HomeMy WebLinkAboutMiscellaneous PLANNER 7/24/2013 Commercial Improved Benchmark • - - •'Acct— vs "..'�
Property Name: Northwest Community Credit Union Recording: 2006-040305
Map&T.L.(s) 1702320000300 Grantor: FEDERAL CREDIT UNION
1702322300300 Grantee: LINCOLN CAPITAL II LLC
Confirmed with: Mike McNahan Seller
Date: 10/5/2006
Account(s): 0126118. Appraiser: 422
0126324 Reject Code: W-Sale price adjusted from recorded consideration
Ratio•Code: D-Improved Sale For Ratio Report
Legal Lot Size: 189,732 Usable Lot Size: 1897 32 ,
Occupancy: Special Purpose
Year Built: 1965 Eff.Age 1985
Master Account: 0126324 Improvement Size 17,743 #of Units ,0 Situs 4161 E ST,SPRINGFIELD,OR,97478,USA Building Class: D-Wood or steel studs Bldg Eff.
Neighborhood 81903 Prop Cla<_201 Rank(Quality): 3-Average Condition: Average
Zoning CC-Community GStat Clas:492 Land to Bldg Ratio:10.7 Occupied by: Tenant xn 3e.
„p - t v xu � ea.a,. T al RMV 2006 $ 2,457,232
�. "� r c I �t §•3yt}ar- RMV/Sale Ratio 1.46
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n , ,s ., 8. . ,4-,y .�� "4'- s 1. Sales 6/6/2006
, ` `31 a a, • _,.,r'.���"v.-7'i � E Sales Price: $ 1,540,350
+ w∎.1 �m }-. F AT r k r ,y INFT.s n,r s a 1,f Time Adjustment Personal Property#
�;. ° '-,. �L3Ysi k s s -4 a. ac f s. i �-T' Personal Property
E.;;:u to .1 L. ..) - L k � °k,Y"ik.. �r �` Excess Land 0
'S �. .n -'-a..c " x " Other Adj 137000
"- ^4 ' § • a r, r - ,�, ,. { Ad)Sales Price $ 1,677,350
y 4. , - i It ,j 'f' sr` ' r " T '"e Sales Price(sf) 94.54
" . -L-. ales Price/Unit #DIV/0!
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Income Confirmation: INCOME AT TIME OF SALE
Occupancy Num.Units Rent/Unit U.Tot.$/k)nit Annual Area Monthly Rent/SF Area Annual
Bank $0 $0 17743 $11,202.00 $0.63 $134,424
$0 $0 - #DIV/01 $0
$0 $0 #DIV/01 $0
$0 $0 #DIV/0! $0
Totals 0 $0 #DIV/01 $134,424
Comments: Expense confrmatio Estimated
The seller gave$137,000 credit to the buyer at the closing for a new roof and
HVAC system.. The seller is currently leasing back the building until their Potential Annual Gross: $134,424
new branch bank is built on Main St. Their actual rent they are paying Vacancy&Collection Loss: - $4,033 3.00%
($10,3%for NNN)was adjusted for the adjustment of$137,000 to the Miscellaneous Income. $0
sale price for new HVAC&roof.The expenses are estimated and 3-Net. Effective Gross Income: $130,391
Verified in the field
Management Expense: $6,520 5.00
Total Operating Expenses(Excluding Propert $3,912 3.00%
Property Taxes 2005: $0
Net Income Before PI: $119,960
Indicated Overall Rate(Discount and Re 7.15%
Indicated Gross Income Multiplier: 12.48
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Date Received
Planner: LM
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Planner: l M