Page 61 - 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 2000 Renovated: 0
Gross Building Area 84,848 SF
Net Rentable Area 63,048 SF
Number of Units 115
Average Unit Size 548 SF
Development Density 34.2 Units/Acre
Parking Spaces: 91
Parking Ratio (spaces/unit) 0.79
Source: Various sources compiled by CBRE

UNIT MIX
Percent of Unit Size
Unit Mix/Type Comments No. Units Total (SF) NRA (SF)
1BD/1BA LIHTC LIHTC 79 68.7% 546 43,134
1BD/1BA Market Rate 2 1.7% 546 1,092
2BD/2BA LIHTC LIHTC 24 20.9% 810 19,440
2BD/2BA LIHTC LIHTC 2 1.7% 832 1,664
2BD/2BA Market Rate 6 5.2% 832 5,760
2BD/2BA Market Rate 2 1.7% 960 1,664
Total/Average: 115 100.0% 633 72,754
Source: Various sources compiled by CBRE

YEAR BUILT
The subject was built in 2000.

CONSTRUCTION CLASS

Building construction class is as follows:
D - Wood frame, floor and structure; considered combustible

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 II, Richmond, Virginia