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<br />COMPARABLE LAND SALES (continued) <br /> <br />Comparable #5 <br /> <br />Comparable #6 <br /> <br />Comparable #7 <br /> <br />Comparable #8 <br /> <br />Seller/Buyer: 2145 Limited Liability PartnershiplForklifts of MN, Inc. <br />Location: 2201 94 tb Street West, Bloomington; MN 55431 <br />PID #: 16-027-24-22-0005/-0006 (Hennepin County) <br />Site size: 213,808 sq ft <br />Sold date.: 01-15-09 <br />Sold for: $1,830,250 or $856 per sq ft <br />This property is located 30 miles south of the subject. This sale included two <br />adjacent vacant parcels located at theSE quadrantofthe intersection of Penn <br />Avenue South and 94tb Street West. As a sale of a large vacant site that occurred <br />in 2009, this property adjusts as a good compo The parcels are zoned Industrial. <br /> <br />SellerlBuyer: Eden Bluff Holdings/CH Robinson Worldwide, Inc. <br />Location: xx Charlson Road, Eden Prairie,.MN 55347 <br />PID #: 28-116-22-44-0008 (Wright County) <br />Site size: 112,993 sq ft <br />Sold date: 07...28-08 <br />Sold for: $1,139,600 or $10.09 per sqft <br />This site is located 30 miles south of the subject and just north of Flying Cloud <br />Drive between Eden Prairie and Chaska. As a 2008 sale of a large vacant <br />commercial parcel, this transaction adjusts as a good comparable. This site is <br />mostly square shaped and was purchased to expand corporate operations. <br /> <br />Seller/Buyer: Hawk, et al/Pingree 2000 RE Holdings, LLC <br />Location: 8200 Lakeland Avenue N, Brooklyn Park, MN 55445 <br />PID #: 19-119-21-13-0006 (Hennepin County) <br />Site size: 37,661 sq ft <br />Sold date: 08-18-09 <br />Sold for: $350,000 or $9.29 per sqft <br />This land is located nine miles south ofthe subject with visibility (access via <br />Lakeland Ave - Frontage Road) from Co Rd #81 and just south ofD.S. Highway <br />#169. Although a much smaller site, given the very recent date of sale and the <br />influence on value of a major road, this vacant commercial site adjusts as a good <br />comparable to the subject. <br /> <br />SellerlBuyer: John Terrance Homes, LLC/Central Orono,LLC <br />Location: XX Wayzata Blvd, Orono, MN 55356 <br />PID #: 33-118-23-11-0060 (Hennepin County) <br />Site size: 160,848 sq ft <br />Sold date: 03-31-08 <br />Sold for: $1,250,000 or $7.77 per sq ft <br />This property is located 20 miles SW of the subject and at the NW quadrant of <br />the intersection ofWayzata Blvd (overlapped with U.S. Hwy #12 until <br />Fall/Winter 08 when the highway was rerouted around town) and Willow Drive. <br />This large commercial site is a good comparable when adjusted as having <br />inferior highway access (brackets subject) given the rerouting of Hwy #12. This <br />parcel was purchased to be the site of anew Central Bank Branch. <br /> <br />.Page- 19 <br />