2483-2495 Washington Avenue, San Leandro RC Flyer 4 15 2020€¦ · Excellent Owner/User...

Industrial Condos For Sale Excellent Owner/User Opportunities and/or Investments2483-2495 Washington Avenue, San Leandro, CA.

PROPERTY HIGHLIGHTS:

• Rare Industrial Owner/User Opportunities• SBA Financing Available - Up to 90% Financing on Owner Occupied Units• Quasi-Retail Uses Allowed• Industrial Park Zoning (Assembly Use) - See Attached Allowed Uses• Great Street Visibility• Immediate Proximity to Highways 580 & 880• Fully Fire Sprinklered• Each Unit with Grade Level Truck Door• Six (6) Units Currently Leased and One (1) Unit Vacant (Also Available For Lease)• Approximate Delivery: Q2, 2021

BRIAN COSTELLOVice President+1 [email protected] License No. 01914680

JANA GLUCKMANVice President+1 [email protected] License No. 00693034

The information contained herein has been obtained from sources we deemed reliable. We cannot, however, assume responsibility for its accuracy.

Please Contact Exclusive Agents:

Sizes Ranging From ±4,350 to ±14,000 Square Feet

NEW LISTING !

W A S H I N G T O N A V E N U E

AVAILABLE CONDO UNITS:

2483-2495 Washington Avenue, San Leandro, CA.

Sizes Ranging From ±4,350 to ±14,000 Square Feet

Unit +-Size (SF) Price Price PSF 2483 14,000 $2,800,000 $200

2485 6,824 $1,603,640 $235

2487 5,854 $1,375,690 $235

2489 4,600 $1,081,000 $235

2491 5,002 $1,175,470 $235

2493 4,350 $1,022,250 $235

2495** 4,410 $1,236,350 $280

**Unit 2495 contains yard space





Industrial Condos For Sale Excellent Owner/User Opportunities and/or Investments2483-2495 Washington Avenue, San Leandro, CA. AERIAL MAP





FLOORPLAN

A2,495

B2,493

C2,491

D2,489

E2,487

F2,485

G2,483

.Industrial Condos For Sale Excellent Owner/User Opportunities and/or Investments2483-2495 Washington Avenue, San Leandro, CA.

Industrial Condos For Sale Excellent Owner/User Opportunities and/or Investments2483-2495 Washington Avenue, San Leandro, CA.




MAP

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580I N T E R S T A T E

C A L I F O R N I A

880

2-716 IP(AU) District - Use Regulations ZONING

A. IP(AU) District—Permitted Uses.

The following uses are allowed in the IP(AU) District, and a conditional use permit is not required. (Certain uses are subject to special requirements and/or limitations, as prescribed following the individual use classification.) In the “S” Overlay District, permitted uses may require a conditional use permit if not regional retail, new auto sales, or other compatible regional market use.

1. Accessory uses, other than entertainment events, when in conjunction with a permitted use.

2. Adult-Oriented Business. (Subject to the requirements and limitations prescribed in Section 4-1683: Adult-Oriented Business Regulations.)

3. Ambulance Services, Emergency. (If the proposed use is located within one thousand (1,000) feet of either an R District or the boundaries of a site occupied by a public or private school or park and recreation facility, a conditional use permit shall be required.)

4. Ambulance Service, Non-Emergency. (An Administrative Review approval is required if located within one thousand (1,000) feet of an R District or the boundaries of a site occupied by a public or private school or park and recreation facility.)

5. Artist’s Studios.

6. Building Materials and Services. (Permitted if the proposed use is within an enclosed structure.)

7. Business Services.

8. Business and Trade Schools.

9. Catering Services.

10. Communication Facilities.

11. Equipment Sales.

12. Food Processing, Limited.

13. Financial Institutions, Retail.

14. Health and Fitness Centers.

15. Home Improvement and Interior Decoration.

16. Industry, Custom.

17. Industry, Limited.

18. Industry, Research and Development.

19. Laboratories.

20. Maintenance and Repair Services.

21. Medical Supply Stores.

22. Offices, Business and Professional. (The conversion of an industrial use to an office use is subject to the minimum off-street parking requirements of Section 4-1704; as prescribed for changes of use by Subsections 4-1702. A.1 and 2.)

23. Parcel Processing and Shipping Centers. (If the proposed use is to occupy thirty thousand (30,000) square feet or more, in a building constructed after August 15, 2001, Administrative Review is required, per Subsection C.11 below.)

24. Park and Recreational Facilities.

25. Pre-Existing Residential Uses. (These residential uses shall be allowed to remain and shall not be considered nonconforming uses, but no new uses shall be established.)

