Difference between revisions of "8th and Alice"
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(Created page with " *Address: [https://maps.google.com/maps?q=251+8TH+ST,+OAKLAND+94607&hl=en&sll=37.0625,-95.677068&sspn=40.27343,56.513672&t=h&hnear=251+8th+St,+Oakland,+California+94607&z=16 ...") |
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= Building and fire insurance = | = Building and fire insurance = | ||
The | We heard that the building/fire insurance for The Omni is only $500 a month. That seems _really_ low for such a big space. We need to get a quote, but for now let's assume $500 for one floor. | ||
= 3rd floor costs = | = 3rd floor costs = | ||
Revision as of 21:24, 25 November 2013
- Address: 251 8TH ST, OAKLAND 94607
- Two blocks from, four blocks from Broadway.
Tax
- Parcel number: 1-185-18
- Property tax: $4,440 secured + $4,597 supplemental = $8,997
- Assuming one floor is 1/3 of that tax: $2,999 yearly or $250 monthly
Building and fire insurance
We heard that the building/fire insurance for The Omni is only $500 a month. That seems _really_ low for such a big space. We need to get a quote, but for now let's assume $500 for one floor.
3rd floor costs
- Floor plan total: 5,425 sqft
- Floor plan total minus elevator/stairways: maybe ~5,000 sqft
- Price: 90 cents per sqft nnn.
- Creative Development Partners IG cost estimate (on top of nnn): $0.25 to $0.50 per sqft
- Our IG cost estimate: $250 tax monthly + maybe $500 building/fire insurance monthly
- Total cost estimate with CDP: $5,750 to $7,000
- Total cost estimate with ours: $5,250