MCCALLEN & SONS, INC.

Relevant Cases

Bellingham Surgery Center

Asset Class: Medical Office

Lender’s Most Recent Appraisal: $5.8 mil

Sales Price: $7,160,000

Federal Way Strip Center

Asset Class:

Lender’s Most Recent Appraisal: $1,075,000

Sales Price: $1,185,000

Difference: $115,000   (+11%)

REET Savings: $21,093


Port Angeles Retail Center

Asset Class:

Lender’s Most Recent Appraisal: $360,000

Sales Price: $460,000

Difference:  $100,000   (+28%)

Metro Mart Pasco

Asset Class:

Lender’s Most Recent Appraisal: $800,0000

Sales Price: $1,250,000

Difference:  $450,000     +56%

REET Savings: $21,360

Mukilteo 4-Plex

Asset Class:

Lender’s Most Recent Appraisal: $275,000

Sales Price: $350,000

Difference:  $75,000   (+27%)

REET Savings: $6,230

Mt. Vernon Strip Mall

Asset Class:

Lender’s Most Recent Appraisal: $750,000

Sales Price: $950,000

Difference: $200,000 (+27%)

REET Savings: $16,910