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AG 2016 12 19
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AG 2016 12 19
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Last modified
1/20/2017 10:29:55 AM
Creation date
11/27/2017 10:36:13 AM
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Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
12/19/2016
Board
Board of Commissioners
Meeting Type
Regular
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Competing Available Properties <br /> Address Size (Sf) Price Price (per sf) <br /> 219 Le Phillip Ct 5,531 $575,000 $103.96 <br /> Concord NC <br /> 56 McCachern Blvd, 6,300 $350,000 $55.56 <br /> Concord <br /> 1605 Old Earnhardt Rd 6,375 $475,000 $74.51 <br /> Kannapolis NC <br /> 65 McCachern Blvd, 4,900 $450,000 $91.83 <br /> Concord <br /> 1526 Dale Earnhardt 2,100 $114,900 $54.71 <br /> Blvd, Kannapolis <br /> Average $76.11 <br /> Based on these data points, as well as our perspective of the market, our pricing <br /> expectations are as follows. <br /> Recommended Asking Price $439,000 <br /> (or $81.84 per SF) <br /> Likely Sale Range: $390,000 - $429,900 <br /> (or $72.71 to $80.15 per SF) <br /> Time to Sell 9 to 12 months <br /> If you would like to hear additional thoughts on how we may be able to achieve a higher <br /> price, we are more than willing to share several ideas to reach more of the investor <br /> market. <br /> Communication <br /> We will compile a report of all marketing activity every 90 days and send these reports to <br /> ownership. In between these quarterly reports, we will also update ownership of any <br /> serious prospects and discuss or recommend any changes in strategy. We believe it is <br /> important for ownership to know the activity and hear any feedback from prospects or <br /> brokers. <br /> Proposed Listing Terms <br /> As outlined in our Agency Agreement on file with the County, HMC would receive a <br /> commission of 2% of sale price and we recommend offering a 3% commission to any co- <br /> brokers bringing the total commission to 5% of sale price. <br /> Sincerely, <br /> boggtz Sonia <br /> Attachment number 1 \n <br /> F-8 Page 99 <br />
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