Comparable Market Analysis
Tuesday, July 1, 2014
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Fred Braun Century. 21 Freedom Realty - Kenai 502 Lake Street, Suite #2 Kenai, AK 99611 [email protected] http://kenaipeninsularealestate.com
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The proposed Lease Space that AELAS is interested in Leasing from the Kenai Peninsula Borough is an area measuring 50' X 150' for a total of7,500 sq. ft. It is located in the North Wing and within the interior of the old Nikiski Elementary School @ Mile 24 or 50097 North Kenai Spur Hwy. in Nikiski. The concrete block walls appear to be approximately 1 foot thick and would have a much better insulation and energy saving value as well as a more desirable interior/exterior noise suppression factor for the intended use. The portion of the building under discussion has 3 double door entry ways, 4 classrooms and one centrally located entry with restrooms and a storage area. Each classroom area has its own water and drainage system and the entire space appears to be in relatively good condition for a structure this age. Other than minor painting and misc. Tenant improvements the overall condition and location of this facility would more than adequately meet the proposed needs of a facility such as DAPL (Domestic Animal Protection League)
Attached are several MLS (Multiple Listed Properties) Commercial Lease properties located in the area showing current rates. Some are listed by the total monthly Lease rate amount and other's by the price per sq. ft. This Broker's Opinion of Value does not detail items that are sometime viewed as 'extras' or that may be considered additions to a normal Gross Lease Contract such as fencing, utilities, snow removal, Insurance, maintenance, garbage removal, lawn care, janitorial or several other items.
This Report is intended to show average Market Price of Commercial Lease space and is not intended to show exact value, price or determination of price of the subject space currently under discussion.
This Report compiled by Fred Braun - Associate Broker In Charge Century 21 Freedom Realty -Kenai Office Alaska Real Estate License #14729
This report is not an appraisal and is not intended to meet the requirements set out in the Uniform Standards of Appraisal Practice. If an appraisal Is desired, the services of a licensed appraiser should be obtained. _P~eiJ.ared for ~-E~ /Tim Colbath CEO
Subject Property Description
~- .. ..,, __. --- ' 50097 Kenai Spur Hwy. · . · · Nikiski, Alaska 99635
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·-- ---·· -·; --.------,---~ ,. ~ ------~ -- 'SF-Res.·,- 7,500 -----. ~ -- -- ;SF-Lot · · . . . - . . - N/A L_ ~------· "------.-- •• : ··--··· ------· f:~~~ag~·-~:-~:-- _-_. -._·:·~~--~-- -__-- . _. _____ ' N/A ·:-·------"';'·----.- -- --·------;~--- ... _·--·------· ------; !Year Built : N/A ConstructiC>ri ·Status: ·. · Existing ~------·--";____ ··-~-~ ·---~-- Kenai Peninsula Borough http:/ /ak-kenai-property.governmax.com/propertymax/GRM/tab_parce ..
Peninsula Borough, Alaska Site Provided by ... 1'\~~;e~:::m g Department governmax.com 1.11
Parcel Number Parcel 1 of 1
Property Info Parcel Certified Assess Print View Parcel Number Tax Account Parcel Address Total Value Data as of Year Tax Record NE.WI -+ 01221004 50097 KENAI SPUR HWY, $11,800,400 6/1/2014 2014 Improvements Assessment History Owner Information Searches Owner Name KENAI PENINSULA BOROUGH Parcel Number Owner Address 144 N BINKLEY ST Owner SOLDOTNA AK 99669-7520 Address Transfer Date 11/13/1972 Document# Functions Deed Book/Pa~e Welcome Page Property Search Contact Us · Location I Description Help Taxing Unit 55 Base MAP NK19 Return to KPB Home Deeded Acreage 10.0000 Legal Desc. T 7N R 12W SEC 9 Seward Meridian Login I Logout KN 0001362 NORTH KENAI SCHOOL SITE TRACT A
Parcel Type Property Class Code 850 General Institutional
Assessment Information Certified Land Value $34,400 Certified Imp. Value $11,766,000 Certified Total Value $11,800,400 Prior Land Value $34,400 Prior Imp. Value $11,766,000
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Disclaimer I Privacy
1 ofl 6/30/2014 6:00 Plv Kenat Peninsula Borough http:/ /ak-kenai-property.governmax.com/propertymax/GRM/tab_ impro.
Peninsula Borough, Alaska Site Provided by ... f'\~:se~;~•ng Department governmax.com 1.13 Improvements Parcel Number ~~lf!l~~ 1 of 1
Property Info Parcel Certified Assess Tax Record NJ::WJ -+ Parcel Number Tax Account Parcel Address Data as of Total Value Year Improvements 01221004 50097 KENAI SPUR HWY, $11,800,400 6/1/2014 2014 Print View Assessment History
Searches Improvements Parcel Number View Use Code Building # ID# Constructed Grade Square Certified Owner Yr. Ft. Value Address SCHOOL C01 01 1982 Avg 50,068 $11,766,000 Improvement Abbreviations & Descriptions Functions Welcome Page Property Search Contact Us Help Return to KPB Home Login I Logout
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Disclaimer I Privacy
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Thlt NPIIpt_. To ... .,.,..~ 211).28, / UN~ -~~ DREW SUB il3 KN07500n _,_ 250-12, NIKISKI PARK SUB KN0820130 -- -· 250-31 DREW SUB ADDN NO 4 KN2011100 ltWI· At.....-. .... ,..,... ,_,In nr.- TO -35 210-36 ~ P trcel ...... -·· ·~ lntlrdlla· KPB Parcel Viewer
Printed: Jun 30, 2014 The hwy side of building with parking area. We are only looking at the blue metal trimmed building. The adjoining sections to the left are to be demolished.
