Investment Highlights
Executive Summary
Opportunity to either lease the existing former bank which is ?3,775 SF or ground lease the parcel and replace the existing building.Prime positioning on E Florida Ave a major retail corridor that leads to the 215 FWYLocated on the SWC of E. Florida Ave and Yale Street with visibility to ?26,688 / CPDWithin a 3-mile radius, demographics show a daytime population of 11,745 and an overall population of 66,446 with an average household income in excess of $82,200.Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, Rent-A-Center and morePurchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%. If purchased with 10% down ($139,000), the monthly loan payment is estimated at $8,074/month. After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building is approximately $1.61/SF/month - far less than the cost of leasing.As an owner, one can benefit from the potential appreciation of the asset.SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.
