| Total Net Storage Area (m2) |
6,000.00 |
5,000.00 |
83.33% |
5,000.00 |
5,000.00 |
5,000.00 |
| Area Occupied (m) |
4,200.00 |
4,200.00 |
100% |
4,166.67 |
4,183.33 |
4,191.67 |
| Occupancy (by area) across entire NSA |
90.00% |
84.00% |
93.33% |
83.33% |
83.67% |
8.83% |
| Effective Storage Unit Average |
$117,000 |
$90,000 |
76.92% |
$89,000 |
$87,667 |
$86,500 |
| Effective Average Storage Fee Rate (s/m) |
$21.67% |
21.43% |
98.90% |
$21.38 |
$20.97 |
$20.64 |
| Annualized Average Storage Fee Rate (s/m) |
$260.00 |
$257.14 |
98.90% |
$256.57 |
$251.62 |
$247.72 |
| Discount from Rack Rate |
|
-2.67% |
|
-3% |
-5% |
-7% |
| Other Income |
$6,158 |
$4,365 |
70.88% |
$4,581 |
$4,742 |
$4,602 |
| Other Income % of Gross Revenue |
5.00% |
4.63% |
92.51% |
4.90% |
5.13% |
5.05% |
| Monthly Storage Revenue |
$123,158 |
$94,365 |
76.62% |
$93,581 |
$92,408 |
$91,102 |
| Non- Storage Income |
$6,667 |
$1,667 |
25.00% |
WALE (Years) by Lettable Area |
2.07 |
| Total Gross Revenue |
$129,825 |
$96,032 |
73.97% |
|
|
|
| Annualized Total Revenue |
$1,557,895 |
$1,152,380 |
73.97% |
|
|
|
| Adopted Operating Expenses |
-$353,500 |
|
|
|
|
|
| Adopted Management Fee |
-$109,053 |
|
|
|
|
|
| Adopted Total Expenses |
-$462,553 |
|
|
|
|
|
| Adopted Net Operating profit |
$1,095,342 |
Profit Margin |
70.31% |
|
|
|
| Applied Capitalization Rate |
5.50% |
|
|
|
|
|
| Core Indicative Market Value |
$19,915,311 |
$m2 NSA |
$3,319 |
|
|
|
| Storage Revenue Stabilization Adjustment |
-$321,387 |
|
|
|
|
|
| Non- Storage Income Rental Adjustment |
-$72,544 |
|
|
|
|
|
| Capital Expenditure |
-$500,000 |
|
|
|
|
|
| Value of Additional Areas |
$2,000,000 |
|
|
|
|
|
| Other ‘below the line’ adjustment |
$1 |
|
|
|
|
|
| Adjusted Indicative Value |
$21,021,381 |
|
|
|
|
|
| Adopt Rounded Estimated Value |
$21,020,000 |
$m2 NSA |
$3,503 |
|
|
|
