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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 #4 <br />in <br />L. w . Y <br />• w , f <br />10135 Central Avenue Northeast <br />Blaine. <br />Commercial / Dealer use property <br />Rent Rate: $10.00 per SF, Net <br />117Jeh to e4E <br />A <br />`31rJ A'., NE <br />• ,� � ,,, ,E _.._ <br />u %E <br />`°'ci Aver "` <br />I <br />Property Data <br />Address: 10135 Central Avenue Northeast, Blaine <br />Property Use: Commercial / Dealer <br />Tenancy: Multi <br />Site size: 139,392 SF <br />Land to Bldg Ratio (x to 1): 5.9 to 1 <br />Year Built / Effective Age: 1978 / E20 <br />Parking: Adequate <br />Quality/Appeal: Metal <br />Condition: Average <br />GBA: 23,464 SF <br />Basement: n/a <br />Comments: Commercial property located in Blaine. Property rated to have competing overall appeal and <br />condition. Property used to bracket the commercial appeal and due to similar exposure. <br />Rental Data <br />Tenant Size: 16,460 SF <br />Lease Rate per SF: $10.00 per SF <br />Current/Pending/Listing: Current <br />Lease Type: Net <br />Lease Dates: Thru 2018 <br />Expenses per SF: $5.50 per SF <br />Source/Verification: CoStar <br />Comments: Current rent. <br />Nagel) Appraisal Incorporated 1952.544.8966 <br />
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