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<br />Nagell Appraisal Incorporated | 952.544.8966 Page 57 <br /> <br />Sales Comparison Approach -- continued <br /> <br /> Land Sale Comparable #2 <br /> <br /> <br />Property Data <br />Address: XXX Hazelwood Street, St. Paul <br />PID/Legal Description: 032922240016 <br />Description: Land parcel Zoning/Intended Use: Commercial <br />Physical Characteristics: Average Utilities: Public <br />Site Size: 406,415 SF Improvements: None <br />Comments: <br />Commercial land that was used to bracket the subject site size. The property is similar to the <br />subject, with some frontage on a busy road (Beam Avenue) and a majority of the site with less <br />frontage. <br /> <br />Sale Data <br />Sale Price: $3,757,942 Price /SF: $9.25 per SF <br />Sale/Close Date: July 29, 2016 Sale Terms: Financing <br />Buyer: Hazelwood Medical Building, <br />LLC Sale Conditions: Typical <br />Seller: VoranDeSoto LLC Source/Verification: RediComps, CoStar / CREV <br />Comments: The sale was privately negotiated between the buyer and seller. <br /> <br /> <br /> <br />