Totem Lake Industrial Building BS.pub
For Sale
Totem Lake Industrial Building 13513 NE 126th Place, Kirkland
Building Features 53,225 total SF building on 2.45 acres (106,722 SF) - 45,325 SF footprint, 7,900 SF of mezzanine office/storage & ~20,000 SF of 1st floor office space Zoned TL7 (City of Kirkland) Concrete-tilt construction & built in 1986 3 DH & 3 GL doors & 17’-20’ clear height 2,000 amps of 480-volt, 3-phase power Excellent Eastside location with easy freeway access Ideal facility for indoor recreation, school/vocational training, manufacturing of all types or food/beverage production 69 parking stalls Multi-tenant potential 2012 Property Taxes: $75,306 Current Gross Income: $58,665; cell tower and two month-to-month tenants Asking Price: $4,395,000 - $82.57 PSF on rentable SF or $99.88 PSF on the footprint
For More Information Contact: Bob Swain, CCIM direct 425 586 5622 [email protected] 11235 SE 6th Street, Suite 130 Bellevue WA 98004 425 586 5600 phone 425 455 9138 fax www.nai-psp.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Totem Lake Industrial Building BS 0619
Tamir Ohayon direct 425 586 5627 [email protected] John Vernon direct 425 586 5638 [email protected]
Site Plan
DH Loading GL Loading
Owner-User Scenario 51% Owner Occupancy Required
SBA 504 Loan (fixed) Terms: 50%
Bank 1st loan, fixed for 5 years. 25 year am. Due in 10 years: $2,197,500
40%
SBA 2nd loan, fixed 20 years, 20 year am:
$1,758,000
10%
Down Payment:
$ 439,500
Investment Scenario Pro-forma Income SF
Rate psf/mo
NOI
Shell
45,325
$0.50
$271,950.00
Office (27%)
12,000
$0.75
$108,000.00
Monthly Payments Bank 1st loan @ 4.93%
$
12,757
Total NOI
$ 379,950
SBA 2nd loan @ 4.45%
$
11,075
6% vac/res
-$
Total Loan Payment
$
23,831
Adjusted NOI
$ 357,153
Asking Price
$4,395,000
22,797
Down Payment $1,538,250
SBA 7A Loan (variable)
5.50%
8% Cap 35% 25 year am
90%
Variable
$3,955,550
Interest Rate Cash on Cash Year 1 10 year IRR
10%
Down Payment
$ 439,500
* numbers do not include lease up costs
Terms:
Monthly Payments Total @ 4.25%
$
21,428
10 year term
8% 14.95%
2.5% annual rent increases
Totem Lake Industrial Building 13513 NE 126th Place, Kirkland
Building Features 53,225 total SF building on 2.45 acres (106,722 SF) - 45,325 SF footprint, 7,900 SF of mezzanine office/storage & ~20,000 SF of 1st floor office space Zoned TL7 (City of Kirkland) Concrete-tilt construction & built in 1986 3 DH & 3 GL doors & 17’-20’ clear height 2,000 amps of 480-volt, 3-phase power Excellent Eastside location with easy freeway access Ideal facility for indoor recreation, school/vocational training, manufacturing of all types or food/beverage production 69 parking stalls Multi-tenant potential 2012 Property Taxes: $75,306 Current Gross Income: $58,665; cell tower and two month-to-month tenants Asking Price: $4,395,000 - $82.57 PSF on rentable SF or $99.88 PSF on the footprint
For More Information Contact: Bob Swain, CCIM direct 425 586 5622 [email protected] 11235 SE 6th Street, Suite 130 Bellevue WA 98004 425 586 5600 phone 425 455 9138 fax www.nai-psp.com The information contained herein has been given to us by the owner of the property or other sources we deem reliable, we have no reason to doubt its accuracy, but we do not guarantee it. All information should be verified prior to purchase or lease. Totem Lake Industrial Building BS 0619
Tamir Ohayon direct 425 586 5627 [email protected] John Vernon direct 425 586 5638 [email protected]
Site Plan
DH Loading GL Loading
Owner-User Scenario 51% Owner Occupancy Required
SBA 504 Loan (fixed) Terms: 50%
Bank 1st loan, fixed for 5 years. 25 year am. Due in 10 years: $2,197,500
40%
SBA 2nd loan, fixed 20 years, 20 year am:
$1,758,000
10%
Down Payment:
$ 439,500
Investment Scenario Pro-forma Income SF
Rate psf/mo
NOI
Shell
45,325
$0.50
$271,950.00
Office (27%)
12,000
$0.75
$108,000.00
Monthly Payments Bank 1st loan @ 4.93%
$
12,757
Total NOI
$ 379,950
SBA 2nd loan @ 4.45%
$
11,075
6% vac/res
-$
Total Loan Payment
$
23,831
Adjusted NOI
$ 357,153
Asking Price
$4,395,000
22,797
Down Payment $1,538,250
SBA 7A Loan (variable)
5.50%
8% Cap 35% 25 year am
90%
Variable
$3,955,550
Interest Rate Cash on Cash Year 1 10 year IRR
10%
Down Payment
$ 439,500
* numbers do not include lease up costs
Terms:
Monthly Payments Total @ 4.25%
$
21,428
10 year term
8% 14.95%
2.5% annual rent increases
