owner-User Opportunity »» ±2,800 SF available for sale or lease »» Medical built-out, custom features - perfect for office use, HVAC »» Excellent Parking »» Includes twelve (12) private offices, three (3) restrooms, and one (1) conference room »» Between the 805 & 5 freeway with quick access to both »» 3rd Avenue street visible signage
SALE PRICE: $795,000 ($283.93/SF) LEASE RATE: $1.75 NNN (NNN = $0.25)
KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President | 858.458.3345 [email protected] | Lic. #01405420
Senior Vice President | 858.458.3340 [email protected] | Lic. #00780529
±2,800 SF OFFICE FOR SALE OR LEASE
1161 hird Avenue
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
PROPERTY SITE PLAN
KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President | 858.458.3345 [email protected] | Lic. #01405420
Senior Vice President | 858.458.3340 [email protected] | Lic. #00780529
Licensed as a Real Estate Broker and Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2016 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
FLOOR PLAN
1161 hird Avenue
OWN VS. LEASE ANALYSIS
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11 OWN
LEASE
PURCHASE ASSUMPTIONS Size (Square Feet) Purchase Price plus improvements
2,800 SF $795,000
START-UP COSTS 10% Down Payment
$79,500
Total out of pocket costs
$79,500
MONTHLY COST TO OWN Mortgage payment Operating Exp/CAM Property Taxes Total Monthly Costs
PER SQ FT $1.48 $0.05 $0.26
$4,158 $140 $729 $5,027
MONTHLY OWNERSHIP BENEFITS (ESTIMATED)
TOTAL EFFECTIVE MONTHLY COST:
2,800 SF $1.75 $4,900
START-UP COSTS Prepaid Rent/Security Deposit Improvements Total out of pocket costs MONTHLY COST TO LEASE Lease Payment Operating Exp/CAM Property Taxes Total Monthly Costs
$9,800 $0 $9,800 PER SQ FT $1.75 $0.05 $0.00
$4,900 $140 $0 $5,040
MONTHLY OWNERSHIP BENEFITS (ESTIMATED)
TAX BENEFITS Mortgage int. deduction (5yr avg) Operating Exp/CAM deduction Property Tax deduction Depreciation deduction OTHER BENEFITS Rental Income Average Appreciation Total Ownership Benefits
LEASE ASSUMPTIONS Size (Square Feet) Lease rate per sq ft/mnth mod gross Monthly Lease
$1,114 $56 $292 $544
0.0%
$0 $0 $2,005 $3,021
TAX BENEFITS Mortgage int. deduction Operating Exp/CAM deduction Property Tax deduction Lease deduction
n/a $56 $0 $1,960
OTHER BENEFITS Rental Income Average Appreciation Total Lease Benefits
$0 n/a $2,016
TOTAL EFFECTIVE MONTHLY COST: ADDITIONAL BENEFITS OF OWNERSHIP Annual Effective Cost Difference Average Annual Principal Paydown Annual Wealth Creation 15 Year Wealth Creation
$35 $16,463 $16,498 $247,473
$3,024
1161 hird Avenue
T
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11
FINANCING
COMMERCIAL REAL ESTATE FINANCING 1161 Third Avenue, Chula Vista
INPUT PROJECT INFORMATION PROJECT DETAILS Property Purchase Price: Tenant Improvements: Total project amount:
SBA 7A Loan terms: 15 year fixed rate 20 year fixed rate 25 year fixed rate
$795,000 $0 $795,000
Today's Rates 4.35% 4.87% 4.94%
Amort. Years 15 20 25
Today's
Amort.
Rates 4.75% 5.33% 5.40%
Years 20 20 25
4.59% 4.58% Today's Rates 3.75% 4.65% 4.75%
20 20 Amort. Years 30 30 20
SBA 504 1st TD Loan terms: 10 year fixed 20 year fixed 25 year fixed 2nd TD - Per SBA CDC 10 year fixed 20 year fixed
CONVENTIONAL Loan terms: 5 year fixed rate 10 year fixed rate 20 year fixed rate
View Results to the right
SBA 7a
SBA 504
Conventional
Conventional
90% LTV
90% LTV
80% LTV
80% LTV
Total project amount: Down payment:
$795,000 $79,500
$795,000 $79,500
$795,000 $159,000
$795,000 $159,000
Conventional 1st TD amount: CDC/SBA 2nd TD amount: Amort - Lender 1st TD (yrs): Amort - SBA 2nd TD (yrs): Bank Lender Interest Rate:
$715,500 na 25 na 4.94% na
$397,500 $318,000 25 20 5.40% 4.58%
$636,000
$636,000
CDC rate (based on pmt in yrs 1-5):
Bank Lender Monthly Pmt: CDC/SBA monthly pmt:
Total payments:
$4,158 na
$2,417 $2,085
$4,158
$4,502
$0 $0
$0 $1,988
30 na 4.65% na
20 na 4.75% na
$3,279 na
$4,110 na
$3,279
$4,110
Estimated Loan Costs Bank and SBA : Loan documentation fee: Lender loan fee (incl .5% to SBA): Third Party Fees: SBA or SBA/CDC loan fee: Title Insurance/Escrow: Appraisal and review: Environmental: Est 1st TD refi costs, year 10:
$19,140 $3,500 $3,500 $3,000 $0
$9,337 $3,500 $3,500 $3,000 $0
$0 $3,500 $3,500 $3,000 $0
$0 $3,500 $3,500 $3,000 $0
Total Fees:
$29,140
$21,325
$10,250
$10,250
Rates and terms are subject to change. Not a commitment to lend.
$0 $250
$0 $250
1161 hird Avenue
T
DEMOGRAPHICS
C h u l a V i s t a , C a l i f o r n i a 9 1 9 11 THE CITY OF CHULA VISTA | DEMOGRAPHIC STATS & FUN FACTS
CALIFORNIA | SAN DIEGO
32°37’40’N 117°2’53’W
CHULA VISTA
(CHOO - luh - VIHS -tuh)
TRANSLATION | “BEAUTIFUL VIEW”
LANDMARKS
CALIFORNIA
SOUTHBAY REGION IS CONSIDERED ONE OF THE
SLEEP TRAIN AMPHITHEATER SEAWORLD AQUATICA
CHULA VISTA OLYMPIC TRAINING CENTER
POPULATION
265,757
2
nd LARGEST CITY IN SAN DIEGO
14
“THE CITY OF ALLURE”
RICHEST ECONOMIC & CULTURALLY DIVERSE ZONES IN THE UNITED STATES
th LARGEST CITY IN CALIFORNIA
SQUARE MILES
52
7.5 MILES FROM MEXICO BORDER
HEALTHCARE TOP INDUSTRY
AVERAGE HOUSEHOLD INCOME
$67,911
71.9
AVERAGE HIGH
28,687
BACHELOR DEGREE
Hilltop High School
Chula Vista Center
5
Chula Vista High School
San Diego Country Club
805
SITE Castle Park High School
5 KIPP GSTETTENBAUER, CCIM
ARTHUR BLEIER
Senior Vice President | 858.458.3345 [email protected] | Lic. #01405420
Senior Vice President | 858.458.3340 [email protected] | Lic. #00780529
Montgomery High School
Licensed as a Real Estate Broker and Salespersons by the CA Bur of Real Estate. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2017 Voit Real Estate Services, Inc. All Rights Reserved. Real People. Real Solutions.® is a registered trademark of Voit Real Estate Services.
Sharp Chula Vista Medical Center
