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IMPROVED •MPARABLE PROFILE COMPARABLE <br /> Location&Property Identification <br /> Property Name: Ham Lake Retail Center <br /> Sub-Property Type: Commercial/Retail <br /> Address: 16210-16230 Aberdeen <br /> Street NE <br /> City,State,Zip: Ham Lake,MN,55304 aim <br /> County: Anoka - <br /> MSA: Minneapolis/St.Paul �-- <br /> Legal/Tax/ParcellD: 17-32-23-13-0017 <br /> - - _ <br /> Sale Information <br /> Sale Price: $1,160,000 <br /> Effective RE Sale Price: $1,160,000 <br /> Sale Date: 1/21/2014 Site and Improvement Data <br /> Acres(gross): 2.35 <br /> Sale Status: Closed Land SF(gross): 102,366 <br /> Acres(usable): 2.35 <br /> $/SF(GBA): $67.66 Land SF(usable): 102,366 <br /> $/SF(NRA): $67.66 <br /> Grantor/Seller: BankCherokee Access: Average <br /> Grantee/Buyer: HTP LLC Visibility: Average <br /> Property Rights Conveyed: Leased Fee <br /> %of Interest Conveyed: 100% Zoning Designation: <br /> Terms of Sale: Market oriented Commercial <br /> Document Type: Warranty Deed <br /> Verification Type: Verified with Buyer GBA SF: 17,144 <br /> NRA SF: 17,144 <br /> Year Built/Renovated: 1998/ <br /> Operating Data and Key Indicators Condition of Improvements: Average <br /> %Occupied: NAV #Buildings/#Stories: 1/1 <br /> #of Tenants: 9 Occupancy Type: Multi-tenant <br /> Net Operating Income: $116,000 #Units: 9 <br /> Reserves Included: NAV <br /> Operating Data Type: NAV <br /> Capitalization Rate: 10.00% <br /> Management Included: NAV Land-to-Building Ratio: 5.97 <br /> Parking Ratio(per 1,000 SF GBA): 2.04 <br /> Comments: Property Information Source: <br /> This is a sale of a multi-tenant retail center in Ham Lake,MN. Reliable third party <br /> The property was on the market for one year,with an initial <br /> asking price of the property was$1,200,000.The transaction <br /> was in escrow for approximately 60 days. This sale had no <br /> reported sale conditions. The sale was verified with the <br /> seller broker and with seller. <br /> Ham Lake Retail Center <br /> 75 1 <br />