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Sales Comparison Approach -- continued <br />Sale Comparable #1 <br />.001 <br />Al <br />A <br />3887 Chelsea Road West <br />Monticello <br />Comm / RV Dealer use property <br />Sold on 10/25/2016 for $1,750,000 ($167.05 per SF) <br />St w sty da <br />*� <br />1 <br />u ix <br />3 <br />x <br />Property Data <br />Address: <br />3887 Chelsea Road West, Monticello <br />Property Use: <br />Comm / RV Dealer <br />Tenancy: Single <br />Year Built / Effective Age: <br />1978 / E15 <br />Site size: 243,500 SF <br />Quality/Appeal: Good <br />Land to Bldg Ratio: 23.2 to 1 <br />Condition: <br />Average <br />Parking: Adequate <br />GBA: <br />10,476 SF <br />Comments: <br />Good appeal commercial building in average condition. The buyer used the site for RV <br />sales. The site has a mixture of paved and grass outdoor storage area. Overall, the <br />storage is considered similar to the subject. <br />Sale Data <br />Sale Price: <br />$1,750,000 <br />Price /SF (GBA): $167.05 per SF <br />Sale/Close Date: <br />October 25, 2016 <br />Property Rights: Fee Simple <br />Buyer: FRHP Lincolnshire, LLC <br />Financing: <br />Conventional <br />Seller: Maas Automotive Group, LLC <br />Conditions: Typical <br />Source/Verification: RediComps, CoStar/ CREV <br />Comments: <br />The buyer and seller privately negotiated the sale price. <br />Nagel) Appraisal Incorporated 1952.544.8966 <br />