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Sales Comparison Approach -- continued <br />Sale Comparable #7 <br />.� <br />il <br />■ <br />6845 Highway 10 Northwest <br />iii _ <br />3 .4 e <br />,4 aluu <br />Ramsey <br />fir,., <br />l j <br />Commercial/Shop use property <br />Sold on 7/02/2018 for $1,276,500 ($70.39 per SF) <br />- / <br />oi <br />Uk -- S' <br />�„ 7 =r <br />Aili <br />Property Data <br />Address: <br />6845 Highway 10 Northwest, <br />Ramsey <br />Property Use: <br />Commercial/Shop <br />Tenancy: Single <br />Year Built / Effective Age: <br />1994 / E12 <br />Site size: <br />155,509 SF <br />Quality/Appeal: <br />Average <br />Land to Bldg Ratio: <br />8.6 to 1 <br />Condition: <br />Dated <br />Parking: <br />Adequate <br />GBA: <br />18,135 SF <br />Comments: <br />Average appeal commercial/repair property in somewhat <br />located near the subject. <br />dated condition. The site is <br />Sale Data <br />Sale Price: <br />$1,276,500 <br />Price /SF (GBA): <br />$70.39 per SF <br />Sale/Close Date: <br />July 2, 2018 <br />Property Rights: <br />Fee Simple <br />Buyer: <br />Ahmetshin Properties, LLC <br />Financing: <br />CD <br />Seller: <br />Brait Commercial LLC <br />Conditions: <br />Typical <br />Source/Verification: <br />RedisComps, CREV <br />Comments: <br />The property was listed on the open market. The seller contributed $3,500, the net sale <br />price is therefore $1,280,000 - $3,500 = $1,276,500. The buyer also purchased on a <br />contract for deed with a 10% interest rate, 12 payments, interest only, $8,333.33 per <br />month. The sale price, even with the terms, appears market appropriate; no adjustment for <br />the CD. <br />Nagel) Appraisal Incorporated 1952.544.8966 <br />