This file comprises FIN 467 Week 2 Team Assignment Property Selection Report Spreadsheet
Business - Finance Learning Team

Property Selection Report

1. Learning Team Assignment: Property Selection Report

· Select a commercial property from one of the property groups listed below :

· Apartment complexes

· Office complexes

· Shopping centers or other retail properties

· Industrial properties

A good source is to create a free member account at www.loopnet.com . There you can choose from a host of properties from around the US.

· Via the web, obtain the following information (usually via a listing sheet) for the commercial property. Listing sheets describe an individual real estate investment in detail, and include the following:

o Asking price

o Terms

o Location

o Age

o Lot size

o Parking

o Description of improvements including type of property, physical characteristics, including number of stories, number of units or square footage, and exterior description

o Zoning

o General traffic observations

o Competitive properties

o Recent information on income and expenses for the property

· Locate at least two comparable properties to the subject properties you selected.

· Complete an assessment of the demographic characteristics of the local area where the properties are located. Include the most current estimated population, household incomes, and age breakdown of the population.

· Reference the sources of demographic information regarding the property selected. If applicable, include U.S. Census information and local Chamber of Commerce publications, a local commercial real estate appraiser, and local government databases.

· Compare the age of each property, sale price per unit or square foot, average rental per unit or s