NVI Technical College Information

I MPROVEMENTS D ESCRIPTION 38

RENOVATION/DEFERRED MAINTENANCE

Recent Renovations or Replacements

According to information provided by current ownership, the subject has undergone an extensive renovation to the interior and exterior of the building at a reported cost of $1,600,000 with an additional $500,000 planned for HVAC repairs and updates. None noted $500,000

Deferred Maintenance Cost to Cure

SUMMARY

Building Condition

Good We did not inspect the roof of the building(s) nor make a detailed inspection of the mechanical systems. We are not qualified to render an opinion as to the adequacy or condition of these components. The client is urged to retain an expert in this field if detailed information is needed about the adequacy and condition of mechanical systems.

Building Quality Design and Functionality Actual Age Expected Economic Life Effective Age Remaining Economic Life Comments

Good Good

19 years 50 years

10 years 40 years The storage yard is fenced and located at Building IV. The yard covers approximately 14,000 SF. The yard is a mixture of gravel, and dirt.

F OUR B UILDING I NDUSTRIAL C OMPLEX A PPRAISAL

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