HomeMy WebLinkAboutAppraisali1I1 CUSHMAN
• 7,0 WAKERELI
4747 EXECUTIVE DRIVE, 9TH FLOOR
SAN DIEGO, CA 92121
April 24, 2013
Mr. Craig Metz
imperial Group
12675 Danielson Court, Suite 414
Poway, CA 92064
Re: Appraisal of Real Property
In a Summary Report
Vacant Land
G Avenue at 24th Street
National City, National City County, CA 91950
C&W File ID: 13-38503-900143
Dear Mr. Metz:
In fulfillment of our agreement as outlined in the Letter of Engagement, we are pleased to transmit our appraisal
of the above property in a summary report dated April 24, 2013. The effective date of value is April 17, 2013.
This appraisal report has been prepared for the Imperial Group. This is a summary appraisal, which is intended
to comply with the reporting requirements set forth under Standards Rule 2-2(b) of the Uniform Standards of
Professional Appraisal Practice. As such, it presents limited discussions of the data, reasoning, or analyses used
in the appraisal process to develop the appraisers' opinion of value. Additional supporting documentation
concerning the data, reasoning, and analyses is retained in our files. The depth of discussion contained in this
report is specific to the needs of the client and for the intended use stated below.
MARKET VALUE AS IS
Based on the agreed to Scope of Work, and as outlined in the report, we have developed an opinion that the
Market Value of the Fee Simple estate of the subject property, subject to the assumptions and limiting conditions,
ccertifications, extraordinary and hypothotical conditions, if any, and definitions, on Apii 17, 2013, was:
EIGHTEEN THOUSAND DOLLARS
$18,000
The value opinion in this report is qualified by certain assumptions, limiting conditions, certifications, and
definitions. We particularly call your attention to the extraordinary assumptions listed below.
EXTRAORDINARY ASSUMPTIONS
For a definition of Extraordinary Assumptions please see the Glossary of Terms & Definitions.
This appraisal does not employ any extraordinary assumptions.
MR. CRAIG METZ
IMPERIAL GROUP
APRIL 24, 2013
PAGE 2
CUSFHMAN & WAKEFIELD WESTERN, INC.
HYPOTHETICAL CONDITIONS
For a definition of Hypothetical Conditions please see the Glossary of Terms & Definitions.
This appraisal does not employ any Hypothetical Conditions.
This letter is invalid as an opinion of value if detached from the report, which contains the text, exhibits, and
Addenda.
Respectfully submitted,
CUSHMAN & WAKEFIELD WESTERN, INC.
Kevin M. Thene, MAI
Managing Director
California Certified General Appraiser
License No. AG003085
Expiration Date: January 26, 2014
kevin.thene@cushwake.com
858.334.4015 Office Direct
858.452.3206 Fax