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Sales Comparison Approach -- continued <br />Sale Comparable #8 <br />ti <br />w. <br />j <br />.it. <br />IR <br />572 Tamarack Avenue <br />Long Lake <br />Comm / Dealer use property1;. <br />Sold on 1/01/2018 for $381,660 ($70.68 per SF) <br />,-_ �� °� <br />m a-.... r. F..: <br />2 <br />4 q <br />o""'!"'tk <br />,ter... <br />Property Data <br />Address: <br />572 Tamarack Avenue, Long Lake <br />Property Use: <br />Comm / Dealer <br />Tenancy: Single <br />Year Built / Effective Age: <br />2001 / E9 <br />Site size: 25,265 SF <br />Quality/Appeal: Metal <br />Land to Bldg Ratio: 1.4 to 1 <br />Condition: <br />Average <br />Parking: Adequate <br />GBA: <br />18,135 SF <br />Comments: <br />Metal building with average quality/appeal and in dated. <br />Sale Data <br />Sale Price: <br />$381,660 <br />Price /SF (GBA): $70.68 per SF <br />Sale/Close Date: <br />January 1, 2018 <br />Property Rights: Fee Simple <br />Buyer: Scharber Brothers LLC <br />Financing: <br />CD <br />Seller: Rhea Company LLC <br />Conditions: <br />Typical <br />Source/Verification: RedisComps, CREV <br />Comments: <br />The property was purchased after the buyer approached the seller. The seller financed <br />with a contract for deed with $1.00 down, payments of $2,823 per month, 4%, 180 <br />payments, and a balloon date of 12/15/2032. <br />