| Total Bldg Sqft: | 50,000 |
| Leasable Sqft: | 10,000 |
| Year Built: | 1974 |
| Total Bldg Sqft: | 43,114 |
| Leasable Sqft: | 5,236 |
| Year Built: | 1987 |
| Property Description: |
| 2 Separate office spaces for lease at the frontage of this warehouse building. Warehouse space not included in the lease. Located in the heart of City of Industry with immediate access to 60 Freeway via Azusa Ave. Office space on West side of the warehouse measures approx 3,100 sqft. The Office space on East side of the warehouse measure approx 2,136 sqft. |
Features |
| Air Conditioned,Fire Sprinkler System |
| Total Bldg Sqft: | 116,000 |
| Leasable Sqft: | 856 |
| Year Built: | 1982 |
| Property Description: |
| Property address 15268-15300 Proctor.100% leased business park. Three long term stable tenants (nine units total) pride of ownership property two buildings, two parcels. |
Features |
| Air Conditioning,Alley Access,Distribution/Wholesale,Fee Land,Fenced Yard,Fire Sprinkler System,General Office,Ground Level Doors,Professional Office,Security System,Skylights,Truck Dock |
| Gross Schedule Income: | $786,536 | Operating Expense: | $ | Net Operating Income: | $ |
| Total Monthly GSI: | $286,536 | Land: | fee | Parking Space: | 2 |
| Lot Number: | 021 | Tract#: | 033 | ||
| Year Built: | 1961 | Bldg Dimension: |
| Total Bldg Sqft: | 59,353 |
| Leasable Sqft: | 5,099 |
| Year Built: | 2007 |
| Gross Schedule Income: | $57,600 | Operating Expense: | $12,000 | Net Operating Income: | $45,600 |
| Total Monthly GSI: | $4,800 | Land: | fee | Parking Space: | 19 |
| Lot Number: | 155 | Tract#: | 4078 | ||
| Year Built: | 1961 | Bldg Dimension: |
| Price/Sqft: | $.73 |
| Total Bldg Sqft: | 18,000 |
| Leasable Sqft: | 18,000 |
| Year Built: | 1972 |
| Total Bldg Sqft: | 16,784 |
| Leasable Sqft: | 16,784 |
| Year Built: | 1993 |
| Total Bldg Sqft: | 4,500 |
| Leasable Sqft: | 4,500 |
| Year Built: | 1975 |
| Total Bldg Sqft: | 32,578 |
| Leasable Sqft: | 29,726 |
| Year Built: | 1983 |
| Property Type: Industrial Price/Sqft: | $.78 |
| Total Bldg Sqft: | 15,528 |
| Leasable Sqft: | 15,528 |
| Year Built: | 1991 |
| Price/Sqft: | $.72 |
| Total Bldg Sqft: | 61,600 |
| Leasable Sqft: | 15,520 |
| Year Built: | 1975 |
| Parking Space: | 18 |
| Total Bldg Sqft: | 15,600 |
| Leasable Sqft: | 15,600 |
| Year Built: | 1954 |
| Land Dimension: | Land Sqft: | 35,872 | Total Available Sqft: | Parking Space: | 8 | ||
| # of Bldgs: | # of Units: | Constructions: | Metal | Parking Space Desc: | Ons | ||
| Water Source: | Roof: | Me |
| Total Bldg Sqft: | 11,666 |
| Leasable Sqft: | 9,000 |
| Year Built: | 1988 |
| Total Bldg Sqft: | 10,000 |
| Leasable Sqft: | 10,000 |
| Year Built: | 1996 |
| dditional Property Features | ||||||||||||||||
|
| Lot Dimension: | 120 x160 |
| Parcel Size: | .44 Acres |
| 19,200 SqFt |
| Type of Lse: | Nnn | Motivation: | Want: | ||||
| Mnthly Rent: | $7,900 | Lse Deposit: | $22,000 | % Lease: | Lease/Sqft: | ||
| W/Prsnt Own: | AvgCustCount: | Tot Assets: | HowLng Est.: | ||||
| Property Type: | Warehouse |
| Price/Sqft: | $1.00 |
| Total Bldg Sqft: | 9,196 |
| Leasable Sqft: | 9,196 |
| Year Built: | 1986 |
| Total Bldg Sqft: | 3,532 |
| Leasable Sqft: | 3,532 |
| Year Built: | 1982 |
| Property Type: | Retail |
| Price/Sqft: | $1.70 |
| Total Bldg Sqft: | 10,700 |
| Leasable Sqft: | 10,700 |
| Year Built: | 1980 |
| Land Dimension: | Land Sqft: | 63,358 | Total Available Sqft: | 4,500 | Parking Space: | 72 | |
| # of Bldgs: | 2 | # of Units: | Constructions: | Block | Parking Space Desc: | Ons | |
| Water Source: | District | Roof: |
| Property Type: | Office |
| TG Number: | 678J2 |
| Price/Sqft: | $1.00 |
| Total Bldg Sqft: | 9,196 |
| Leasable Sqft: | 9,196 |
| Year Built: | 1986 |
| Land Dimension: | Land Sqft: | Total Available Sqft: | 4,680 | Parking Space: | 10 | ||
| # of Bldgs: | # of Units: | Constructions: | Block | Parking Space Desc: | Gap |
| Total Bldg Sqft: | 43,114 |
| Leasable Sqft: | 5,236 |
| Year Built: | 1987 |
| Land Dimension: | Land Sqft: | 114,563 | Total Available Sqft: | Parking Space: | 10 |
| Price/Sqft: | $2.25 |
| Total Bldg Sqft: | 9,600 |
| Leasable Sqft: | 1,140 |
| Year Built: | 1980 |
| Additional Property Features | ||||||||||||||||
|
| Property Type: | Other/See Remarks |
| TG Number: | 679E4 |
| Price/Sqft: | $2.60 |
| Total Bldg Sqft: | 45,000 |
| Leasable Sqft: | 40,000 |
| Year Built: | 2002 |
| Land Dimension: | Land Sqft: | Total Available Sqft: | 3,510 | Parking Space: | 0 | ||
| # of Bldgs: | # of Units: | Constructions: | Parking Space Desc: | Ons | |||
| Water Source: | Roof: |
LTV = Amount of Loan / Value of Property
The lender will determine an LTV value based on factors such a financial history of the business, credit scores, length of loan, etc. After which, the lender will multiply the LTV by the appraised property value to determine the maximum loan amount that can be given to a borrower.
Amount of Loan = Value of Property * LTV
Clearly, without other considerations the borrower benefits from a higher LTV ratio.
The DSCR approaches the mortgage picture from an entirely different angle than the LTV. Where the LTV determines the loan amount based on the value of the property, the DSCR bases upon the cash flow of the property and/or borrower.
DSCR = Debt Service / Cash flow
The debt service is usually taken as an annual figure that includes both repayment of principle and interest payments for a given year. Cash flow is calculated by taking adding noncash expenses back to net income such as depreciation.
Once again, the lender will use factors such as business credit, industry risk, etc. to call a figure for DSCR. Usually this will be around 1.20. After which, the total debt service is calculated and a total loan amount derived from it.
Debt Service = Cash Flow * DSCR
Without other considerations the borrower can benefit from a lower DSCR ratio, but remember a borrower will usually feel the pain of an under calculated DSCR (Not being able to pay the monthly mortgage!) before that of an LTV.
There are many places now online to apply for commercial mortgages. Some lenders have accept a broad range of proposals while others are niche focused.
