Image of the City of Regina

Mini Storage Warehouse

EXECUTIVE SUMMARY 

Appraisal Cycle Date – January 1, 2017 to December 31, 2020

Effective Date of Valuation – January 1, 2015

Date of Report – December 8, 2016

 

Rent Model

Description                   $/PSF 

Base Rent                       $10.12 

 

Vacancy = 12.46%   

 

Overall Capitalization Rates

Description                                                                 Rate

Base Cap Rate                                                               6.908

Condo                                                                          -1.181

Site Coverage Adjustment, Less than 30%                       -.055

Area Adjustment, from 10,000, per 1,000sqft, to 50000     .040

Industrial Light Manufacturing Type Adjustment                -1.022

 

See Industrial Model for Sales and Sales Summary Results