Retail underwriting from an address
Open-air, strip and single-tenant centers: the lease and the tenant, the site, the last sale on record and a value as is. The run below started from the address alone: The Grove, an open-air shopping center in Los Angeles.
What a retail run returns
- A value as is and a range, with the comparables behind it
- The last sale on record and the price per square foot
- Best use of the site when the tenant has gone
- Asking rents for the vacant space, from nearby leases
Full underwriting · retail
The Grove
Los Angeles, California
An open-air shopping center held on a ground lease, run from the address alone: the leasehold valued as is at $691M to $767M, eight parcels on record read, and the one document that moves the range named, the ground lease
- value as is, leasehold
- $691M to $767M
- leasable area
- 600,000 SF
- parcels on record
- 8
Черновики для проверки и подписи лицензированным специалистом; не оценка.