1 parking lot side of center entrance.
To the right of the central entrance- end farthest from parking lot.
3 End of building farthest from parking area.
4 The rear entrance, 2 sets of double doors
5 Inside- taken through a window- sink and water in each classroom
6 Shows the building full length. Building stops where the blue trim stops. 4 classrooms and the central entrance.
7 0 ------
This is the center entrance area. 2 sets of double doors.
2 Front entrance area, 2 sets of double doors. CMA: Subject and Comparable Properties Prepared for AELAS I Tim Colbath CEO
50097 Kenai Spur Hwy. Nikiski Alaska 99635 KenaiAK CMA: Subject and Comparable Properties Prepared for AELAS I Tim Colbath CEO
50097 Kenai Spur Hwy. 000 Kena i Spur Highway 281 Marathon Road Nikiski Alaska 99635 North Kenai AK Kenai AK CMA: Subject and Comparable Properties Prepared for AELAS 1 Tim Colbath CEO
50097 Kenai Spur Hwy. 35036 Kenai Spur Highway 12498 Kenai Spur Hi ghway # 3 Nikiski Alaska 99635 Soldotna AK Kenai AK CMA: Subject and Comparable Properties Prepared for AELAS 1 Tim Colbath CEO
Subject 14-3636 14-5699 14-5705
50097 Kenai Spur Hwy. 53455 Bystedt Avenue 10819 Kena i Spur Highway # 40 412 Frontage Road Nikiski Alaska 99635 North Kenai AK Kenai AK Kena i AK Distance From Subject List Price $7,330 $1.10 $1.10 Original List Price $7,330 $1.10 $1.10 Sold Price Status Active Active Active Status Date 03/26/2014 04/29/2014 04/29/2014 Agent Days on Market 97 65 64 Adjustment +I- +I- +I- Beds N/A Baths N/A SF-Res 7,500 5,800 870 4,700 SF-Lot N/A 23 086.80 Garage # N/A Year Built N/A Construction Status Existing Adjusted Price $1 $7,330 $1 $1 Price Per SF-Res $1.26 $0.00 $0.00 CMA: Subject and Comparable Properties Prepared for AELAS I Tim Colbath CEO
Subject 13-16341
50097 Kenai Spur Hwy. 503 Bridge Access Road 608 Bridge Access Road 50495 Onslow Avenue Nikiski Alaska 99635 Kena i AK Kenai AK Kena i AK Distance From Subject List Price $3,000 $0.75 $2,500 Original List Price $0.66 $0.75 $2,500 Sold Price $3,000 $0.55 $2,500 Status So ld Sold Sold Status Date 10/25/2013 03/20/2014 03/27/2014 Agent Days on Market 21 123 34 Adjustment +I- +I- +I- Beds N/A Baths N/A SF-Res 7,500 4,366 8,562 4,000 SF-Lot N/A 6098.40 39640.00 Garage # N/A Year Built N/A Construction Status Existing Adjusted Price $1 $3,000 $1 $2,500 Price Per SF-Res $0.69 $0.00 $0 .62 -·-- ··-,---~ ------· .. -'- ... .. Pr~p~r~d.!.or A~~/ !im co.lbath ceo··
Price Analysis Summary of Closed Listings . · ·· · : ·
13-14723 i 503 Bridge Access Road, Kenai AK I 13-16341 1608 Bridge Access Road,' Kenai AK; -. 14-2057 i 50495 Onslow Avenue Kenai AK -;
Suinmary of Active· Listings
53740 Commerce Avenue, North Kenai AK : $1.40 i 351 $1.40 ~ $1.40 14-3636 53455 Bystedt Avenue, North Kenai AK $7,330. 97 $7,330 i _, $7,330 ! 12-14951 000 Kenai Spur Highway, North Kenai AK $1.35 i 594 $1.35 i $1.35 07-67 i 11312 Kenai Spur Highway #21, Kenai AK : $0.60! 2731 $0.60 i - ; $0.60 07-66 ! 11312 Kenai Spur Highway #25, Kenai AK i $0.60 i 2731 $0.60 i $0.60 I 07-68 : 11312 Kenai Spur Highway #3, Kenai AK $0.50. 2731 $0.5o: $0.50 13-12086 ! 12498 Kenai Spur Highway #3, Kenai AK ' $1,500; 327 $1,400; $1,400 14-5699 10819 Kenai Spur Highway #40, Kenai AK i $1.10: 65 $1.10. $1.10 14-5705 412 Frontage Road, Kenai AK $1.10: 64 $1.10 $1.10 11-2026 13936 Kenai Spur Highway, Kenai AK $0.40. 1196 $0.40 $0.40 13-987 281 Marathon Road, Kenai AK $0.55: 462 $0.55 $0.55 13-10379 35036 Kenai hway, Soldotna AK 353 1.18; 1.18
Selection Criteria for Comparable Properties
