HomeMy WebLinkAbout1994-11-28 Board of Selectmen Supplemental Materials Sheet1
Robert Redfern Appraisal: Prepared for Town of North Andover, November 28, 1994 Ryan Appraisal: Prepared for Textile Museum Trustees
Low End High End High End
Gross Area: 301000 Gross Area: 301000
Price per SF. $ 2.00 $ 2.25 Price per SF. $ 4.75
Gross Rent $ 601000 $ 671500 Gross Rent $ 1421500
Less Vacancy/Debt 121000 131500 Less Vacancy/Debt 281500
Expenses Per Appraisal Report 51760 61450 Expenses Per Appraisal Report 351910
Net Operating Income: $ 421240 $ 471550 Net Operating Income: $ 781090
Capitalization Rate 12.0% 12.0% Capitalization Rate 17.5%
Value Equals NOI/Cap. Rate $ 3521000 $ 3961250 Value Equals NOI/Cap. Rate $ 4461229
Ryan Appraisal: Prepared for Textile Museum Trustees
High End
Gross Area: 301000
Price per SF. $ 3.50
Gross Rent $ 1051000
Less Vacancy/Debt 211000
Expenses Per Appraisal Report 16,000
Net Operating Income: $ 681000
Capitalization Rate 14.8% 147.5
Value Equals NOI/Cap. Rate $ 4611017
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