NVI Technical College Information

S ALES C OMPARISON A PPROACH 53

C OMPARABLE I MPROVED S ALES A DJUSTMENT G RID

COMPARABLE SALE SUMMARIES AND ADJUSTMENTS

Property / Location

Subject

Comp 1

Comp 2

Comp 3

Comp 4

Comp 5

Property / Location

Four Building Industrial Complex 500 Innovation Drive Blairsville, Pennsylvania

Sky Harbor Industrial Park 3100 Arnold Lane Northbrook, IL

Associated Materials Corporate Campus 3773 State Road Cuyahoga Falls, OH

Nate Perry Elementary School 7053 Buckley Road Liverpool, NY

Northpoint Business center 800 South

Elm City Middle School 794 Dixwell Avenue New Haven, CT

Northpoint Boulevard Waukegan, IL

Date of Sale / Status

---

Aug-23 Closed

Feb-23 Closed

Aug-22 Closed

Jan-22 Closed

Dec-21 Closed

Property Rights

Fee Simple

Fee Simple

Fee Simple

Fee Simple

Fee Simple

Fee Simple

No. Units

0

1

1

1

1

1

Bldg. Size (SF Net) Bldg. Size (SF Gross)

282,125 282,125

23,750 23,750 59,677

647,000 647,000

45,228 45,228

363,027 363,027

31,048 31,048 81,893

Site Size (SF)

1,150,812

1,501,165

1,169,586

1,630,451

Site Size (Acres)

26.42 100%

1.37

34.46 100%

26.85

37.43

1.88

Occup.

100%

0%

0%

0%

Sale Price

---

$1,757,000

$55,967,320

$3,900,000

$31,500,000

$2,450,000

NOI PSF

$6.55 8.50%

$0.00 0.00% $73.98

$0.00 0.00% $86.50

$0.00 0.00% $86.23

$0.00 0.00% $86.77

$0.00 0.00% $78.91

Overall Rate

Unadjusted Price per SF (Gross) Transactional Adjustments Property Rights Conveyed

-----

Fee Simple

Fee Simple

Fee Simple

Fee Simple

Fee Simple

Fee Simple

Adjustment

0%

0%

0%

0%

0%

Financing

Adjustment

0%

0%

0%

0%

0%

Terms/Conditions of Sale Adjustment Expenditures After Sale Adjustment

0%

0%

0%

0%

0%

0%

0%

0%

0%

0%

Market Conditions

Nov-23

Aug-23

Feb-23

Aug-22

Jan-22

Dec-21

Adjustment

0% 0%

0% 0%

-5% -5%

-5% -5%

0% 0%

Total Transactional Adjustments Adjusted Price per SF (Gross)

$73.98

$86.50

$81.92

$82.43

$78.91

Property Adjustments

Superior

Superior

Similar

Superior

Superior

Location

-15%

-15%

0%

-5%

-10%

282,125

23,750

647,000

45,228

363,027

31,048

Property Size SF (Gross)

-30%

15%

-25%

5%

-30%

Inferior

Inferior

Inferior

Inferior

Inferior

Effective Age

20%

10%

20%

10%

30%

Good

Inferior

Superior

Simialr

Superior

Superior

Quality

10%

-10%

0%

-10%

-10%

4.08 : 1

2.51 : 1

2.32 : 1

25.86 : 1

4.49 : 1

2.64 : 1

Land-To-Building Ratio

5%

5%

-15%

0%

5%

Inferior

Superior

Inferior

Superior

Inferior

Design / Appeal

10%

-10%

10%

-10%

10%

Total Property Adjustments

0%

-5%

-10%

-10%

-5%

Indication for Subject

$73.98

$82.18

$73.73

$74.19

$74.96

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