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IMPROVED •MPARABLE PROFILE COMPARABLE <br /> Location&Property Identification <br /> Property Name: Albertville Plaza <br /> Sub-Property Type: Retail Center <br /> Address: 11011 61st Street NE 4 h <br /> City,State,Zip: Albertville,MN,55301 <br /> County: Wright ' - <br /> MSA: Minneapolis/St.Paul <br /> Legal/Tax/ParcelID: 101-078-001010 - <br /> Sale Information <br /> Sale Price: $1,100,000 <br /> Effective RE Sale Price: $1,100,000 <br /> Sale Date: 8/26/2016 Site and Improvement Data <br /> Acres(gross): 2.41 <br /> Sale Status: Closed Land SF(gross): 104,980 <br /> Acres(usable): 2.41 <br /> $/SF(GBA): $94.11 Land SF(usable): 104,980 <br /> $/SF(NRA): $94.11 <br /> Grantor/Seller: Albertville Plaza,LLC Access: Average <br /> Grantee/Buyer: Excelsior Property,LLC Visibility: Below Average <br /> Property Rights Conveyed: Leased Fee <br /> %of Interest Conveyed: 100% <br /> Terms of Sale: Market oriented <br /> Verification Type: Reliable 3rd Party,Public GBA SF: 11,688 <br /> Record <br /> NRA SF: 11,688 <br /> Year Built/Renovated: 2001/ <br /> Operating Data and Key Indicators Condition of Improvements: Average <br /> %Occupied: 100% #Buildings/#Stories: 1/1 <br /> #of Tenants: 5 Occupancy Type: Multi-tenant <br /> Net Operating Income: $93,500 #Units: 5 <br /> Reserves Included: NAV <br /> Operating Data Type: NAV <br /> Capitalization Rate: 8.50% <br /> Management Included: NAV Land-to-Building Ratio: 8.98 <br /> Parking Ratio(per 1,000 SF GBA): 3.42 <br /> Comments: Property Information Source: <br /> This is a sale of a multi-tenant retail center in Albertville,MN. Reliable 3rd Party,Public Record <br /> The property was reportedly 100%occupied by 5 tenants at <br /> the time of sale,and sold for an 8.50%cap rate on in-place <br /> NOI. Tenants were local-credit quality. <br /> Albertville77 1 <br />