$370,000, or $259 per square foot on the main floor and $194 per square foot including the mezzanine. Delivered vacant at closing.
This is an excellent owner-user purchase. The buyer profile is a contractor, trade, service company, light assembly or fabrication operation, or e-commerce fulfillment user currently paying rent on 1,200 to 2,000 square feet of flex space in the north metro. An operating business occupying the unit qualifies for SBA 504 financing, which is typically structured as a 50% bank first, a 40% CDC second at a long-term fixed rate, and 10% borrower equity, putting roughly $37,000 down. On that structure, net monthly cost of occupancy after principal paydown runs close to what comparable space leases for today, and it stops escalating.
The mezzanine is the value story. It is real, framed, decked, lit, and rail-guarded. The HVAC is oversized with 3 phase power.