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<br />402 25 St N <br />Parcel Number 01-7380-00100-000 Owner:Security Self Storage <br /> <br />Market Comparison <br /> <br />This property was reappraised for the 2006. Our value went from $1,094,300 to $1,376,200. <br />This amounts to $26.55 per square foot. Recent sales of mini storage properties are as follows: <br /> <br /> Address sale sale Mini strg. additional $/sq. ft $/sq. ft. <br /> dale amount sq. footage structures mini only all bldgs <br /> 3070 39 St S 1/3105 $ 615,000 22,500 1,200 $ 27.33 $ 25.95 <br /> 61042SlN 10/5101 $ 625,000 29,000 $ 21.55 $ 21.55 <br />Moorhead 201 21 Sl S 10/1/03 $ 816,000 31,700 $ 25.74 $ 25.74 <br />Other sale' $ 31.45 $ 31.45 <br />* <br /> <br />Other sale is an early 2005 sale on the south side with over 30,000 square feet of mini storage and <br />no other buildings. Excess land involved in the sale has been factored out of the result listed. <br /> <br />Subject: <br />Listing:j: 402 25 Sl N <br />Assessed <br /> <br />2002 <br /> <br />$ 3,400,000 <br />$ 1,376,200 <br /> <br />49,000 <br />51,825 <br /> <br />3,200 $ 69.39 $ 65.13 <br />3,200 $ 26.55 $ 25.01 <br /> <br />:j: Listed for sale on 'Loopnet' in 2002 <br /> <br />Cost: <br />The cost calculations that follow are based on figures submitted by the appellants at the City <br />Board of Equalization with the exception of the calculations under Gateway Building Systems. <br />The figure for the mini storage is from Gateway. <br /> <br />Gateway Building Systems has constructed many mini storage buildings in Fargo including <br />buildings at 402 25 St Nand 3825 34 Ave S. <br /> <br />Cost figures from Security Self Storage Gateway Building Systems <br />4/11/2006 <br />Mini slge. 51,825 13.55 $ 702,229 $ 16.00 $ 829,200 <br />Office/res. $ 140,000 $ 140,000 <br />Paving 70,000 $ 2.90 $ 203,000 $ 203,000 <br />Land 139,056 $ 2.00 $ 278,112 $ 278,112 <br />Total $ 1,323,341 $1,450,312 <br /> <br />E)(.h,b,'f- <br /> <br />till <br />N <br />