KIPP GSTETTENBAUER, CCIMSenior Vice President | Lic. #01405420858.458.3345 | [email protected]
RYAN KING, CCIMSenior Vice President | Lic. #01885401858.458.3322 | [email protected]
6,000 SF INDUSTRIAL/
SERVICE BUILDING
AVAIL ABLE FOR SALE
1521COOLIDGE AVENUE
N A T I O N A L C I T Y, C A 9 1 9 5 0
CO O L I D G E AV E N U E
W. 1
5TH STREET
W. 16TH
STREET
CLOSE BY SEPTEMBER 27, 2020?6-MONTHS MORTGAGE PAYMENT WAIVED!
PROPERT Y HIGHLIGHTS » Excellent Industrial/Service Building Available
For Sale
» Direct Proximity to Interstate 5
» Walking Distance to Multiple Retailers in the Area
» Fenced Lot with Parking
6,000 SFTOTAL BUILDING SIZE
7,498 SFLOT SIZE
560-066-03APN
6PARKING SPACES
PROPERT Y INFORMATION
SALE PRICE: $1 ,200,000 ($200/SF)
CO O L I D G E AV E N U E
W. 15TH
STREET
W. 16T H S T R E E T
D E M O G R A P H I C S
POPULATION 1 MILE 3 MILE 5 MILE
2019 Total Population: 26,132 174,392 450,639
2024 Population: 27,340 177,744 463,997
Pop Growth 2019-2024: 4.62% 1.92% 2.96%
HOUSEHOLDS 1 MILE 3 MILE 5 MILE
2019 Total Households: 6,472 47,307 146,231
HH Growth 2019-2024: 5.33% 2.02% 3.48%
Median Household Inc: $34,683 $42,377 $53,727
Median Home Value: $350,186 $368,495 $422,808
TRAFFIC COUNTS (CARS PER DAY)
1,275 CPDCoolidge Avenue
17,176 CPDNational City Blvd
1,496 CPDRoosevelt Avenue
4180 La Jolla Village Drive, Suite 100, La Jolla, CA 92037 | 858.453.0505 | 858.408.3976 Fax | Lic. #01991785 | www.voitco.com
Licensed as Real Estate Brokers by the DRE. The information contained herein has been obtained from sources we deem reliable. While we have no reason to doubt its accuracy, we do not guarantee it. ©2020 Voit Real Estate Services, Inc.
KIPP GSTETTENBAUER, CCIMSenior Vice President | Lic. #01405420858.458.3345 | [email protected]
RYAN KING, CCIMSenior Vice President | Lic. #01885401858.458.3322 | [email protected]
San DiegoNaval Air Station
San DiegoNaval Air Station
San DiegoAcademySan DiegoAcademy
National CityGolf CourseNational CityGolf Course
Plaza BontaShopping Center
Plaza BontaShopping Center
Sweetwater PlazaShopping Center West
Sweetwater PlazaShopping Center West
5
MorMor
5
15
805
54
805
75
San DiegoBay
Sweetwater UnionHigh School
Sweetwater UnionHigh School
6,00
0
Purc
hase
Pri
ce:
$1,2
00,0
00
TI C
osts
, if a
ny:
$0
Proj
ect T
otal
:$1
,200
,000
Bank
Por
tion
CDC
Port
ion
Tota
l
Loan
Am
ount
$610
,800
$480
,000
$1,0
90,8
00$1
,104
,000
$900
,000
Fees
Fin
ance
d$1
0,32
0$1
0,32
0M
atur
ity20
2525
10In
tere
st R
ate*
3.15
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88%
3.03
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45%
3.50
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te S
truct
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Fixe
d fo
r 20
year
sFi
xed
Fixe
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yrs
Fixe
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r 10
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s Am
ortiz
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2525
25Pr
epay
men
t pen
alty
5,4,
