FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY...

FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY CLASS A OFFICE

Half Moon Bay Office Building

Building Highlights> ±5,800 Square Foot Class A Office Building

> ±27,000 Square Foot Lot

> Modern Plug & Play Space

> High-End Furnishings Included

> Green Office Building with Solar Panels

> Abundant Natural Light

> ±10’-15’ Ceiling Height with Sky Lights

> New LED Lighting Throughout

> Private Offices, a Conference Room & Kitchen

> ADA Compliant

> Large Private Parking Lot

> Walking Distance to Downtown Amenities

> A “Very Walkable” Walk Score of 71

> Less than 1 Mile to Half Moon Bay State Beach

> Zoned C-R: Medical, Office, School

> SBA Loan Approved & Seller Financing Available

Walk Score

71

SAN MATEO

13 MILES

TO BEACH< 1 MILE

RYAN YOUNG +1 650 486 2229 [email protected] CA License No. 01947604

CRAIG WALSH +1 650 486 2230 [email protected] CA License No. 00896189

700MONTE VISTA LANEHALF MOON BAY, CA SALE PRICE > $2,800,000

LEASE PRICE > $2.50 PSF NNN



COLLIERS INTERNATIONAL203 Redwood Shores ParkwaySuite 125Redwood City, CA 94065colliers.com/redwoodcity

For more information, contact:

700MONTE VISTA LANEHALF MOON BAY, CA



FLOOR PLAN > ±5,800 SF Building on a ±27,000 SF Lot

> Modern Plug & Play Office

> Green Office Building

> Commercial Solar Panels

> Double Pane Windows

> ±10’-15’ Clear Height

> ADA Compliant

> Large Private Parking Lot

> Available for Sale or Lease

> SBA Loan Approved








> Class A Office Building

> Abundant Natural Light

> Plenty of Windows & Sky Lights

> Fully Furnished Space

> High-End Furnishings Included

> Large Conference Room

> Private Offices & Workstations

> Home-Style Kitchen

> New LED Lighting Throughout







Half Moon Bay Office BuildingPrepared for Craig Walsh, Colliers InternationalSBA 504 Owner-User 90% Finanancing as of 05/31/17

700 Monta Vista Lane, Half Moon Bay, CA 940195,800 Square Foot Commercial Building

Purchase Price $483 psf $ 2,800,000Tenant Improvements $0 psf 0SBA Fees (2.15% financed by CDC, inc. in loan amt.)** 25,000SBA Legal Fee 2,000Bank Loan Fee 1.00% of Bank Loan 14,000Estimated appraisal, environmental report, escrow & title 7,000Project Cost $ 2,848,000

Down Payment 10% of Purchase Price $ 280,000Bank Loan Fee & Closing Costs 23,000

Total Borrower Costs $ 303,000Bank Loan* 1,400,000SBA 504 Loan** 1,145,000

$ 2,848,000Monthly Costs Year 1 Bank (Principal & Interest) $ 8,389 SBA (Principal & Interest) 7,343 Property Taxes 1.125% of FMV 2,625 Insurance 292Total Monthly Payment $ 18,649

Before Tax Cost of Ownership $ 3.22 psf for entire bldg.

Monthly Ownership Benefits Year 1 Interest Deduction (40% Tax Bracket)*** (4,181) Depreciation (40% Tax Bracket)*** (1,556)Total Adjusted Monthly Costs $ 12,912After Tax Cost of Ownership**** $ 2.23 psf for entire bldg.

90% SBA FinancingFinancing Package Loan Size Term Rate TypeBank Loan $1,400,000 25 Yr Amort, 20 Yr Term 5.25% Fixed for 20SBA 504 Loan $1,145,000 20 Years 4.66% Fixed for 20

* Bank Loan has a pre-payment penalty for the first ten years.** SBA 504 Loan has a pre-payment penalty for the first ten years.*** This analysis assumes that the buyer is in a 40% annual income tax bracket.**** Please consult your accountant and real estate professional regarding your actual after-tax benefits.

Broker : Banker :Craig Walsh Neil SantiagoColliers International Heritage Bank of Commerce650.486.2230 [email protected] [email protected]

member FDIC Equal Housing Lender

SBA 504 OWNER-USER LOAN > 90% Financing

HMB STATE BEACH

Half Moon Bay

SAN MATEO

13 MILE

S

SAN FRANCISCO29 MILES

TO BEACH< 1 MILE

AMENITIESFOOD & DRINKSARK North Indian GrillBarterra WineryMoonside Bakery & CafeMain Street GrillNano’s Yogurt ShackCafe CapistranoSpanishtown MexicanSpice Me ThaiHalf Moon Bay BakeryIt’s ItaliaSushi Main StreetChez SheaSan Benito HouseFish ‘n FritesPasta MoonRomesco Bistro & TapasSacrilege Brewery + KitchenMercado RestaurantDad’s LuncheonetteTaqueria Tres AmigosTaqueria La MexicanaHalf Moon Bay CoffeeSeville TapasOld Princeton LandingJersey Joe’s CoastsidePeet’s CoffeeDunkin’ DonutsBurger KingRound Table PizzaStarbucksCafe SocietySubwayMcDonald’sTaco Bell

Raman’s Coffee & ChaiJoe’sMullins Bar & GrillNavioThe Ocean TerraceCameron’s PubVIA UNO Cucina Italiana & BarThe BarnMiramar BeachHop Dogma Brewing Co.Sam’s Chowder HouseIndia BeachCaffé MezzalunaSpicoli PizzaHalf Moon Bay Brewing Co.Barbara’s FishtrapMezzaluna Italian Restaurant

MARKETSSafewayNew Leaf Community MarketsHalf Moon Bay Fish MarketHarbor VillageCunha’s Country StoreAndreotti Family FarmOrlando’s Placita MarketMercado Mi FamiliaEl Granada General StoreSpangler’s Market




FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY...

Documents

Transcript of FOR SALE OR LEASE > ±5,800 SF PLUG & PLAY...