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 – October 2, 2018

 

Rent Model

Description                   $/PSF 

Base Rent                       $10.12 

Vacancy = 12.46%

Overall Capitalization Rates 

Description

Rate

Base Cap Rate

6.979

Condo

-1.248

Site Coverage Adjustment, Less than 30%, to minimum 9%

-0.063

Area Adjustment, from 10,000, per 1000sqft, to 50,000

0.039

Industrial Light Manufacturing Type Adjustment

-1.048

 

See Industrial Model for Sales and Sales Summary Results