SITE
INFORMATION
LOAN
INFORMATION
Renovation
work
LEASING / ADMINISTRATIVE INFORMATION
5805-5949 S.
Congress Avenue
Atlantis, FL 33462
Northwest corner of South Congress Avenue and Lantana Road, in the City of Atlantis, Palm Beach County, Florida
Parcel Number: 02-43-44-31-00-000-5011
Palm Beach County
Appraiser Home Page
Land Area: 6.28
AC (273,556 SF +/-)
Dimensions: Actual
frontages of 744 feet on the north side of Lantana Road and 528 feet on the
west side of South Congress Avenue.
Number of Buildings: 1
Number of Stories: 1
Gross Leasable Area: 70,155
SF
Year Built: 1988
Flood Zone: Flood
Zone “B”, as indicated by the Flood Insurance Rate Map
Community
Panel #120192-0117B, dated October 15, 1982
Parking Spaces: 373
Parking Ratio: 5.32
per 1,000 SF GLA
Foundation: Concrete poured monolithic slab
Construction: Concrete block exterior and interior
bearing walls
Floor Structure: Concrete
slab
Exterior Walls: 18’-20’, stucco and wood over concrete block
Roof Cover: mostly flat style, plywood on wood trusses with built up composition cover
ADA Compliance: Yes
Current Zoning: C1A
Uses Permitted: Limited Commercial by the City of Atlantis
Loan Information:
Lender: Prudential Mortgage Capital Company, LLC
Servicer: Prudential Asset Resources
Asset Manager: Kevin Duty
Address: 2200 Ross Avenue, Suite 4900E
Dallas, TX 75201
Phone: 214-721-6057
Fax: 214-777-4585
Loan Number: 6104092
Program: PMCC-Conduit
Term/Month: 10/120
Amortization\Month: 27.5/330
Loan Closing Date: December 18, 2000
First
Pay Date: February
1, 2001
Loan Amount: $3,300,000
Note Rate (fixed): 8.12%
Monthly P&I Payment: $25,034.08
Maturity Date: January 1, 2011
Lock-Out Period: 3 Months Prior to Maturity Date
Current Principle Balance
As
of 6/1/03: $3,222,542.38
Title Policy Insurance Company: First American Title Insurance Company
Renovation Work: We performed a major upgrade of the common areas in 2002 including installation of new irrigation system, addition of major new planting at the entrances and in the planter areas, addition of curbing, placement of festive lighting in the Lugustrum trees which extend around the perimeter of the buildings, replacement of the existing common area lighting with metal halide lighting, adding accent uplighting for the six 20 foot tall Palm trees around the perimeter of the building, touch up and brightening of the façade and Spanish tile roof.
Owner
Shoppes of Atlantis, LLC, a Florida Limited Liability Company
Property Manager
CBA Property Management, Inc.
10933 Wellworth Avenue
Suite 6
Los Angeles, CA 90024
Onsite Manager
Chris Sullivan
Cell Phone: 954-593-7059
Email: chris@cbafinancial.com
Leasing Contact - Florida
Conrad Baker
Office: 800-CBA-MGMT
Email: conradbaker@cbafinancial.com
Chris Sullivan
Cell Phone: 954-593-7059
Email: chris@cbafinancial.com