Listed by Voit Real Estate Services Voit Irvine
Unpriced
Lakeside Business Center
Details
Property Type Industrial
Sub Type Warehouse
Ceiling Height 16'
Industrial
Marketing description
Excellent South County market location, immediate freeway access, nearby restaurants, entertainment options and future developments.
Financing is available to qualified borrowers for up to 90% of the cost of buying and customizing owner-occupied business condominiums at Lakeside Business Center through SBA loans and up to 85% of a unit’s value from private banks.
Under the SBA 504 program, a business owner makes a down payment of 10% of the value of the unit, including any expected costs of customization, and borrows up to 50% of the value from a bank and 40% of the value from SBA. The amount of monthly payments can be fixed for up to 25 years.
SBA 7(A) program loans funds up to 90% of the value of owner-occupied business real estate, customization, and equipment at adjustable rates with payments amortized over 25-year terms.
Investment highlights
- All units have seperate building signage space, electric meters, HVAC units and restrooms
- Warehouse units have grade level loading doors and 16’ clear height
- Commercial condominium units have their own parcel numbers, and buyers own their units in fee simple.
- Owners can refinance, rent out, or sell their units at any time.
- All units are customizable to support your business and investment.
- Control of their business facilities
- Protection from rent increases
- Favorable financing at low, fixed rates
- Valuable tax deductions
- Equity growth by paying down their mortages, instead of a landlord’s
- Potential appreciation in the strong California real estate market
- Maintain the quality and value of their property and control their operating costs through their owner’s associations and professional property managers
Listing Contacts
Listed by Voit Real Estate Services Voit Irvine
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