Sales History. 6 Descriptive Analysis
Sales History. The statement of sales of the Product for 1993, 1994, 1995 and for January, 1996, a copy of which is attached hereto as SCHEDULE 5.10, is true and accurate in all respects and fairly presents the sales of the Product in the United States by Lilly for those periods.
Sales History. The Appraisers have not reviewed an abstract of title relating to the subject property. The sales history data, as set out within the report relating to the subject property, is therefore subject to review by legal counsel and to the review of a current abstract by the Appraisers. 117 LIMITING CONDITIONS AND ASSUMPTIONS: (CONT'D.) -------------------------------------------------------------------------------- MANAGEMENT OF THE PROPERTY: It is assumed that the property which is the subject of this report will be under prudent and competent ownership and management.
Sales History. Ownership of the subject property is currently vested in Horizon Holdings, LLC (Xxxxxxx X. Xxxxxxxx, 510-465-4248). The current owners acquired the subject property and the adjacent former Schoenfelds Building (now Total Renal Care -- the TRC Tower) in a multiple parcel acquisition. The date of sale was September 10, 1998 and the total consideration was $2,300,000. The subject property consists of the former Xxxxx Building, which includes an individual tax parcel located southerly of the TRC Tower across Court A. The acquisition price of the subject property was not segregated within the overall sale price. The subject's owner renovated the TRC Tower and leased the majority of the building to Total Renal Care. The owner converted the subject portion of the acquisition into a speculative telecommunications and co-location facility. According to the owner, the subject property is not under any pending contract of sale, nor is it currently listed for sale. EXPOSURE TIME / MARKETING PERIOD Exposure time is defined as "The estimated length of time the property interest being appraised would have been offered on the market prior to the hypothetical consummation of a sale at market value on the effective date of appraisal; a retrospective estimate based upon an analysis of past events assuming a competitive and open market."/4/ A reasonable marketing time or period is "an estimate of the amount of time that it might take to sell a property interest in the real estate at the estimated market value level during the period immediately after the effective date of the appraisal. The estimate of marketing time uses some of the data analyzed in the process of estimating reasonable exposure time as part of the appraisal process and is not intended to be a prediction of a date of sale or a one-line statement. It is an integral part of the analyses conducted during the appraisal assignment." The estimate of "reasonable marketing time is a function of price, time, use and anticipated market conditions such as changes in the cost and availability of funds; not an isolated estimate of time alone." The estimate of reasonable marketing time can be based on "statistical information about days on the market; information gathered through sales verification; interviews of market participants; and anticipated changes in market conditions."/5/ In order to estimate reasonable exposure and marketing periods for the subject property "as stabilized," we researched numerous sales of offic...
Sales History. The Vendor will be given visibility to at least thirteen weeks of sales history.
