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<br />. <br /> <br />. <br /> <br />., <br /> <br /> <br />...... <br /> <br />~ <br />'> <br />-l <br />m <br />~ <br />l~ <br />i~ <br />~ .J- <br />~ r <br />liw I <br />':2. 1- <br />11-1 <br />iici I <br />iidl ~ <br />ii 'S I <br />.. z <br />fL- <br />.0 <br /> <br />CIS> <br />"'" <br /> <br />U6' <br /> <br />" <br /> <br />"2/5 <br /> <br />IFP 2~02 - <br /> <br />Land Sale #1: <br /> <br />12334-12370 Business Park Boulevard <br />Champlin, MN <br /> <br />Legal Description: <br /> <br />Lengthy, on file. <br /> <br />Buyer/Seller: <br /> <br />Wiley Properties, LLC/Belko, Engels, and Marx <br /> <br />Zoning: <br /> <br />C-2, Genera] Business District <br /> <br />Land Area: <br /> <br />]61,249 SF or 3.70 acres <br /> <br />Sale Date: <br /> <br />July 2004 <br /> <br />Sale Price: <br /> <br />$],276,878 (includes assumed specials and <br />demolition costs to buyer) <br /> <br />Indicated Factor: <br /> <br />$7.92/SF <br /> <br />This property is located along the east side frontage road of U.S. Highway 169 in <br />Champlin, about 2/3 mile south of the Mississippi River. The buyer assumed <br />approximately $17,000 in outstanding special assessments. Severa] small buildings of <br />meta] and/or frame constructiou had to be removed by the buyer. The appraisers <br />estimate $50,000 in demo costs. The above sale price includes the specials and demo <br />costs. The comprehensive plan guides the land to office/medical purposes, and the <br />buyer intends to develop a medica] health campus. <br /> <br />BRKW APPRAISALS, INC. <br /> <br />PAGE 31 <br />