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08-13-2018
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08-13-2018
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Last modified
1/29/2025 9:16:00 AM
Creation date
5/14/2019 2:35:10 PM
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MV Commission Documents
Commission Name
Economic Development Authority
Commission Doc Type
Agenda Packets
MEETINGDATE
8/13/2018
Commission Doc Number (Ord & Res)
0
Supplemental fields
Date
8/13/2018
EDA Document Type
Council Packets
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<br />Nagell Appraisal Incorporated | 952.544.8966 Page 61 <br /> <br />Sales Comparison Approach -- continued <br /> <br /> Land Sale Comparable #6 <br /> <br /> <br />Property Data <br />Address: 9751 Xenia Avenue North, Brooklyn Park <br />PID/Legal Description: 0911921220070 <br />Description: Land parcel Zoning/Intended Use: Commercial <br />Physical Characteristics: Average Utilities: Public <br />Site Size: 77,972 SF Improvements: None <br />Comments: Commercial land purchase for a fast food restaurant. The site has a good corner location in an <br />overall stronger trade area. <br /> <br />Sale Data <br />Sale Price: $1,200,000 Price /SF: $15.39 per SF <br />Sale/Close Date: April 11, 2018 Sale Terms: Cash <br />Buyer: Chick-fil-A, Inc Sale Conditions: Typical <br />Seller: Stone Mountain Plaza <br />Enterprises, LLC Source/Verification: RediComps, CoStar / CREV <br />Comments: The property was listed on the open market. <br /> <br /> <br /> <br /> <br /> <br /> <br />
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