44 improved land parcels beginning at parcel sizes of 9,000 square feet.

Land parcels include prepared building pad, all service utilities stubbed to parcel, paved access streets and roads, improved parking lots, drainage facilities and common area amenities.

Purchase your parcel today and begin to construct your own building tomorrow.

For more information contact Redtree Properties at: info@delaware-addition.com


We can construct a building to suit your particular business needs.

Let us help you design a building to fit your particular requirements and we will build and deliver it on a mutually agreeable budget and schedule.

For more information contact Redtree Properties at: info@delaware-addition.com


A 60' Flex unit consists of a 24' wide by 60' deep ground floor area of 1,440 square feet plus a 24' x 24' or 576 square foot second floor. The second floor or "flex" space can be used for work space or to create your own living quarters. The second floor flex space is accessed by an internal staircase. First release includes one building with up to seven units.
  • Green building
  • Contemporary design
  • LED exterior lighting
  • 1440 sf ground floor
  • 576 sf second story "Flex" area for living space
  • Private rear yards accessed through 6’ double doors
  • Up to 18' clear height interior
  • Operable skylights and windows for natural light and ventilation
  • Insulated "cool" roof system
  • Glass storefront with metal awnings
  • Front roll-up door or full height window alternate
  • ADA accessible restroom
  • Electrical, gas, water, sanitary, data and communications to each space
  • Fire protection system
  • 8 - 24 ft x 60 ft modules: 2,016 sf each module
  • 20 ft deep x 24 ft wide Private Rear Yards

The 80' Flex unit consists of a 24' wide by 80' deep ground floor area of 1,920 square feet plus a 24' x 30' or 720 square foot "flex" space which can be used for work space or to create a generously sized living space. Unlike the 60' Flex unit, the 80' Flex unit comes with an exterior access to the second floor allowing creation of a separate apartment with separate access from the downstairs work space. First release includes one building with up to seven units.
  • Green building
  • Contemporary design
  • LED exterior lighting
  • 1,920 sf Ground Floor
  • 720 sf second story "Flex" area for living space
  • Up to 20' clear height interiors
  • Operable skylights and windows for natural light and ventilation
  • Insulated "cool" roof system
  • Glass storefront and metal awnings
  • Rear roll-up door or glass storefront alternate
  • ADA accessible restroom
  • Electrical, gas, water, sanitary, data and communications to each space
  • Fire protection system
  • 6 - 24 ft x 80 ft modules: 2,640 sf each
  • 1 - 24 ft x 50 ft module: 1,200 sf each
  • Independent Access to 2nd Floor FLEX space

The Work/Live Townhouses are delivered "turn-key" or ready to occupy. The Townhouse unit is a residential unit complete with a 500 square foot work space and two stories of living above. Designed for LEEDS home certification, the townhouse unit offers a green building with a unique character and design. First release includes 14 units.
  • LEED’s for home silver certified construction
  • Contemporary design
  • Turn-key — move right in upon closing
  • Pre-Wired for photovoltaic energy
  • LED exterior lighting
  • Located on landscaped pedestrian passage
  • Ground floor — 520 sf work studio with bathroom
  • Second level — 475 sf living, dining and kitchen area
  • Third level — 430 sf bedroom, full bathroom, study & laundry closet
  • Skylights and operable Windows for natural light and ventilation
  • Energy star appliances
  • Fire protection sprinklers
  • 4 units in each building: 1,403 sf each
  • Townhouses face pedestrian lanes with semi-private entrance patios

Why pay rent when you can own?

Advantages to Owning Property:
  • Growth in property value over the years
  • Significant tax benefits
  • With each loan payment, mortgage balance decreases
  • Up to 90% financing
  • Private ownership means no more landlords
Delaware Addition properties are available with 90% financing (10% down payment) using Small Business Administration (SBA) financing. The SBA financing program was created by the U. S. Congress to stimulate business and to provide small companines an opportunity to own their own real estate. The underwriting requirements are rather liberal, and most experienced and many new start-up companies are eligible. In fact, more than 90% of U.S. small businesses are eligible for SBA financing.

There are two SBA loan programs available to Delaware Addition buyers, the 504 and the 7a programs. The 504 program combines a conventional first deed of trust from a local lender in the amount of 50% of the purchase price with SBA financing secured by a second trust deed in the amount of 40% of the purchase price (total – 90% financing) The buyer invests only 10% in the cash equity and pays loan fees and closing costs. At today’s low interest rates, the monthly payments can be below market rents for comparable properties. And, of course, owners of real estate have the right to deduct annual depreciation from their taxes.
Terms of the 504 Program
  • Low FIXED rate.
  • Only 10% cash down payment — compared to 25-30% for conventional real estate financing.
  • 20 year fully amortized — compared to 5-7 year terms with many lenders.
  • The business only needs to occupy a minimum 51% of the space. If you don’t need the entire building, lease out the unused portion and expand into it later.
  • Funds for additional or custom interior improvements to you Delaware Addition property can be included in the SBA financing.
Terms of the 7a Program
  • Loan is from a single source, typically a local bank. The government, through SBA, provides a loan guarantee.
  • Low adjustable rate, tied to the prime lending rate.
  • Only 10% cash down payment — compared to 25-30% for conventional real estate financing.
  • 25 year fully amortized — compared to 5-7 year terms with many lenders.
  • The 7a program is a multi-purpose loan that can provide financing for real estate purchases, interior improvements, equipment purchases and working capital.
Other Information
  • The SBA lender will arrange the entire deal with the bank and the SBA.
  • You can borrow 90% of the purchase price of your Delaware Addition property plus up to 90% of any custom interior improvements that you may need. (Note living space costs do not qualify under SBA.) The monthly mortgage is generally at or below the costs of renting a comparable property.
  • Owners of business properties receive all tax benefits offered to owners of real estate including annual depreciation.
  • Owners of Delaware Addition properties benefit by the appreciation in the value of their property instead of giving these benefits to landlords.
For more information contact Redtree Properties at: info@delaware-addition.com
 
Redtree Properties — 831.427.1900 | info@delaware-addition.com