$3,795,000 ($196/sf) ±19,400 square feet · 2020-06-04 · 17 paul drive, san rafael legend sba...
TRANSCRIPT
$3,795,000 ($196/SF)
±19,400 Square Feet
• Owner willing to lease back the building for $1.25/SF for a minimum of 12 months after COE
• Under Appraised Value
Paul Drive | San Rafael | CA17
JERRY SUYDERHOUDSenior Managing Director [email protected] 415.526.7660 CA RE LIC #00633998
1101 Fifth Avenue, Suite 230, San Rafael, CA 94901 415.526.7676 ngkf.com
FOR SALEOWNER/USER-OFFICE/ LIGHT INDUSTRIALOPPORTUNITY
17 Paul Drive, San Rafael, CA
property description
17 Paul Drive is home to a Mercedes Benz automobile repair and restoration business, with auto parts storage and sales of older cars. The current owner/occupant has a Use Permit for this use. Previously, the building was used as a print shop, Broderbund Software Company offices, and Fireman’s Fund offices.
• SBA cost of ownership approximately $1.25/SF
• Northgate Industrial Park
• Concrete tilt-up
• Zoned LI/O: light industrial office
• APN 155-161-28
• ±19,400 SF of improvements
• ±11,600 SF on ground floor, including ±3,500 SF of warehouse with 18’ clear height
• ±7,800 SF on second floor
• Additional mezzanine storage space
• Approximately 30,000 SF of land
• Clean Phase I report
17 Paul Drive, San Rafael, CA
• Three 12’ x 14’ roll-up doors, two are electric
• Two 17’ x 8’ electric roll-up doors
• 41 on-site parking spaces
• Built in 1968
• 1000 AMP service
property highlights
17 Paul Drive, San Rafael, CA
1st Floor
2nd Floor
Paul Drive
±7,800 SF
±11,600 SF including
±3,500 SF of warehouse
site map
17 Paul Drive, San Rafael, CAassessor’s parcel map
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655-657 E. Blithedale Avenue Mill Valley
Waiting for new aerial and legend of nearby tenants to be here.
Marin CountyCivic Center
LEGEND
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1mi 3mi 5miDemographics (2018)
Population
Est. Avg Household Income
10,520 58,598 136,101
$78,926 $98,743 $99,120
MANUEL T FREITAS PKWY
NORTH
GATE
DR
CIVIC CENTER DR
MERRYDALE RD N SAN PEDRO RD
ESMEYER DR
SMITH RANCH DR
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DEL GANADO RD
17 Paul Drive, San Rafael
Legend
sba proposed financing
17 Paul Drive, San Rafael, CA655-657 E. Blithedale Avenue Mill Valleysba proposed financing
SBA 504 loan scenario(90% Loan to Value)
Project Amount: $3,795,000
First loan amount: $1,897,000
Rich Stefani (408) 887-0545 [email protected]
10% Down Payment, Close in 60 to 75 daysTwenty five year fully amortized SBA 504 second loan Ten Year Prepayment Schedule for 2nd loan.
SBA loan amount: $1,518,000
Amortized: bank 1st DOT 25 yrs
Amortized: SBA 2nd 25 yrs
Bank interest rate** 4.500% $10,544 Mo.
SBA 504 interest rate: 2.750% $7,188 Mo.
Monthly payment: $17,732
Cash down payment $379,500
Estimated Cost Summary Bank & SBA:
Bank loan fee $28,455
SBA 504 loan fee (Financed by SBA) $40,227
Out of pocket costs*:
Title Insurance $2,000
Appraisal $5,000
Environmental $2,500
Filing/Misc $500
Legal $2,000
Total Fees: $80,682
Total cash out-of-pocket (Down & Fees) $419,955FINANCING AVAILABLE
Please call for current rates. This flyer is for information purposes only and does not represent a commitment to lend.
Corporate Office: 24422 Avenida De La Carlota, Suite 232, Laguna Hills, CA 92653 • Copyright © 2019 Harvest • All Rights Reserved Loans made or arranged Pursuant to California Finance Lenders law license number 60DBO-53525.
SBA 504 Sample Loan
17 Paul Drive, San Rafael
The distributor of this communication is performing acts for which a real estate license is required. The in-formation contained herein has been obtained from sources deemed reliable but has not been verified and no guarantee, warranty or representation, either express or implied, is made with respect to such informa-tion. Terms of sale or lease and availability are subject to change or withdrawal without notice. 05/2020
Jerry SuyderhoudSenior Managing Director [email protected] 415.526.7660 CA RE LIC #006339981101 Fifth Avenue, Suite 230, San Rafael, CA 94901 415.526.7676 ngkf.com