Laserfiche WebLink
TABLE 3 <br />RESIDUAL LAND VALUE <br />SAN LEANDRO CREEKSIDE PLAZA BUSINESS PARK <br />CORPORATION YARD SITE <br />SAN LEANDRO, CA <br />I. NET OPERATING INCOME $2,240,000 <br />II. CAPITALIZED VALUE 9% CAP RATE $24,890,000 <br />III. RESIDUAL VALUE <br />CAPITALIZED VALUE $24,890,000 <br />(LESS) DEVELOPMENT COSTS ($18,885,000) <br />(LESS) IMPUTED COST OF SALE 3% CAPITALIZED VALUE ($750,000) <br />(LESS) DEVELOPER PROFIT 12% CAPITALIZED VALUE ($2,990,000) <br />IV. RESIDUAL LAND VALUE $2,265,000 <br />PER SF OF LAND AREA $9.00 NET LAND AREA <br />Source: Cree sig ter Associates,lnc. Proforma Dated 7/14/97, KMA. <br />Prepared by: der Marston Associates, Inc. <br />Filename: 19096.001\CreeksideBusinessParkReuse.xis: proforma; 2/8/2000; WCM. <br />