3,2,
1%10
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5,3,
1%10
yr d
eclin
ing
$2,6
47$2
,316
$4,9
63$5
,545
$4,5
45
Estim
ated
Clo
sing
Cos
ts*
Dow
n Pa
ymen
t$1
09,2
00$1
09,2
00$9
6,00
0$3
00,0
00At
torn
ey F
ees
$0$2
,500
$2,5
00$0
$0Ap
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sal
$2,5
00$2
,500
$2,5
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Envir
onm
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l Rep
ort
$0$9
00$9
00$9
00$9
00Ti
tle p
olicy
$2,5
00$2
,500
$2,5
00$2
,500
Escr
ow F
ees
$1,5
00$1
,500
$1,5
00$1
,500
Docu
men
tatio
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e$0
$0$0
$0Lo
an O
rigin
atio
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e$3
,054
$3,0
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A Gu
aran
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,054
$3,0
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8,98
0
$121
,808
$3,4
00$1
25,2
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32,3
80$3
04,9
00To
tal C
ost
Estim
ated
ann
ual
Inte
rest
Net
Pre
tax
Tax
Savi
ngs*
***
Effe
ctiv
e An
nual
Effe
ctiv
e M
onth
ly C
ost
Dep
reci
atio
n**
Expe
nse*
**Ex
pens
eD
ebt S
ervi
ce **
***
per S
quar
e Fo
ot (5
04)
$1,2
26,3
28$2
0,43
9$3
1,41
3$5
1,85
1$2
0,74
1$1
0,67
2$0
.148
$863
,031
.56
Prep
ared
For
:
Squa
re F
oota
ge:
Pros
pect
ive
Buye
r
1521
-152
3 Co
olid
ge A
ve.,
Nat
iona
l City
Prop
erty
Typ
e:
Indu
stri
al
B
uy V
s Le
ase
15 y
ear w
ealth
cre
atio
n es
timat
e:**
****
Mon
thly
Pay
men
t
ric.s
chro
der@
wel
lsfa
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com
Ric:
760
-432
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For
mor
e in
form
atio
n co
ntac
t:
Ric
Sch
rode
r
Tota
ls
SBA
504
Loan
SB
A 7(
a) L
oan
Prop
erty
Add
ress
:
Conv
entio
nal
Fina
ncin
g
OW
NER
OC
CUP
IED
CO
MM
ERC
IAL
REA
L ES
TATE
LO
AN
STR
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elis
ted
clos
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cost
sm
aybe
finan
ced.
SBA
504
loan
issu
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appr
oval
inac
cord
ance
with
SBA
elig
ibilit
yan
dle
ndin
ggu
idel
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.Ra
tes
and
term
sar
esu
bjec
tto
chan
ge.
Any
trans
actio
nar
ising
from
this
com
paris
onis
expr
essly
subj
ect
tocr
edit
appr
oval
and
toth
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ectu
tion
and
deliv
ery
oftra
nsac
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docu
men
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nsa
tisfa
ctor
yto
lend
er.
Addi
tiona
lTer
ms
and
Cond
ition
sno
tpre
sent
edin
this
com
paris
onw
illap
ply.
Amou
nts
show
nar
efo
rcom
parit
ive
purp
oses
only
.Ac
tual
final
trans
actio
nam
ount
sm
aydi
ffer.
**As
sum
es d
epre
ciatio
n=65
% o
f cos
t for
39
year
sch
edul
e.**
* Ba
sed
on p
rincip
al re
duct
ion
in th
e fir
st 5
yea
rs o
f lev
el p
aym
ents
.**
** A
ssum
es 4
0% c
ombi
ned
stat
e an
d fe
dera
l tax
bra
cket
.**
***
Inte
rest
por
tion
of p
aym
ents
less
tax
savi
ngs.
