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Agenda - Council - 04/09/2019
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Agenda - Council - 04/09/2019
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3/17/2025 2:27:29 PM
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4/22/2019 4:17:01 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
04/09/2019
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Income Approach -- continued <br />Rental Comparable #3 <br />___ <br />15-521-0110 <br />75-57170120 <br />- ■ <br />TT <br />vii , v <br />17354 Zane Street <br />ir <br />T <br />Elk River <br />AiEIE �° °'"f. <br />Dealership use property <br />Rent Rate: $6.00 per SF, Net <br />�• 8 <br />"ray if, „� <br />• <br />Property Data <br />Address: 17354 Zane Street, Elk River <br />Property Use: Dealership <br />Tenancy: Single <br />Site size: 396,396 SF <br />Land to Bldg Ratio (x to 1): 11.8 to 1 <br />Year Built / Effective Age: 1984 / E17 <br />Parking: Adequate <br />Quality/Appeal: Fair <br />Condition: Dated <br />GBA: 33,602 SF <br />Basement: n/a <br />Comments: Former dealership that is cur ently vacant. The building is in dated condition and has fair <br />appeal. <br />Rental Data <br />Tenant Size: 33,602 SF <br />Lease Rate per SF: <br />$6.00 per SF <br />Current/Pending/Listing: Asking <br />Lease Type: <br />Net <br />Lease Dates: Asking <br />Expenses per SF: $3.00 per SF <br />Source/Verification: <br />Listing <br />Comments: <br />Asking rate for a dealership property. <br />
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