Specified listings from the following search: Property type Commercial Lease; Status of 'Active', 'Cancelled', 'Closed', 'Expired', 'Pending'; Region of '1- Southcentral Alaska Region'; Borough/Census Area of '1B- Kenai Peninsula Borough'; Area of '300- North Kenai', '305- Kenai', '310- Kalifornsky Beach', '330- Soldotna', '335- Ridgeway'; Date-Expiration between '7/1/2012' and '7/1/2024'; Date-Pending between '7/1/2013' and '7/1/2024'; Date-Leased between '7/1/2012' and '7/1/2024'; Date-Canceled between '7/1/2012' and '7/1/2024'. --. ~--~ -- ...... -- " $ • --. ·' •••• - -.- ---- •••• -·- - -- - .. - f CMA: Comparison Based on-SF-Res P;~p~~~d forAE~/~Tim.Colbath CEO ·. .._ __ .: -· .:.____ ~-. -- ' -- - . '--~- -- . -- .. - ' .. - •. ---' ...... ··-
: 53740 Commerce Avenue 1 North Kenai AK $1.40: $0.00 14-3636 : 53455 Bystedt Avenue 1 North Kenai AK $71330; $1.26 12-14951 : 000 Kenai Spur Highway 1 North Kenai AK $1.35 i $0.00 07-67 r 11312 Kenai Spur Highway #211 Kenai AK $0.60' $0.00 07-66 ; 11312 Kenai Spur Highway #251 Kenai AK $0.60: $0.00 07-68 i 11312 Kenai Spur Highway #31 Kenai AK $0.50; $0.00 13-12086 · 12498 Kenai Spur Highway #31 Kenai AK $11400: $0.70 14-5699 : 10819 Kenai Spur Highway #401 Kenai AK $1.10i $0.00 13-14723 i 503 Bridge Access Road 1 Kenai AK $31000: $0.69 14-5705 ; 412 Frontage Road 1 Kenai AK $1.10. $0.00 13-16341 i 608 Bridge Access Road 1 Kenai AK $0.55: $0.00 1 11-2026 13936 Kenai Spur Highway 1 Kenai AK $0.40: $0.00 ' 13-987 : 281 Marathon Road 1 Kenai AK $0.55: $0.00 14-2057 [ 50495 Onslow Avenue 1 Kenai AK $21500 $0.62 i 35036 Kenai Soldotna AK 1.18' 00
Subject Has 71500 Indicated Price 639.24 Sq. Ft. LEASE RATE
Low .55 sq. ft. High . 76 sq. ft . Recommended . 63 sq. ft. KENAI PENINSULA BOROUGH 144 North Binkley Street • Soldotna, Alaska 99669-7520 PHONE: (907) 714-2200 • FAX: (907) 714-2378 Toll-free within the Borough: 1-800-478-4441, Ext. 2200 www.kpb.us
MIKE NAVARRE ...... ~ .. ~ BOROUGH MAYOR MEMORANDUM
TO: Hal Smalley, Assembly President KenaiPeninsula Borough Assembly Members
THRU: Mike Navarre, Mayor ~ Liz leduc, Assistant Borough Attorney .M
FROM: Michele Aranguiz, Special Assistant to the Mayor and Service Area Board Liaison ~
DATE: July 1, 2014
SUBJECT: Resolution 2014-046: Approving an Ambulance Fee Billing Policy for All Borough Service Areas Providing Patient Transport Services (Mayor)
This ambulance billing policy was developed with significant input from service area boards. Nikiski Fire, Central Emergency Services, and Anchor Point Fire and Emergency all voted in favor of supporting the policy.
Kachemak Emergency Service Area reviewed the policy and offered feedback and changes which were incorporated into this final version, but did not have the opportunity to vote on the final version at their last meeting. They will be reviewing the final policy at their next meeting.
The Mayor wishes to acknowledge and congratulate these service area boards for working so collaboratively ·with the administration to develop this borough-wide policy.
Amend the ninth Whereas clause:
WHEREAS, the CES and CPEMSA joint board at its June 19, 2014 meeting recommended approval of the Ambulance Fee Billing Policy; and
Amend the eleventh Whereas clause:
WHEREAS, the APFEMSA board at its June 18, 2014 meeting recommended approval of the Ambulance Fee Billing Policy; and Page -2- Amendment Memo Resolution 2014-046 July 1, 2014
Delete the final Whereas clause:
[WHEREAS, THE KESA BOARD AT ITS ------MEETING RECOMMENDED ------OF THE AMBULANCE FEE BILLING POLICY;]
Thank you for your consideration.