FORTUNE BUSINESS CENTER CONDOS FOR SALE ......FORTUNE BUSINESS CENTER SAN JOSE, CALIFORNIA CONDOS FOR SALE DERIK BENSON Managing Director +1 408 436 3670 [email protected]

FORTUNE BUSINESS CENTER SAN JOSE, CALIFORNIACONDOS FOR SALE

DERIK BENSONManaging Director+1 408 436 [email protected] #01182654

DAVE HAUGHSenior Managing Director+1 408 987 [email protected] #00671547

FORTUNE BUSINESS CENTER SAN JOSE, CALIFORNIA

• Unique Opportunity to Own Small Industrial Units in Silicon Valley Starting at ±1,204 SF For Only $386,000

• Ideal for SBA Financing with only 10% down

• Preferred Lenders

• Bruce Whitaker at TMC - 415.959.8855

• Trang Ngo at Cathay Bank - 408.238.8880

• Various lease expirations ideal for owner/users or investors

• Total Project Size of ±100,353 SF (40 Units)

CONDOS FOR SALE

BUILDING HIGHLIGHTS


PROPERTY INFORMATION

• Grade Loading with 2284 Ringwood Building

Having Dock Loading As Well

• Sprinklered Units

• Various Configurations

• 100+ Amps Per Unit

• ±2.5/1000 Parking Ratio

• ±13’-15’ Clear Height in Warehouse

• Walking Distance to the New BART Station and

Light Rail

McC

andl

ess

Dr.

Mon

tagu

e E

xpwy.

Lundy Ave.

Automation Pkwy.

Fortune Dr.

Trade Zone Blvd.

N. Capitol Ave.

Concourse Dr.

Ringwoo

d Ct.

Ringwood Ave.

Old O

akland Road

Mon

tagu

e Ex

pwy.

Brokaw Rd.

