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Sales Comparison Approach -- continued <br /> COMPARABLE 4 <br /> <br />Location: 18201 Carson Street, Elk River <br />Proximity: '/4 mile southwest <br />Zoning/Use: C-3, Highway Commercial / 2 Strip Retail Centers <br />Legal/PID: 75-759-0115 & 75-759-0110 <br />Site SF: 178,160 SF <br />Buyer: Elk River 2006, LLC <br />Seller: Carson Business Park, LLC <br />Source: Appraiser's files <br />Unpaid Specials: None reported <br />Terms: Cash <br />Date of Sale: August 2006 <br />Price: $2,120,000 <br />Topography/Soil: Mostly level /Assumed average in upland areas <br />Utilities: Available <br /> <br />Comments: Fronts directly on Highway 169. Located across <br />highway from Walmart retail development. Significant <br />amount of frontage on Highway 169. <br />Unit Price: $11.90 per SF <br />24 Nagell Appraisal & Consulting ~ 952-544-8966 ~ www.callnagell.com <br />