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COST APPROACH (Cont.) <br /> TABULATION OF LAND SALES <br /> No. Address Date Acres Price Price/s.f. <br /> 1 2708 TRIPLE L LP, EBRG 10122124 1.38 $498,540 $3.29 <br /> 2 UMPTANUM RDILAKESHORE WY_ EBRG 08127124 6.74 5921,000 $3.14 <br /> 3 OPPORTUNITY WY, EBRG 07124/24 3.89 1793,620 $4.68 <br /> 4 UMPTANUM RDILAKESHORE WY, EBRG 01/23/24 2.68 $868,044 $7.35 <br /> 5 2609 TRIPLE L LP, EBRG 12106122 2.41 $787,350 $7.50 <br /> 6 LAKE SH0RE WY, EBRG 03118/22 2.81 $800,000 $6.54 <br /> 7 DOLAR WY1N ENTERPRISE WY, EBRG 12122121 2.46 $685,000 $6.39 <br /> 8 1312 N 6TH AVE,YAKIMA,WA 05128/24 3.10 $600,000 $4.44 <br /> 9 600 W VALLEY MALL BLVD,YAKIMA,WA 03125122 5.78 $1,209,000 $4.80 <br /> 10 2714 GOODMAN RD_,YAKIMA,WA 05131124 2.15 $468,170 $5.00 <br /> Average $5.81 <br /> The land sales provide a reasonable range of value indications with an average indicated value of <br /> $5.81 per square foot. <br /> While Land Sales No. 1 through 4 are the most recent land sales found to compare to the subject, <br /> the location of Land Sale No. 1 is superior to the subject with higher traffic flow and rapid <br /> neighborhood development. A downward location adjustment of 35% for Land Sale No. 1 would <br /> indicate a value of$5.39 per square foot. <br /> Land Sales No. 2 through 4 are the best indicators of value found in the Ellensburg market with <br /> an average of$5.06 per square foot. <br /> Since there are minimal industrial land sales in the Ellensburg area, the market was expanded <br /> into the Yakima area to find industrial land sales to compare to the subject. Sales No. 8 through <br /> No. 10 represent the Yakima industrial land sales used for comparison to the subject. The <br /> industrial sales from Yakima indicate an average of$4.75 per square foot <br /> The concluded site value for the subject is $5.00 per square foot. <br /> The following is a breakdown of the indicated site value. <br /> 68 DAVIS APPRAISAL COMPANY <br />