Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The subject is a 44,000 SF warehouse building ( 12% of the total square footage has office buildout). The property has a 64,000SF parking lot

image text in transcribed
The subject is a 44,000 SF warehouse building ( 12% of the total square footage has office buildout). The property has a 64,000SF parking lot on a 6.10 -acre lot. Land values in the area are $2.45/SF of land. Hard costs = - Warehouse building construction: $67.00/SF of building - Interior office build-out: Additional $91.00/SF of building for the square footage of the building with office build-out only (so, a total of $158/SF for the portion of the building that has office-build out) - Parking lot =$7.50/SF of parking lot Soft costs =5% Entrepreneurial incentive =10% Effective age: 15 years Economic life: 50 years Round your final value to the nearest $10,000. Round all other answers to the nearest dollar. You must present the following: - Hard costs for the building, in whole dollars - Hard costs for the office build-out, in whole dollars - Hard costs for the parking lot, in whole dollars - Total hard costs, in whole dollars - Soft costs, in whole dollars - Entrepreneurial incentive, in whole dollars - Replacement cost new, in whole dollars - Replacement cost new, in S/SF of building - Depreciation, in whole dollars - Depreciated building cost, in whole dollars - Land value, in whole dollars - Land value, in \$/acre - Value from the cost approach, in whole dollars - Value from the cost approach, in S/SF of building

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

External Quality Audit Has It Improved Quality Assurance In Universities

Authors: Mahsood Shah, Chenicheri Sid Nair

1st Edition

1843346761, 978-1843346760

More Books

Students also viewed these Accounting questions

Question

What is conservative approach ?

Answered: 1 week ago

Question

What are the basic financial decisions ?

Answered: 1 week ago