880

680FORTUNE BUSINESS

PARK


SITE PLAN

2290 RINGWOOD AVENUE2284 RINGWOOD AVENUE

1751 FORTUNE DRIVE

1701 FORTUNE DRIVE

R I NG W

O O D AV E N

UE

F O R T U N E D R I V E

UNIT A

UNIT A

UNIT B

UNIT C

UNIT D

UNIT B

UNIT A UNIT J

UNIT I

UNIT H

UNIT G

UNIT FUNIT C

UNIT D UNIT E

UNIT E UNIT F

UNIT G

UNIT H

UNIT I

UNIT J

UNIT K

UNIT L

UNIT BUNIT C

UNIT O

UN

IT N

UN

IT M

UN

IT L

UN

IT K

UN

IT J

UN

IT I

UN

IT H

UN

IT G

UNIT A UNIT B UNIT C UNIT D UNIT E

UNIT F

BUILDING UNIT SF PRICE

1701 Fortune Drive A ±3,981 In Escrow

1701 Fortune Drive B ±2,649 In Escrow

1701 Fortune Drive C ±2,649 $795,000.00

1701 Fortune Drive D ±2,649 $795,000.00

1701 Fortune Drive E ±3,928 $1,060,000.00

1701 Fortune Drive F ±2,355 $707,000.00

1701 Fortune Drive G ±1,204 $386,000.00

1701 Fortune Drive H ±1,204 $386,000.00

1701 Fortune Drive I ±1,204 $386,000.00

1701 Fortune Drive J ±1,204 $386,000.00

1701 Fortune Drive K ±1,204 $386,000.00

1701 Fortune Drive L ±1,204 $386,000.00

1701 Fortune Drive M ±1,204 $386,000.00

1701 Fortune Drive N ±1,204 $386,000.00

1701 Fortune Drive O ±2,415 $725,000.00

BUILDING TOTAL 15 ±30,258


1751 Fortune Drive A ±2,654 $796,000.00

1751 Fortune Drive B ±2,707 In Escrow

1751 Fortune Drive C ±2,707 $812,000.00

1751 Fortune Drive D ±2,707 $812,000.00

1751 Fortune Drive E ±2,458 $785,000.00

1751 Fortune Drive F ±1,232 $395,000.00

1751 Fortune Drive G ±1,232 $395,000.00

1751 Fortune Drive H ±1,232 $395,000.00

1751 Fortune Drive I ±1,232 $395,000.00

1751 Fortune Drive J ±2,408 $723,000.00



2290 Ringwood Ave A ±6,691 $1,740,000.00

2290 Ringwood Ave B ±2,704 In Escrow

2290 Ringwood Ave C ±2,704 $811,000.00

2290 Ringwood Ave D ±2,704 $811,000.00

2290 Ringwood Ave E ±2,650 $795,000.00

2290 Ringwood Ave F ±2,404 $721,000.00

2290 Ringwood Ave G ±1,230 $394,000.00

2290 Ringwood Ave H ±1,230 $394,000.00

2290 Ringwood Ave I ±1,230 $394,000.00

2290 Ringwood Ave J ±1,230 $394,000.00

2290 Ringwood Ave K ±1,230 $394,000.00

2290 Ringwood Ave L ±1,230 $394,000.00



2284 Ringwood Ave A ±10,523 $2,630,000.00

2284 Ringwood Ave B ±5,942 $1,545,000.00

2284 Ringwood Ave C ±6,109 $1,590,000.00


*Square footage numbers are based on approximate unit size plus each units appropriate pro rata share of the electrical room for that building


1701 FORTUNE DRIVE

UNIT O

UN

IT N

UN

IT M

UN

IT L

UN

IT K

UN

IT J

UN

IT I

UN

IT H

UN

IT G

UNIT A UNIT B UNIT C UNIT D UNIT E

UNIT F


1751 FORTUNE DRIVE

UNIT B

UNIT JUNIT A

UNIT I

UNIT H

UNIT G

UNIT FUNIT C

UNIT D UNIT E


2290 RINGWOOD AVENUE

UNIT A

UNIT B

UNIT C

UNIT D

UNIT E UNIT F

UNIT G

UNIT H

UNIT I

UNIT J

UNIT K

UNIT L


2284 RINGWOOD AVENUE

UNIT AUNIT BUNIT C


FINANCING SCENARIO

SBA 504 Loan ScenarioFortune Business Center Scenario as of: 5/24/2017

Own the Business? Own the Building.

Purchase Price $808,000 1701 Fortune Drive, San Jose, CaliforniaImprovements $0 Building Size 2,695 sf

Other $0

Total Project Costs $808,000 Price per Sq. Ft. $299.81 psf

Property Contact

Derik Benson / Dave HaughManaging Director / Senior Managing Director

408.436.3670 / 408.987.4171

[email protected] / [email protected]

Financing Package Amount Rate Term Amort Monthly PymtBank 1st Mortgage 50% 404,000$ 4.90% 10 Yrs 25 Yrs 2,338$ SBA 504 2nd Mortgage* 40% 334,000$ 4.66% 20 Yrs 20 Yrs 2,142$ Down Payment 10% 80,800$

4.79% $1.66 PSF 4,480$

PSF Monthly PSF MonthlyMortgage Payments $1.66 $4,480 Total Monthly Payment $1.66 $4,480

Less Depreciation ($0.51) -$1,381

Total Monthly Payment $1.66 PSF $4,480 Total Adjusted Monthly Payment $1.15 PSF $3,099

Cash Down Payment 10.0% $80,800

Estimated Bank Fees 1.0% $4,040

Total Cash Required $84,840

Assumptions: The following assumptions were made in the preparation of this sample. Please let us know if there are specific values you'd like to see.

● Bank rate, terms and fees are estimated and vary depending on lender. ● Operating costs, title and insurance are estimates.

● All fees and expenses are estimated and will vary by vendor.

For more information contact us:

Your SBA 504 Loan ExpertBruce WhitakerTMC FinancingSVP, Business [email protected]

● SBA Fee is estimated at 2.15% plus a $2,500 legal fee. Fees are financed.

