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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 ": s -b � s w axe.`• �'-y rP,��i y�.a' m.. �,. 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! ai, �� ry>r ES C, , ut , * rv1 M t ,„,,, ii ,. -- Y .! few` �� m... tp ..FTrz°' t sf.f 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 • (2fi • Date Received Planner: LM - K '' 'v`fa r*a arm 4.,'77414,440'844Za sk `" `*T €- °tom,..-,i . ,"^,,,'4,- -..s ai t �'.n'b'ha. j£= i .r'T .£•A T x 5 Tt .� :N : i''' -F y 'z" E o- , y 3 f sv q ,t .p xs ° 2 b y x �U.`d�5k k .y..t a 1::',":11-'':-•-- ° . q � § j w rau . A. 'NA Y:rt 4ht' C ..». & Date Received: (ci Planner: l M