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Depiction o£Premiscs
EXHIBIT D
COMPARABLE ANALYSIS
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TOTAL
BUILDING
COST
ANNUAL
DESCRIPTION
PROPERLY
STATUS SF
PER SF
co:i
/PRICE ADJUSTMENT CONSIDERATIONS
COST IS $8.00 BASE, $2.50 CAM (OPERATING EXPENSES AND TAXES
WHICH MAY GO UP EVERY YEAR). WATER IS INCLUDED. TENANT PAYS
COMP 1
1 454 NW 76 AVE
INDUSTRIAL
2.130
$10.50
$22.365
ELECTRIC. BECAUSE TENANT PAYS AN EXTRA MONTHLY $100
(MIAMI INII_ COMMERCE)
WAREHOUSE
GARBAGE FEE, THE EFFECTIVE PRICE PER SQUARE FOOT INCREASES TO
$17.06. OVERALL, LOCATION IS TOO FAR WEST FOR CONSIDERATION.
PRICE INCLUDES ONLY WATER. LOCATION AVAILABLE IS ON A MUCH
3566 NW 32 ST,
INDUSTRIAL 3,500
$9.94
$34,790
MORE TRAVERSED STREET AND HENCE LESS SECURE. THE AVAILABLE
COMP 2
(3 POINTS AUTO SHOP)
WAREHOUSE
SPACE ISA DOUBLE -BAY, TOTALING TWICE AS MUCH AS WHAT IS
NEEDED.
1 ,100 SF WAS BUILTTO SPEC OFFICES PRICE INCLUDES $150,000
WORTH OF IMPROVEMENTS WHICH WASAMORTIZEO INTO THE LEASE
COMPS
3599 NW 345T.
INDUSTRIAL
6,100
$10.50
$64,050
OVER THE 5 YEAR TERM AT IO%. ALTHOUGH THE BUILDING IS IN AN
(NAB PAINTS)
WAREHOUSE
IDEAL LOCATION, THE SPACE OF EACH UNIT IS 3X'S AS MUCH THAT IS
NEEDED AND NO SUBDIVIDING IS POSSIBLE.
I
CLOSE TO SUBJECT PROPERTY AND IDEAL LOCATION, THIS
COMP 4
3560 NW 34 ST.
INDUSTRIAL 8,500
8.500
$8.47
$71,995
WAREHOUSE IS 4X'5 AS LARGE AS NEEDED AND DOES NOT HAVE DRIVE
(CONTINENTAL FREIGHTS
WAREHOUSE
ININ BAYS.
i
SUBJECT PROPERTY WAS CONSTRUCTED IN 2008; LOCATED IN QUIET,
SUBJECT
3320 NW 33 ST.
INDUSTRIAL 2,000
$11.00
$22,000
SECLUDED BLOCK WHICH IS IDEAL; OWNER'S REAL ESTATE TAXES
PROPERTY
(AVS PROPERTY)
WAREHOUSE
AND INSURANCE ARE INCLUDED IN THE BASE PRICE. VACANCY IN THE
AREA FOR COMPARABLY SIZED PROPERTIES WAS NOT FOUND.
SUBJECT PROPERTY IS USED BY INTERNALS AFFAIRS DIVISION, WHOSE
MAIN OFFICE IS LOCATED 1 BLOCK WEST. THE PROXIMITY OF
WAREHOUSE TO OFFICE IS OF PRIME IMPORTANCE; CHARGE OF
14.29 INCLUDES A BASE OF $12-00 SF AND $2.29 FOR OWNER'S
REAL ESTATE TAXES, AND CAM. VACANCY IN THE AREA FOR
COMPARABLY SIZED PROPERTIES WAS NOT FOUND.
"THE LOCATION OF THE WAREHOUSE IS EXTREMELY IMPORTANT
SUBJECT OFFICE WAREHOUSE 1.326 $14.29 $18.948 BECAUSE OF THE PROXIMITY TO OUR OFFICE. THI5 WAREHOUSE IS
PROPERTY USED BY US ON A DAILY BASIS FOR UNDERCOVER OPERATIONS AND
DOWN LOADS OF VIDEO SURVEILLANCE EQUIPMENT. A DIFFERENT
LOCATION WOULD BE COUNTER PRODUCTIVE FOR OUR OPERATIONS.
KEEP IN MIND THAT ALL COMPUTER HOOKUPS ARE ON LINE AND
CHANGING LOCATIONS WOULD INCUR ADDITIONAL HIGH EXPENSES."