HOUSE_OVERSIGHT_018853.jpg
1.52 MB
Extraction Summary
1
People
4
Organizations
2
Locations
4
Events
2
Relationships
1
Quotes
Document Information
Type:
Property appraisal report / real estate analysis
File Size:
1.52 MB
Summary
This document is a property appraisal and analysis for the IGY American Yacht Harbor Marina, a 250-slip marina with commercial buildings in the Virgin Islands. It details the property's physical specifications, construction history (1991-1995), and occupancy status, noting that the seabed is leased from the Government of the Virgin Islands. The analysis is based in part on a land survey by Brian Moseley dated December 10, 2010.
People (1)
| Name | Role | Context |
|---|---|---|
| Brian Moseley | Surveyor |
Conducted a rent roll and land survey on 12/10/2010, which was used as a source for the building area information in ...
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Organizations (4)
| Name | Type | Context |
|---|---|---|
| IGY American Yacht Harbor Marina |
The subject property being analyzed in the document.
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| Government of the Virgin Islands |
Leases 3.2 acres of seabed under the marina dock structures to the property owner.
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| irr. |
Logo appears at the bottom of the document, likely representing Integra Realty Resources, a real estate valuation and...
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| HOUSE_OVERSIGHT |
Part of the document identifier (HOUSE_OVERSIGHT_018853), indicating the document is from a collection related to the...
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Timeline (4 events)
12/10/2010
1991-1995
Construction of the marina docks in multiple phases.
IGY American Yacht Harbor Marina
1993
Completion of the majority of the commercial building construction.
IGY American Yacht Harbor Marina
Locations (2)
| Location | Context |
|---|---|
|
The specific property being analyzed, located in the Virgin Islands.
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The location of the property and the governing body that leases the seabed.
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Relationships (2)
The document states that 3.2 acres of seabed is 'leased to the property owner from the Government of the Virgin Islands'.
The document lists the 'Building Area Source' as the 'Rent roll and land survey by Brian Moseley dated 12/10/2010'.
Key Quotes (1)
"The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgin Islands."Source
HOUSE_OVERSIGHT_018853.jpg
Quote #1
Full Extracted Text
Complete text extracted from the document (1,875 characters)
Improvements Description and Analysis
42
Improvements Description and Analysis
The subject is an existing 250-slip marina with 5 commercial buildings containing a mixture of retail and office space types. The buildings contain 48,661 square feet of rentable area and were constructed in multiple stages; with the majority of the construction completed in 1993. The commercial space is 85% leased as of the effective appraisal date. The marina docks were constructed in multiple phases between 1991-1995 and are 52.8% occupied as of the effective appraisal date. The total site area is 2.76 acres or 120,226 square feet, which includes 0.64 acre or 27,878 square feet, that is re-claimed land. The property also includes 3.2 acres of seabed under the marina dock structures which is leased to the property owner from the Government of the Virgin Islands.
Improvements Description
Name of Property IGY American Yacht Harbor Marina
General Property Type Mixed Use
Property Sub Type Marina
Competitive Property Class B
Occupancy Type Multi-Tenant
Percent Leased 85%
Number of Tenants 36
Tenant Size Range (SF) 292 - 6,000
Number of Buildings 5
Stories 3
Construction Class A
Construction Type Steel frame
Construction Quality Good
Condition Good
Units per Acre (Density) 38.0
Gross Building Area (SF) 72,808
Rentable Area (SF) 48,652
Land Area (SF) 120,226
Floor Area Ratio (RA/Land SF) 0.40
Floor Area Ratio (GBA/Land SF) 0.61
Building Area Source Rent roll and land survey by Brian Moseley dated 12/10/2010
Year Built 1992
Year Renovated N/A
Actual Age (Yrs.) 23
Estimated Effective Age (Yrs.) 15
Estimated Economic Life (Yrs.) 55
Remaining Economic Life (Yrs.) 40
Number of Parking Spaces 167
Source of Parking Count Inspection
Parking Type 89 surface; 78 covered, underground
Parking Spaces/1,000 SF RA 3.43
Name of Property IGY American Yacht Harbor Marina
General Property Type Mixed Use
Property Sub Type Marina
Competitive Property Class B
Occupancy Type Multi-Tenant
Percent Leased 85%
Number of Tenants 36
Tenant Size Range (SF) 292 - 6,000
Number of Buildings 5
Stories 3
Construction Class A
Construction Type Steel frame
Construction Quality Good
Condition Good
Units per Acre (Density) 38.0
Gross Building Area (SF) 72,808
Rentable Area (SF) 48,652
Land Area (SF) 120,226
Floor Area Ratio (RA/Land SF) 0.40
Floor Area Ratio (GBA/Land SF) 0.61
Building Area Source Rent roll and land survey by Brian Moseley dated 12/10/2010
Year Built 1992
Year Renovated N/A
Actual Age (Yrs.) 23
Estimated Effective Age (Yrs.) 15
Estimated Economic Life (Yrs.) 55
Remaining Economic Life (Yrs.) 40
Number of Parking Spaces 167
Source of Parking Count Inspection
Parking Type 89 surface; 78 covered, underground
Parking Spaces/1,000 SF RA 3.43
IGY American Yacht Harbor Marina
irr.
HOUSE_OVERSIGHT_018853
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