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SHOPPING STRIP CENTER, LANCASTER, CA
SIZE: 24,000+ SQ. FT. ON 3.1 ACRE LOT
MULTI-TENANT BUILDING ACROSS FROM COSTCO - currently approx. 50% vacant
BANK WOULD LIKE TO SELL NOTE AT A DISCOUNT: borrower has recently restructured note with new terms to October, 2027. Buyer can take advantage of new payment arrangement and also be in line to foreclose should borrower not make payments.
UPB: $9MM BANK WILLING TO LOOK AT ALL SERIOUS OFFERS NEAR $4.6MM!!
MONTHLY PAYMENTS: $28,730 - $344,760/YEAR FOR 14 YEARS - BALANCE DUE: $4.5MM
Buyer to pay 4% commission
This property was in bankruptcy last year and a receiver had been appointed; however the court has allowed the borrower to restructure the note with new terms and extended for 15 years.
LOI required to make offer and get further information.
CALL 714-606-6100 EMAIL MWEAHUNT@GMAIL.COM