Farm for Solar Redevelopment
Franklin County, PA
A sampling of assignments spanning markets, asset classes, and levels of complexity reflecting the full depth of Principle Valuation Group’s appraisal practice.
Franklin County, PA
Property Type: Agricultural
Size: 145 Acres
Description: This was a 145 acre farm with 75 tillable acres, 45 acres of pasture land, farm house, 6 farm related buildings totaling 20,000 square feet. The seller engaged us to assist in valuing the property for redevelopment as a solar energy project.
Montgomery County, PA
Property Type: Healthcare
Size: 2.399M SF
Description: This valuation included a sprawling campus with nearly 2.4 million square feet of total gross building area that including independent living, skilled nursing and other support buildings. Analyzed complex issues of valuation of entrance fees as real estate or business enterprise related revenue.
Scranton, PA
Property Type: Hospitality
Size: 146 Rooms
Description: This was the valuation of a historic hotel property that included 146 rooms, restaurant and meeting space as well as event space. The property utilized the former train station building in an adaptive reuse.
Dauphin County, PA
Property Type: Industrial
Size: 537,000 Square Feet
Description: This was a large scale manufacturing facility for a Fortune 500 operator. Over 537,000 square feet of manufacturing space. Valution of the properties instrumental in property tax appeal proceedings.
Cumberland County, PA
Property Type: Multi-Family
Size: 131 Units
Description: This assignment was 40 acres of land with a 178,224 square foot vacant office building, with a portion of the land to be redeveloped for Phase 1 which included 60 townhomes with rear garage entry, a 24 unit 3-story garden apartment building, and a 47 unit 3-story garden apartment building, and a 7,000 square foot clubhouse. The seller engaged us to assist in valuing the property as is, upon completion, and upon stabilization of the new construction.
Washington County, PA
Property Type: Office
Size: 280,000 square feet
Description: This was a 5-story single-tenant office building consisting of 280,453 square feet of gross building area with 419,364 square foot, 4-level parking garage. Valuation instrumental in property tax proceedings.
Wayne County, PA
Property Type: Recreation
Size: 188K Square Feet
Description: This assignment was of 8 parcels of agricultural land totaling 292.59 acres, and included 188,243 square feet of gross building area utilized as a children's camp. The total GBA included various lodging, pavilions, ampitheaters, fitness centers and gymnasiums, dining halls and recreation centers, offices, and much more. Valuation instrumental in property tax proceedings.
Reisterstown, MD
Property Type: Residential
Size: 6 Houses
Description: This valuation assignment including the valuation of 6 houses that were impacted by a gas pipeline that would cause impairment to the property values of each. We quantified the damages of the impact of the pipeline easement.
York County, PA
Property Type: Retail
Size: 187k Square Feet
Description: This was a community shopping center with a variety of national tenants and shadow anchored by a national big box retailer. Over 187,000 square feet of big box, medium box and in line tenancy.