NVI Technical College Information

S ALES C OMPARISON A PPROACH 52

C OMPARABLE I MPROVED S ALES S UMMARY

SUMMARY OF IMPROVED SALES

Site Size (SF) (Acres)

Bldg. Size (SF Net) (SF Gross)

Land-to Building Ratio Occup.

Comp No.

Date of Sale / Status

Year Built / Renovated

Site Size (SF)

Site Size (Acres)

Price per SF (Gross)

Property Rights Property Use

Sale Price

Property / Location

Sky Harbor Industrial Park 3100 Arnold Lane Northbrook, IL

Aug-23 Closed

Industrial Flex / Showroom

59,677 1.37

23,750 23,750

1

Fee Simple

1980

59,677

1.37

2.51 : 1

100% $1,757,000

$73.98

Associated Materials Corporate Campus 3773 State Road Cuyahoga Falls, OH Nate Perry Elementary School 7053 Buckley Road Liverpool, NY Northpoint Business center 800 South Northpoint Boulevard Waukegan, IL

Feb-23 Closed

Industrial Manufacturing

1,501,165 34.46

647,000 647,000

2

Fee Simple

1959 1,501,165 34.46

2.32 : 1

100% $55,967,320 $86.50

Aug-22 Closed

Institutional Use School

1,169,586 26.85

45,228 45,228

3

Fee Simple

1957 1,169,586 26.85

25.86 : 1

0% $3,900,000

$86.23

Jan-22 Closed

Industrial Manufacturing

1,630,451 37.43

363,027 363,027

4

Fee Simple

1995 / 2007 1,630,451 37.43

4.49 : 1

0% $31,500,000 $86.77

Elm City Middle School 794 Dixwell Avenue New Haven, CT Four Building Industrial Complex 500 Innovation Drive Blairsville, Pennsylvania

Dec-21 Closed

Institutional Use School

81,893 1.88

31,048 31,048

5

Fee Simple

1937

81,893

1.88

2.64 : 1

0% $2,450,000

$78.91

Institutional Use School

1,150,812 26.42

282,125 282,125

Subj.

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Fee Simple

2004 / 2021 1,150,812 26.42

4.08 : 1

100%

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COMMENTS

1 - Owner User Sale 2 - Sale/Leaseback Document #56798279

3 - This 45,228 square foot elementary school recently sold for $3,900,000 or $86.23/SF. The buyer purchased this property for owner-occupancy. The property was 5 miles north of Syracuse, and was formerly occupied by an elementary school. This property had frontage along two local roadways and appeared adequate for continued use for educational purposes. 4 - Document #2201319014 5 - This 31,048 square foot former middle school recently sold for $2,450,000 or $78.91/SF. The buyer purchased this property for owner occupancy. The buyer, APT Foundation, Inc. is a subsidiary of Yale University, and Yale was located one mile south of this property. The school is located in an area which is walkable, close to numerous amenities nearby. The building was in average/good condition at the time of the sale.

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