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Neal: I have attached an analysis of 1500 King v. the leased
prospects--1800 Diagonal and 225 Reinekers.
The first box shows the unit at the full asking price but with the parking
thrown in with the asking price (they are trying to make that additional, but
the market says no to that). It also shows conventional financing at 25%
down and 6.5% int rate and a 25 yr am schedule and $10/sf thrown in for
improvements, ie, new paint and carpet, etc..
The next box shows the same thing except at the 90% financing using the 504
program.
The third box shows the same except at a better price--$325/sf.
The last box shows the lease options. Note, the rent will escalate
from here annually.
I have also attached a flyer from the 504 program showing the contact
points. Note the rates etc are out of date. We have no financial
connection with them.
Also, I will be representing you as the buyer's broker on 1500 or the
tenant's broker on the lease space. Thanks.
Richard F.
Lane, Esquire Elkins Lane Realty Advisors Weichert Commercial 121 N. Pitt Street Alexandria, VA 22314 O) 703. 519. 8923 Cell) 703. 626. 6691 Fax: 703.684.3664 (Include a cover sheet addressed to me) Email: ricklane31@aol.com |
Attachment:
504ClientFlyer1107.pdf
Description: Adobe PDF document
Attachment:
Puckettfaraj.xls
Description: Binary data