26. Retail Sales, Big Box.

27. Retail Services. (As a secondary use in a building.)

28. Telecommunications, Architecturally-Integrated Antennas and/or Co-Locations on Existing Tower Structures. (Subject to the regulations of Section 4-1686: Wireless Telecommunications Facilities.)

29. Utilities, Minor.

30. Vehicle/Heavy Equipment Dealers, New.

31. Warehouse—Storage Facilities. (If an existing building will be expanded ten thousand (10,000) square feet or more to accommodate this use, or if a new building of any size is proposed to accommodate this use, a conditional use permit is required, per Subsection B.24 below.)

32. Warehouse—Wholesale/Retail Distribution Facilities. (Permitted if the proposed use is within an enclosed structure, is utilizing an existing building or continuing an existing use. If an existing building will be expanded ten thousand (10,000) square feet or more to accommodate this use, or if a new building of any size is proposed to accommodate this use, a conditional use permit is required, per Subsection B.25 below.)





TENTATIVE MAP

Up to 90% Financing on owner-occupied Commercial Real Estate with BRIDGE BANK and the SBA

Proposed SBA 504 Loan as of 03/04/20 SBA 5042485 Washington Ave. San Leandro6,824 Square Foot Commercial Condo

Purchase Price $235 psf $ 1,603,640CDC Fees (2.65% financed by CDC) 18,000CDC Preparation Fee 2,000Bank Loan Fee 12,027Estimated appraisal, escrow, title 15,000Project Cost $ 1,650,667

Borrower Costs $ 189,391Bank Loan 801,820SBA 504 Loan 659,456

$ 1,650,667

Monthly Payment (Bank) $ 4,325Monthly Payment (SBA) 3,304Combined Monthly Payment $ 7,629

Monthly Occupancy Cost (P+I) $ 1.12 per square foot

Rate (Bank) 4.15% fixed for five yearsRate (SBA) 3.46% fixed

Term (Bank) 10 years, 25 year amortizationTerm (SBA) 25 years, fully amortized

Bank Loan has a pre-payment penalty for the first five years of the loan.

SBA 504 Loan has a pre-payment penalty for the first ten years of the loan.

· Borrower costs include down payment of 10% of purchase price plus CDC Preparation Fee, Bank Loan Fee, and estimated closingcosts.

· Bank rate is typical for loans offered in conjunction with SBA 504 loans. Other rate options available. Rate may be different based onqualifications and financial strength of applicant. SBA 504 rate based on most recent debenture sale.

· Available to qualified applicants that meet SBA eligibility requirements. The above figures are for information purposes only and aresubject to change.

· Bank and SBA loan commitment will only be offered subject to applicant meeting all Bank and SBA conditions and requirements.

Broker : Bank :Brian Costello Ken ManninaRitchie Commercial Bridge [email protected] [email protected]

member FDIC Equal Housing Lender

408.556.8336

34 W. SANTA CLARA STREET, SAN JOSE, CA 95113DRE # 01209214 | www.ritc

1 408.971.2700 f 1 408.971.1600hiecommercial.com

San Francisco | San Jose | Walnut Creek

CONFIDENTIALITY & DISCLAIMER





All information herein distributed by Ritchie Commercial is intended to be viewed only by the parties

specifically targeted by Ritchie Commercial. The investment package should not be made available to any

other parties unless first verified, in writing by a Non-Disclosure Agreement by Ritchie Commercial. The

Investment Offering is prepared to provide a summary of information to prospective purchasers, and to

establish only a preliminary level of interest in the subject property. The information contained herein is not

a substitute for thorough due diligence investigation. Ritchie Commercial has not made any investigation,

and makes no warranty or representation, with respect to the income or expenses for the subject property,

the future projected financial improvements, the presence or absence of contaminating substances, PCB’s

or asbestos, the compliance with State and Federal regulations, the physical condition of improvements

thereon, nor the financial condition or business prospects of any tenant, or any tenant's plans or intentions

to continue its occupancy of the subject property. The information contained in this investment offering has

been obtained from sources Ritchie Commercial deems reliable, however, Ritchie Commercial has not

verified and will not verify any of the information contained herein. Ritchie Commercial has not conducted

any investigations regarding these matters and makes no warranty or representation whatsoever regarding

the accuracy of completeness of the information provided. All potential buyers must take the appropriate

measures to verify all of the information which is stated herein.

2483-2495 Washington Avenue, San Leandro RC Flyer 4 15 2020€¦ · Excellent Owner/User...

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