****
** S
ee "L
ease
Vs
Buy"
tab
belo
w fo
r ass
umpt
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.M
embe
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C
Eq
ual H
ousin
g Le
nder
Purc
hase
Ass
umpt
ions
Leas
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sum
ptio
nsSi
ze (S
quar
e Fe
et)
6,00
0Si
ze (S
quar
e Fe
et)
6,00
0.00
Purc
hase
Pric
e pl
us im
prov
men
ts$1
,200
,000
.00
Leas
e ra
te p
er S
F/M
onth
(Gro
ss)
1.00
Mon
thly
Lea
se$6
,000
.00
Star
t-up
Cost
sSt
art-u
p Co
sts
10%
Dow
n +
loan
cos
ts$1
25,2
08.0
0Pr
epai
d R
ent/S
ec D
epos
it$6
,000
.00
Impr
ovem
ents
$0.0
0To
tal o
ut o
f poc
ket
$125
,208
.00
Tota
l out
of p
ocke
t$6
,000
.00
Mon
thly
Cos
tsPe
r SF
Mon
thly
Cos
tsPe
r SF
Mor
tgag
e pa
ymen
t$0
.827
$4,9
62.7
2Le
ase
Paym
ent
$1.0
00$6
,000
.00
Ope
ratin
g Ex
p/C
AM$0
.030
$180
.00
Ope
ratin
g Ex
p/C
AM$0
.030
$180
.00
Prop
erty
Tax
es$0
.183
$1,1
00.0
0Pr
oper
ty T
axes
$0.1
83$1
,100
.00
Tota
l Mon
thly
Cos
ts$1
.040
$6,2
42.7
2To
tal M
onth
ly C
osts
$7,2
80.0
0
Mon
thly
Ow
ners
hip
Bene
fits
(Est
imat
ed)
Mon
thly
Ow
ners
hip
Bene
fits
(Est
imat
ed)
Tax
Bene
fits
Tax
Bene
fits
Mor
tgag
e In
t. D
educ
tion
(5 y
r avg
)$9
16.2
0M
ortg
age
Int.
Ded
uctio
n$0
.00
Ope
ratin
g Ex
p/C
AM d
educ
tion
$63.
00O
pera
ting
Exp/
CAM
ded
uctio
n$6
3.00
Prop
erty
Tax
ded
uctio
n$3
85.0
0Pr
oper
ty T
ax d
educ
tion
$385
.00
Dep
reci
atio
n de
duct
ion
$596
.13
Leas
e de
duct
ion
$2,1
00.0
0
Oth
er B
enef
itsO
ther
Ben
efits
Ren
tal I
ncom
e$0
.00
Ren
tal I
ncom
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Aver
age
Appr
ecia
tion
2.00
%$2
,000
.00
Aver
age
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tion
$0.0
0
Tota
l Onw
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ip B
enef
its$3
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To
tal O
wne
rshi
p Be
nefit
s$2
,548
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Tota
l Effe
ctiv
e M
onth
ly C
ost:
$2,2
82.3
9To
tal E
ffect
ive
Mon
thly
Cos
t:$4
,732
.00
Ow
ners
hip
Anal
ysis
Sum
mar
y$2
9,39
5$2
8,14
0$5
7,53
5
$863
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ric.s
chro
der@
wel
lsfa
rgo.
com
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15 Y
ear W
ealth
Cre
atio
n
*Ter
ms
subj
ect t
o ch
ange
. Do
not r
ely
on th
e as
sum
ptio
ns u
sed
in th
is a
naly
sis:
ple
ase
cons
ult y
our f
inan
cial
adv
isor
appr
oval
sub
ject
to c
redi
t qua
lific
atio
ns/n
ot a
com
mitm
ent t
o le
nd
1521
-152
3 C
oolid
ge A
ve.,
Nat
iona
l City
Annu
al W
ealth
Cre
atio
n
Why
Lea
se W
hen
You
Can
OW
N?
OW
NLE
ASE
Annu
al E
ffect
ive
Cos
t Diff
eren
ceAv
erag
e An
nual
Prin
cipa
l Pay
down
