Page 23 - REAL ESTATE - Broker Opinion & Marketing Proposal
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USER VALUE






        Typically for properties like the subjects listed below, a user group will pay a premium if a portion of the property can
        be delivered vacant.  This premium is above what an  aggressive investor would pay for the property.  This premium
        is paid due to the utility a user can derive from occupying the property and benefiting from the rights of ownership.
        The premium typically paid for a property similar to the subjects listed is approximately 15%. Our user value is de-
        rived as follows:





              USER ANALYSIS

              INVESTMENT VALUE                    x USER PREMIUM (%)           = USER PREMIUM

              $3,269,579                          x 15.0%                      = $490,437
                                                     USER VALUE                   $3,760,015

                                                     SAY                          $3,775,000























































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