02. Abatement hearing for Y&O Fargo Plaza, LLC
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02. Abatement hearing for Y&O Fargo Plaza, LLC
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Sales Comparison Analysis <br />•oue to the lack of open market arm length transactions of comparable buildings in the area, the sales comparison methodology was given nttle weight in deterrminfing the value of the subject. <br />Property Name Address City Parcel Year SF Land SF Sale Cate Sale Price Sale Price/SF Sale Price/Land Notes Built SF <br />HDM Furniture 4601 23rd Ave SW Fargo 01-7880-00100-000 2004 120,419 252,212 2/28/2020 $8,580,000 $71.25 Purchased by tenant <br />Southmoor Square 808-830 30th Ave S Fargo 5S-161-0010, 58-163-1974 67,136 273,557 12/15/2020 $3,000,000 $44.69 $10.97 Redev1opement 0060 <br />Former K-Mart 2800 27th Ave S Moorhead SS-470-0010 2013 138,580 750,539 77/11/2019 $4,250,000 $30.67 Remodeled into Moorhead High <br />School Career Academy <br />Gander Mountain 2121 43rd St NW Fargo 01-7340-00100-000 2004 66,282 308,840 2/27/2019 $3,750,000 $56.58 <br />Property Name Address City Parcel Year SF Land SF Sale Date Sale Price Sale Price/SF Notes Built <br />Fargo Plaza 442713 Aves Cass County 01-0277-00010-000 1991 95,096 365,904 2/11/2019 $6,480,000 $68.14 Open market arms-length transaction <br />r I Average �,830,432 �51 <br />Page 35
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