Page 14 - Property Summary Guardian Place 1 12 2022 Reduced File - With Cover Pages

Improvements Analysis

Improvements Analysis

The following chart shows a summary of the improvements.

IMPROVEMENTS SUMMARY
Property Type Apartment (Multi-family Senior Housing)
Number of Buildings 1
Number of Stories 4
Year Built 1994 Renovated: 0
Gross Building Area 84,904 SF
Net Rentable Area 63,048 SF
Number of Units 121
Average Unit Size 521 SF
Development Density 37.7 Units/Acre
Parking Spaces: 59
Parking Ratio (spaces/unit) 0.49
Source: Various sources compiled by CBRE

UNIT MIX
Percent of Unit Size
Unit Mix/Type Comments No. Units Total (SF) NRA (SF)
Studio 48 39.7% 408 19,584
1BD / 1BA 61 50.4% 552 33,672
2BD / 2 BA 12 9.9% 816 9,792
Total/Average: 121 100.0% 521 63,048
Source: Various sources compiled by CBRE

YEAR BUILT
The subject was built in 1994.

CONSTRUCTION CLASS

Building construction class is as follows:
C - Masonry/concrete ext. walls & wood/steel roof & floor struct., exc. concrete slab
on grade
The construction components are assumed to be in working condition and adequate for the

building.
The overall quality of the facility is considered to be average for the neighborhood and age.
However, CBRE, Inc. is not qualified to determine structural integrity and it is recommended that
the client/reader retain the services of a qualified, independent engineer or contractor to
determine the structural integrity of the improvements prior to making a business decision.

Guardian Place I, Richmond, Virginia