Laserfiche WebLink
Macy's West Acres Center <br />3902 13th Avenue South <br />Fargo, ND 58103 <br />Parcel Number <br />01-6750-00180-000, 01-6570-00200-000 <br />Gross Buidling Square Footage 114,394 <br />Gross Sales History Total Per SF <br />Twelve Months Ending <br />January 31, 2007 2006 $18,786,000 $146.74 1.64% <br />January 31, 2008 2007 $16,178,000 $141.42 -3.62% <br />January 31, 2009 2008 $15,789,000 $138.02 -2.40% <br />Stabilized Sates (Three Year Average) $16,251,000 $142.08 <br />Rent Percentage <br />Stabilized Sales $142.08 <br />3% of first $125 Per Square Foot $428,978 $3.75 <br />2% of sales between $125 and $175 $39,035 $0.34 <br />1% of sales exceeding $175 $0.00 $0.00 <br />Gross Potential Income $488,013 $4.09 <br />Source: Urban Land Institute, Dollars & Cents of Shopping Centers - 2008, pg 125 <br />U.S. Regional Shopping Centers <br />RENT-TO-; <br />Full Line Dei <br />Catego Total Rent <br />Top 2% 9.27 <br />Top 10% $7.40 <br />Survey Median $3.30 <br />SALES RATIO <br />~artment Stores <br />Retail Sales Ratio <br />$211.30 4.39% <br />.$187.34 3.95% <br />x115.79 2.85% <br />Source: Urban Land Institute, Dollars & Cents of Shopping Centers - 2008, pg 118 <br />Sales and Rent of Principal Tenants in Midwestern Regional Shopping Centers <br />RENT-TO-SALES RATIO <br />Rent: Full Line Department Stores <br />Category Total Rent Retail Sales Ratio <br />Midwestern Median 63.36 x112.20 2.99% <br />Rent Summary <br />3-2-1 Approach $4.09 Stabilized Sales <br />Survey Median $3.30 <br />Midwestern Median $3.36 <br />