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Sales Comparison Approach -- continued <br /> COMPARABLE 1 <br /> P <br />i <br /> <br />17f'rN AV! <br />Location: 11150 - 179th Avenue NW, Elk River <br />Proximity: '/4 mile south <br />Zoning/Use: Planned Unit Development /Big Box Retail <br />Legal/PID: 75-747-0105 <br />Site SF: 144,619 SF <br />Buyer: AMT Management II, LLC <br />Seller: Assoc. Investors of Elk River & Elk River Business Park <br />Source: CREV, County <br />Unpaid Specials: None reported <br />Terms: N/A-Assumed Cash Equivalency <br />Date of Sale: December 2005 <br />Price: $972,570 <br />Topography/Soil: Mostly level /Assumed average in upland areas <br />Utilities: Available <br /> <br />Comments: Currently has good visibility from Highway 169, <br />however, does not have direct frontage. Developed <br />with a Tractor Supply Co. retail store. <br />Unit Price: $6.73 per SF <br />Nagell Appraisal ~ Consulting ~ 952-544-8966 (www.callnagell.com 21 <br />