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<br /> Page 50 Nagell Appraisal Incorporated | 952.544.8966 <br />Sales Comparison Approach -- continued <br /> <br /> Land Sale Comparable #5 <br /> <br /> <br />Property Data <br />Address: 8460 Franlo Road, Eden Prairie <br />PID/Legal Description: 14-116-22-34-0012 <br />Description: Land parcel Zoning/Intended Use: Senior Apartments <br />Physical Characteristics: Average Utilities: Public <br />Site Size: 40,075 SF Improvements: None <br />Comments: Vacant land that was purchased as part of an assemblage scenario for senior living <br />apartments. There are 41 units allocated to the site. <br /> <br />Sale Data <br />Sale Price: $765,000 Price/Unit: $18,659 per unit <br />Sale/Close Date: June 7, 2018 Sale Terms: Cash <br />Buyer: Eden Prairie Senior Living <br />LLC Sale Conditions: Typical <br />Seller: Robert & Condit Bouten Source/Verification: RediComps / CREV <br />Comments: The property was listed on the open market. <br /> <br /> <br /> <br /> <br /> <br /> <br />