HomeMy WebLinkAboutComparable AnalysisCOMP 1
COMP 2
COMP 3
COMP 4
PROPERTY
BUILDING
STATUS
1454 NW 78 AVE INDUSTRIAL
(MIAMI INTL. COMMERCE) WAREHOUSE
3566 NW 32 Sr. INDUSTRIAL
(3 POINTS AUTO SHOP) WAREHOUSE
3599 NW 34 ST_
(NAB PAINTS)
INDUSTRIAL
WAREHOUSE
3560 NW 34 Sr. INDUSTRIAL
(CONTINENTAL FREIGHT) WAREHOUSE
SUBJECT 3320 NW 33 ST. INDUSTRIAL
PROPERTY (AVS PROPERTY) WAREHOUSE
3320 NW 33 STREET
COMPARABLE ANALYSIS
TOTAL
COST ANNUAL
SF PER SF COST
DESCRIPTION
/PRICE ADJUSTMENT CONSIDERATIONS
COST IS $8.00 BASE, $2.50 CAM (OPERATING
EXPENSES AND TAXES WHICH MAY GO UP EVERY YEAR).
WATER 1S INCLUDED. TENANT PAYS ELECTRIC.
2,130 $10.50 $22,365 BECAUSE TENANT PAYS AN EXTRA MONTHLY $1 00
GARBAGE FEE, THE EFFECTIVE PRICE PER SQUARE FOOT
INCREASES TO $1 1 .06. OVERALL, LOCATION IS TOO
FAR WEST FOR CONSIDERATION.
3,500
6,100
$9.94 $34,790
$10.50 $64,050
PRICE INCLUDES ONLY WATER. LOCATION AVAILABLE IS
ON A MUCH MORE TRAVERSED s 1 BEET AND HENCE I FCS
SECURE. THE AVAILABLE SPACE IS A DOUBLE -BAY,
TOTAIJNG TWICE AS MUCH AS WHAT IS NEEDED.
1 ,100 SF WAS BUILT TO SPEC OFFICES. PRICE
INCLUDES $1 50,000 WORTH OF IMPROVEMENTS WHICH
WAS AMORTIZED INTO THE LEASE OVER THE 5 YEAR TERM
AT 1 0%. ALTHOUGH THE BUILDING IS IN AN IDEAL
LOCATION, THE SPACE OF EACH UNIT IS 3X'S AS MUCH
THAT IS NEEDED AND NO SUBDIVIDING IS POSSIBLE.
ALTHOUGH CLOSE TO SUBJECT PROPERTY AND IDEAL
8,500 $8.47 $71 ,995 LOCATION, THIS WAREHOUSE IS 4X'S AS LARGE AS
NEEDED AND DOES NOT HAVE DRIVE IN BAYS.
2,000
$1 1.00 $22,000
SUBJECT PROPERTY WAS CONSTRUCTED IN 2003;
LOCATED IN QUIET, SECLUDED BLOCK WHICH IS IDEAL;
OWNER'S REAL ESTATE TAXES AND INSURANCE ARE
INCLUDED IN THE BASE PRICE. VACANCY IN THE AREA
FOR COMPARABLY SIZED PROPERTIES WAS NOT FOUND.