NVI Technical College Information

T ABLE OF C ONTENTS

Subject Property .................................................................................................................................................... 1

Summary of Salient Facts....................................................................................................................................... 3

Property Transaction History ................................................................................................................................. 6

Scope of Work ....................................................................................................................................................... 7

Environmental, Social and Governance.................................................................................................................. 9

Regional Overview............................................................................................................................................... 13

Market Area Overview ........................................................................................................................................ 26

Site Description ................................................................................................................................................... 31

Improvements Description .................................................................................................................................. 36

Property Assessment and Tax Analysis ................................................................................................................ 40

Market Analysis ................................................................................................................................................... 41

Highest and Best Use ........................................................................................................................................... 47

Valuation Process ................................................................................................................................................ 49

Sales Comparison Approach ................................................................................................................................ 50

Income Capitalization Approach .......................................................................................................................... 58

Reconciliation and Final Value ............................................................................................................................. 68

Certification ......................................................................................................................................................... 70

Standard Assumptions and Limiting Conditions ................................................................................................... 71

Addenda .............................................................................................................................................................. 75

F OUR B UILDING I NDUSTRIAL C OMPLEX A PPRAISAL

Copyright © 2023 BBG, Inc. All rights reserved .