Minnesota Office Condos
#1 Marketing Team for Minneapolis Office Condos
This tool is provided as a general guide to aid in the decision of whether to buy or lease your office/commercial property. Change the numbers as desired.
Example property information: New Class A Building with 3000 square feet.
Example Buying An Office
Terms: Price $495,000 / $50,000 Down / 7% 30 years
Monthly payments
- Principal and Interest: 2961
- Taxes and Insurance: 1900
- Utilities: 200
- Assoc. Dues: 400
- Total Monthly Expense: 3,800
Total yearly expense: 45,000
Total 5 year expense: 228,000
Yearly Appreciotion: 5%
5 Year Appreciation: 140,000
Paid Principle: 26,000
Total 5 year cost to buy Office: $62,000
(Results may very and no guarantees are made.)
Example Leasing An Office
Monthly Rent: 4,500
Taxes and Insurance: inc
Utilities: 200
Total Monthly expense: 4,700
Total yearly expense: 56,000
Total 5 year cost to lease office $282,000
(Results may very and no guarantees are made.)
Benefits of Buying an Office
- Historically it has been proven that real estate is an excellent investment with many happy returns.
- You will be able to add improvements and choose higher quality finishing touches for a better work environment.
