Stevens Norris&
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C RI
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SALE/LEASE | 7025 N. Lombard St., Portland, OR 97203
Office Building
E UC
D
RE
FEATURES - MOTIVATED OWNER!
St. Johns Bridge
On-site Parking Great Divisibility Well-maintained Excellent Glass Line
olum
NL
om
LEASE RATE
NC
bar
bia
Blvd
.
dS
t.
$9.00/SF NNN to $12.00/SF/Year MG
SALE PRICE
$690,000
Norris& Stevens
$640,000
621 SW Morrison St., Ste. 800 Portland, OR 97205 503.223.3171 | norris-stevens.com
More Information • Property Tour | Please Contact:
Roger Lorenze |[email protected] | 503.225.8455 Andrew Bean |[email protected] | 503.225.8443
SALE/LEASE | 7025 N. Lombard St., Portland, OR 97203
Office Building
1st FLOOR
AVAILABLE ± 570 SF
AVAILABLE ± 1,980 SF
2nd FLOOR
FULL FLOOR AVAILABLE ± 3,375
Norris& Stevens
More Information • Property Tour | Please Contact:
621 SW Morrison St., Ste. 800 Portland, OR 97205 503.223.3171 | norris-stevens.com
Roger Lorenze |[email protected] | 503.225.8455 Andrew Bean |[email protected] | 503.225.8443
Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
SALE/LEASE | 7025 N. Lombard St., Portland, OR 97203
Office Building
OWN VS. LEASE ANALYSIS
ASSUMPTIONS Size (sf) Price/sf Lease/sf per month
6,555 $97.63 $1.00
$640,000 $6,555
Estimated Loan Terms: $320,000 Bank loan amount 6.50% Bank interest rate - adjustment period negotiable** 300 Bank amortization $256,000 SBA loan amount 5.90% SBA interest rate - fixed for 20 year term** 240 SBA amortization Tax bracket Annual property tax
40% $7,110
OWN
LEASE
Move in Costs
Move in Costs
Down payment (10%) Estimated loan fees/costs TOTAL
$64,000 $5,760 $69,760
Monthly Costs
Prepaid Rent Security Deposit
$6,555 $6,555 $13,110
TOTAL
Monthly Costs
Mortgage Payment Property Taxes Other operating costs TOTAL
$3,980 $593 $1,865 $6,437
Estimated tax benefits (monthly)
$6,555
TOTAL
$6,555
Estimated Tax Benefits (monthly)
Depreciation benefit Interest deduction (7 yr avg.) Property tax deduction Operating cost deduction Subtotal Other Ownership Benefits Avg. appreciation Rental Income
Lease Payment Estimated Expenses
$547 $1,107 $237 $746 $2,637 0.025
TOTAL
Effective monthly cost OWN
n/a
$1,333
Lease deduction
Other Lease Benefits Sublease Income
$3,970
$2,467
$2,622
n/a TOTAL
Effective monthly cost LEASE
Ownership Analysis Summary Effective annual cost differential Annual Principal Paydown (7 yr avg) ANNUAL WEALTH CREATION
$17,591 $15,160 $32,751
NOTE: Tax benefits vary depending upon individual circumstances. Consult a tax advisor for specifics.
$2,622
$3,933
E
C RI
P
SALE/LEASE | 7025 N. Lombard St., Portland, OR 97203
Office Building
E UC
D
RE
FEATURES - MOTIVATED OWNER!
St. Johns Bridge
On-site Parking Great Divisibility Well-maintained Excellent Glass Line
olum
NL
om
LEASE RATE
NC
bar
bia
Blvd
.
dS
t.
$9.00/SF NNN to $12.00/SF/Year MG
SALE PRICE
$690,000
Norris& Stevens
$640,000
621 SW Morrison St., Ste. 800 Portland, OR 97205 503.223.3171 | norris-stevens.com
More Information • Property Tour | Please Contact:
Roger Lorenze |[email protected] | 503.225.8455 Andrew Bean |[email protected] | 503.225.8443
SALE/LEASE | 7025 N. Lombard St., Portland, OR 97203
Office Building
1st FLOOR
AVAILABLE ± 570 SF
AVAILABLE ± 1,980 SF
2nd FLOOR
FULL FLOOR AVAILABLE ± 3,375
Norris& Stevens
More Information • Property Tour | Please Contact:
621 SW Morrison St., Ste. 800 Portland, OR 97205 503.223.3171 | norris-stevens.com
Roger Lorenze |[email protected] | 503.225.8455 Andrew Bean |[email protected] | 503.225.8443
Information contained herein has been obtained from others and considered to be reliable; however, a prospective purchaser or lessee is expected to verify all information to his/her own satisfaction.
SALE/LEASE | 7025 N. Lombard St., Portland, OR 97203
Office Building
OWN VS. LEASE ANALYSIS
ASSUMPTIONS Size (sf) Price/sf Lease/sf per month
6,555 $97.63 $1.00
$640,000 $6,555
Estimated Loan Terms: $320,000 Bank loan amount 6.50% Bank interest rate - adjustment period negotiable** 300 Bank amortization $256,000 SBA loan amount 5.90% SBA interest rate - fixed for 20 year term** 240 SBA amortization Tax bracket Annual property tax
40% $7,110
OWN
LEASE
Move in Costs
Move in Costs
Down payment (10%) Estimated loan fees/costs TOTAL
$64,000 $5,760 $69,760
Monthly Costs
Prepaid Rent Security Deposit
$6,555 $6,555 $13,110
TOTAL
Monthly Costs
Mortgage Payment Property Taxes Other operating costs TOTAL
$3,980 $593 $1,865 $6,437
Estimated tax benefits (monthly)
$6,555
TOTAL
$6,555
Estimated Tax Benefits (monthly)
Depreciation benefit Interest deduction (7 yr avg.) Property tax deduction Operating cost deduction Subtotal Other Ownership Benefits Avg. appreciation Rental Income
Lease Payment Estimated Expenses
$547 $1,107 $237 $746 $2,637 0.025
TOTAL
Effective monthly cost OWN
n/a
$1,333
Lease deduction
Other Lease Benefits Sublease Income
$3,970
$2,467
$2,622
n/a TOTAL
Effective monthly cost LEASE
Ownership Analysis Summary Effective annual cost differential Annual Principal Paydown (7 yr avg) ANNUAL WEALTH CREATION
$17,591 $15,160 $32,751
NOTE: Tax benefits vary depending upon individual circumstances. Consult a tax advisor for specifics.
$2,622
$3,933
