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Landmark Research, Inc. / An appraisal of five warehouse properties located at 2201 Darwin Road, 2223 Darwin Road, 2601 Seiferth Road, 625 Mayfair Avenue, 2955-57 Packers Avenue as of January 1, 1985
Appendix G: Summary of property and lease data for the package of five warehouse properties appraised in this report, p. 304
Page 304
LAlND AREA. YEWZ O. CION
,.
ADDRESS ZONING (SQ..) BUILT TOT"AL C)FICE WHE TYPE
TENANTLEAED LEASE TERM AE 18
625 MAYFAIR M1 143748 1973 30000 1456 28544 STEL, MME-M4ADIS,
INC. 30000 5P-73 TO 4-88$200 500
(3.3 acres) (5%) (95%* #
15 YRS (93
2601 SE:FERTH .4 . -M! 58730 1971 12053 1160 10893 STEL NIERALPAPER
12000 6-84 70 6-85300 00
~~(1.35 acres) :(9%) (91%) ..
. 1 YR + 1 YR OPTION E 3,0/R (94
1976 7120 7120 STEL KIPP
CAT CRP. 7120 8-84 TO 7800 180
(100%)
, MNHY(18
19173
19120
2955 PACKERS M 130244 1948 .16500 820 15680 ROLLZ ME"AL
CAPITAL WHSItC CORP, 8945 9-77 1TO 9-82 94
(2-00 acres) (5%) (95%) T .... ..
5 MRS + TWO- (97
S"T EM AND
5 YR. OPTIONS;
%0DFRAMiu'N
FIRST OPT-ON-
~~~~9-82 TC 9.-87,180 11
,-, o, *
7500 8/78 TO 9,,'S2 730 94
' ....
~~5 YRS + -YR OFT(S(17
.... ~~FIRST OFT=. 9/82 TOL'an 8
15700 OLDS...
SEED CCkPNY 1.5722 8-81 TC 7_86 08 237
~~~5 YRS + 5 YR (91
32200
32167
297 PAKR 7 milS 2640 600 .. 2040 -MASNY ..... .
...... 2600 9-84 TO 9-81)580 58
(23-%) ( 77%*,-- ..
3 YRS (18
3484034767
480 BILL
ANENSIGN COMPANYBILBARD340
2223 DARIN RD. MI 40035 1977 12000 12000 STEEL DELTA
OR; 12000 4--84 TO 4-85 00 220
(100%)
YEARLY0
2201 DA~RWIN P0. MI 39053 1977 8000 8000 S7TE DELTA
S 8000 4-84 TO 4-85149 146
:
~~~YEARLY (18
3000 330 2670 MUlRPHY
M070 * 3000 7-83 TO 7-88 00 100
(0.11) (89%)
5 YRS (93
3000 270- 2730 AMBISE
CELA 3000 12-83 TO 12-86700 50
(9) (91%,I
- 3 YRS (183
14000
14000
1983 1983 1983
$/SF TOTA. TOTAL TOTAL
1984 ESCALATOR EXPESES R. £. TAX R EXPENESGM
M N101
0.00 NOE "NAT PAY ITA PAYS ANUA BILL $27000 $2630
0
HEAT, ELEC.,
WATER, SEWER
AT ALLPROPERTIES
2. 50 BUILT INM ENNIS PAY LANDLORD PAYS ANNUAL BILL 49773 21589
$28184
RNWL HEAT, ELEC.,
OFTON WATER, SEWER
2. 50 NO AT ALL PROPER'TES LANLORD PAYS ANNUAL :BILL
S CPl - IEX n WMPAY 'LAND1.0D OPASSE" 7iTUH 567778 12614
44.164
NT> 6%, HEATr LE ., NCEAE ABOVE 1977 BASE'YEAR
AN;AL: WATER, SEWER
AT ALLPROPERTIES
130 (7:Ill D)( Samne as above =TLv". r,*fT 22.'f 1% OF .f";A,'
.A.,L
NT> 6 %, AN. .I
1.52 CPQ INDE Same as aboxve:, TNV.PAYS 45% OFF TOTAL BILL
N=: 6 %, *ANNUALLY
ANNUALLY
2.26 5% INC EASESa as above TEVAN PAYS 7.6% OF TOT",AL BILL
1.85 .... M PAY ITAN PAYS ANNUAL BILL 22200 3109
19091
HEAT, ELEC.,
WATMY:_, SEWER
AT ALL PROPERTIES
1.85 NOM PAY ..... TENANT. PAYS PRtOPATA 39081 10039
29042
HEAT, ELEC. SHARE Or AVT';AL BILL
WATER,, SEWER
5.00 NOWE.. AT ALL PROPElRTIES LANLORD PASSES TiROUGH INC EAS
* JER 1982 BASE YA
2.50 CPII ENEX LANLOR PAYS LANCOLOD PAYS ANIMAL BILL
FRSNOW R040AL
mill milm I I. I 1 '11.11 11,
111MORMIRMINIM moil I Re SWIM
304
APPENDI X G
SUMMARY OF PROPERTY AND
LEASE DATA FOR THE PACKAGE
OF FIVE WAREHOUSE PROPERTIES
APPRAISED IN THIS REPORT
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