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