● SBA rate is as of May '17. Actual rate is set at debenture sale.

90% SBA 504 Financing Example

Monthly Costs Adjusted Monthly Costs

Out of Pocket Expenses Invest in Your Future: Equity Over First 10 Years

● 90% LTV financing generally does not require additional collateral.

● Equity is based on a 2.0% annual appreciation rate.

*Includes financed SBA fee of $10,800

● Depreciation is estimated at an 80% bracket over 39 years.

$0$100,000$200,000$300,000$400,000$500,000

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

EQUITY

SBA 504 Loan ScenarioFortune Business Center Scenario as of: 5/24/2017

Own the Business? Own the Building.

Purchase Price $808,000 1701 Fortune Drive, San Jose, CaliforniaImprovements $0 Building Size 2,695 sf

Other $0

Total Project Costs $808,000 Price per Sq. Ft. $299.81 psf

Property Contact

Derik Benson / Dave HaughManaging Director / Senior Managing Director

408.436.3670 / 408.987.4171

[email protected] / [email protected]

Financing Package Amount Rate Term Amort Monthly PymtBank 1st Mortgage 50% 404,000$ 4.90% 10 Yrs 25 Yrs 2,338$ SBA 504 2nd Mortgage* 40% 334,000$ 4.66% 20 Yrs 20 Yrs 2,142$ Down Payment 10% 80,800$

4.79% $1.66 PSF 4,480$

PSF Monthly PSF MonthlyMortgage Payments $1.66 $4,480 Total Monthly Payment $1.66 $4,480

Less Depreciation ($0.51) -$1,381

Total Monthly Payment $1.66 PSF $4,480 Total Adjusted Monthly Payment $1.15 PSF $3,099

Cash Down Payment 10.0% $80,800

Estimated Bank Fees 1.0% $4,040

Total Cash Required $84,840

Assumptions: The following assumptions were made in the preparation of this sample. Please let us know if there are specific values you'd like to see.

● Bank rate, terms and fees are estimated and vary depending on lender. ● Operating costs, title and insurance are estimates.

● All fees and expenses are estimated and will vary by vendor.

For more information contact us:

Your SBA 504 Loan ExpertBruce WhitakerTMC FinancingSVP, Business [email protected]

● SBA Fee is estimated at 2.15% plus a $2,500 legal fee. Fees are financed.

● SBA rate is as of May '17. Actual rate is set at debenture sale.

90% SBA 504 Financing Example

Monthly Costs Adjusted Monthly Costs

Out of Pocket Expenses Invest in Your Future: Equity Over First 10 Years

● 90% LTV financing generally does not require additional collateral.

● Equity is based on a 2.0% annual appreciation rate.

*Includes financed SBA fee of $10,800

● Depreciation is estimated at an 80% bracket over 39 years.

$0$100,000$200,000$300,000$400,000$500,000

2018 2019 2020 2021 2022 2023 2024 2025 2026 2027

EQUITY

Bruce Whitaker415.959.8855


AMENITIES MAP

McDonald’sTaco BellBest BuyPetSmartStarbucksTogo’sWells Fargo BankSleep TrainAT&TDishdashBlack Angus SteakhouseRoss Dress for LessDollar Tree

The Great MallChipotleOlive GardenBevMo!The Home DepotOutback SteakhouseDave & BustersCinemark 20

HomegoodsWells Fargo BankSprouts

Milpitas Station(Opening 2017)

YogurtlandThe UPS StoreCity Sports ClubChase BankFive GuysGreat ClipsExtreme PitaPieology PizzeriaGobi Mongolian Grill

FORTUNE BUSINESS PARK

SAN JOSEAIRPORT

TRADE ZONE BLVD.

GREAT MALL PKWY.

Documents

FORTUNE BUSINESS CENTER CONDOS FOR SALE ......FORTUNE BUSINESS CENTER SAN JOSE, CALIFORNIA CONDOS FOR SALE DERIK BENSON Managing Director +1 408 436 3670 [email protected]