Wednesday, May 19, 2004

Properties, update 

OK. Of the 11 places we called, 4 have called back.

The Old Spaghetti Warehouse is rather huge, but the price is very reasonable for all of that. It's 22,000 square feet (yikes! - 18,000 square feet more than we need!) for $3,000.00 a month.

Manager will call back and ask if we can sublease the basement - which comprises the bulk of the space. That, of course, means finding someone to whom to sublet it.

There's a little place on Walker and 23rd - a tad smaller than we'd like at 3,000 square feet - for sale for $90,000.00, but not for lease. That one can go on a back burner for now. Purchasing it would mean a mortgage payment of less than $1,000.00 a month and equity build-up for when we need to move to a larger place. It is in the Paseo and in a high traffic area - a traffic count of 4100 a day, but only 6 parking spaces.

Then, there's this gorgeous freestanding shop that was once a florist's shop. It has 12 parking places, plus streetside parking, a traffic count of 2100 a day, and is walking distance from a university. They want $1,900 a month for it. It, too, is slightly on the small side - 3800 square feet.

But, it has ambiance, location, parking, and space to create a lovely outdoor seating area next spring.

The last place is too large and too expensive with very little parking. It's 15,000 square feet for $375,000.00 a month. No wonder it's still vacant.

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