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
